PHStocks

Taguig—(PHStocks)—East West Banking Corporation (EastWest, PSE: EW) successfully completed the seventh tranche of its LTNCD with face value amounting to PhP78,880,000.00. EastWest expects to continue the issuance program in several tranches within the period allowed by the Bangko Sentral ng Pilipinas (BSP) but not to exceed PhP5 billion. Related Articles:PHStocks Week in Review: History in the MakingPHStocks Week in Review: Strong 2013 OpenerPHStocks Dividend Roundup: ABS, PNX, SECB, ICT, URC,…

ABS-CBN Corporation (PSE: ABS) The Board of Directors has declared a cash dividend of PhP0.40 per share to all stockholders of record as of 10 May 2013, payable on 6 June 2013. Phoenix Petroleum Philippines Inc. (PSE: PNX) The Board of Directors has declared a stock dividend of 30% to all stockholders of record as of 15 May 2013, to be paid on 10 June 2013. Security Bank Corporation (PSE:…

Below are some of the recent dividend announcements compiled by PHStocks. Union Bank of the Philippines (PSE: UBP) Further to the cash dividend declaration of the Board of Directors of PhP3.50 per share payable from the available retained earnings of the bank as of 31 December 2012, the Bangko Sentral ng Pilipinas (BSP) has approved the cash declaration of UBP in the total amount payable of PhP2,244,978,470.00. The record date…

Personal remittances from overseas Filipinos (OFs) in December 2012 expanded by 9.7% year-on-year, the highest monthly growth registered in 2012, to reach $2.2 billion, according to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. This positive development brought the full-year personal remittances to $23.8 billion, higher by 6.4% compared to the level recorded in the same period of the previous year. Growth in remittances was driven by higher…

Cebu—(PHStocks)—In a special meeting today, the Board of Directors of Aboitiz Equity Ventures Inc. (PSE: AEV) has approved the proposed offer from Union Bank of the Philippines (UnionBank, PSE: UBP) to purchase all of its shares in City Savings Bank, Inc. (CitySavings), a Cebu-based thrift bank. AEV, together with its wholly owned subsidiary, Pilmico Foods Corporation (PFC), own 99.54% of CitySavings’ issued and outstanding capital stock. AEV owns 116,262 shares…