SM Investments Expands Net Income 16.3% to Php24.7 billion

Pasay—(PHStocks)—SM Investments Corporation (SM) reported that net income for full-year 2012 amounted to Php24.7 billion, for a higher than expected growth of 16.3% from its 2011 earnings of Php21.2 billion. The growth in earnings was broad-based, with SM’s mall, property, retail and banking businesses delivering strong results. Revenues increased 12.0% to Php223.9 billion from Php199.9 […]
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PH Stocks Still in Red

Local shares continue their weak performance Tuesday on further profit taking. The bellwether Philippine Stock Exchange index (PSEi) shed 28.51 points or 0.67% to close at 4,199.48 points. The wider all-shares index was also down for the second consecutive trading day, declining by 0.77% to 3,072.84 points. All counters also suffered a beating, with the […]
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PHStocks Week in Review: Growth Continues

Local shares are on a strong growth track. The bellwether Philippine Stock Exchange index (PSEi) gained an overall 6.55% increase to finish at 4,129.54 points for the week, up from 3,875.81 points in the previous week. The wider all-shares index was also on a fast track, gaining 1.25% or 37.64 points to reach 3,043.49 points. […]
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RCBC Board Approves Cash Dividends

The Board of Directors of Rizal Commercial Banking Corp. (RCBC, PSE: RCB) has approved declaration and payment of cash dividends amounting to PhP0.80 per share, or a total of about PhP810.86 million payable to holders of common class shares, and a total of approximately PhP2.1 million payable to holders of preferred class shares, subject to […]
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Foreign Portfolio Investments Reach $740M in February

Transactions during February 2011 resulted in a net inflow of $534 million, nearly thrice the $193 million net inflow in January due to lower outflows ($935 million in February 2011 against $1.3 billion in January 2011), according to the Bangko Sentral ng Pilipinas (BSP). The net inflow also represented almost four times the $139 million […]
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PH Stocks Continue to Slide

Local shares were down for the fourth consecutive trading day since Friday. The main board Philippine Stock Exchange index (PSEi) dropped almost 0.46% to 3,878.44 points on Wednesday, while the wider all-shares index limited the decline to 0.05%. On sectoral indices basis, only the Services industry declined, suffering a 2.85% drop. Trading volume reached 1.22 […]
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Metrobank Posts PhP8.4B Income for 2010

Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) has reported consolidated net income of PhP8.4 billion for the full year 2010, up 39% from the previous year. This pushed return on average equity to 10.3%, an improvement from 8.6% in 2009. The increase was driven by the healthy 10% growth in total revenues to PhP48.1 […]
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IFC Acquires 7.2% Stake in RCBC

The International Finance Corp. (IFC) will be acquiring a 7.2% stake in Rizal Commercial Banking Corp. (RCBS, PSE: RCB) for total consideration of over PhP2.1 billion (approximately $49 million). The investment of IFC into RCBC represents an important element of the capital raising strategy of RCBC. It is also in line with IFC’s financial markets […]
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