RCBC Denies Verotel Claims

Makati—(PHStocks)—Rizal Commercial Banking Corp. (PSE: RCB) and Bankard categorically deny the claims made by Verotel and believe the lawsuit is wholly without merit. The case is more than three years old, and it involves common commercial internet transactions that occurred over a decade ago. RCBC and Bankard have filed appropriate defenses including the fact that […]
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PH Stocks Extend Gains

Manila—(PHStocks)—Philippine stocks ended the week, and the first trading day of May, on a positive note. The Philippine Stock Exchange index (PSEi) further gained 0.52% or 35.06 points to close the session at 6,742.97. All counters end in the green, led by the Mining & Oil index, which jumped by 2.27%. The wider All Shares […]
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PH Stocks Recover Slightly

Manila—(PHStocks)—The Philippine stock market was up for a second day on window dressing and bargain hunting, The mainboard Philippine Stock Exchange index (PSEi) went up by 0.7% or 43.93 points to close the week at 6359.62 – slightly up from last week’s finish of 6,339.26, but down from Monday’s (24 March) close of 6,400.67. Related […]
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PH Stocks Down for Second Session

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 10 January, as sell-off continues. The Philippine Stock Exchange index (PSEi) shed 1.59% or 94.63 points to close this week’s trading at 5,842.88. Most counters were back in the red, led by the Holding Firms segment, which dropped by 2.56%, followed by Financials, which slid by 1.86%. The wider […]
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PHStocks Spotlight: Bankard Inc. (BKD)

For the next few days, we will put the spotlight on some of the 2013 top stock performers at the Philippine Stock Exchange (PSE), based on compiled data by PHStocks. To kick off the series, we will start with the biggest stock price gainer for the year 2013: Bankard Inc. (PSE: BKD). Here’s a bit […]
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PH Stocks Recover as Investors Take Position

Manila—(PHStocks)—Philippine stocks were up Monday, 6 January, as investors start pick up bargain stocks after last Friday’s profit taking. The benchmark Philippine Stock Exchange index (PSEi) ended the trading day 0.64% or 37.88 points higher – regaining its losses last week – to 5,985.81. Related Articles:PH Stocks Stumble AnewPH Stocks Down for Second SessionPH Stocks […]
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Bankard: Share Purchase Agreement Completion

Pasig—(PHStocks)—Bankard Inc. (PSE: BKD) has received information that Rizal Commercial Banking Corp. (PSE: RCB) and RCBC Capital Corp. jointly sold its 1,375,459,989 common shares of stock in the Corporation equivalent to 89.9% through a block sale last 27 December 2013 at an average price of PhP0.7961 per share in favor of Philippine Business Bank (PSE: PBB). […]
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RCBC Bankard Share Purchase Agreement Completion

Makati—(PHStocks)—Rizal Commercial Banking Corporation (RCBC, PSE: RCB) has consummated the sale of its 65.425%% stake in Bankard Inc. (PSE: BKD) for a total consideration equivalent to a 72.7% share of the Net Cash in the Balance Sheet of Bankard, plus a 65.425% share in the corporate vehicle premium totaling PhP250 million after trading hours last 27 December 2013 to […]
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