Philippines at Over 3-month High on Inflows

Source: Reuters Southeast Asian stock markets were mixed on Thursday, with Philippine shares hitting their highest in more than three months while a rally in crude oil prices and hopes the European Central Bank would ease policy lifted sentiment in Asia. The European Central Bank is set to unveil its second stimulus cocktail in three […]
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Nomura Completes Investment in BDO Unibank Subsidiary

Nomura Holdings Inc. has completed the investment in PCIB Securities Inc. (PCIB), a wholly owned subsidiary of BDO Unibank Inc. (PSE: BDO), which was announced on 29 June 2015. Koichi Katakawa will be appointed as president of PCIB, subject to local regulatory approval. Nomura does not expect the investment to have a material impact on […]
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BDO Seals MoU With Japanese Financial Institution FIDEA

Makati-(PHStocks)-BDO Unibank, Inc. (BDO) and FIDEA Holdings Co., Ltd. (FIDEA Group) further strengthened their business relationship through a memorandum of understanding (MoU) that will allow BDO to provide support to FIDEA’s clients planning to invest in the Philippines. FIDEA is a joint holding company between major Japanese regional banks The Shonai Bank, Ltd. (Yamagata prefecture) […]
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SM 9M 2015 Recurring Net Income Jumps 12%

Pasay—(PHStocks)—SM Investments Corp. (PSE: SM) reported a 7% growth in consolidated net income to PhP19.4 billion for the first nine months of the year. Excluding extraordinary items, recurring net income grew 12%. Consolidated revenues grew 7% to PhP206.2 billion for the period. “Our strong results year-to-date reflect our ongoing focus on delivering footprint expansion across the country and on driving […]
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BDO Posts PhP17.6B Net Income in 9M 2015

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) delivered a net income of PhP17.6 billion in the first nine months of 2015, higher than the PhP16.7 billion posted in the comparable period last year on the solid expansion of its core businesses despite the challenging operating environment. BDO’s lending operations picked up pace with a 19% increase in gross customer loans to PhP1.2 trillion […]
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