BPI Approves Stock Rights Offer for Up to PhP50 Billion

Bank of the Philippine Islands (PSE: BPI) approved a stock rights offering (SRO) of common shares to eligible shareholders to raise up to PhP50 billion to support its growth and strategic initiatives in the coming years. The bank believes that the Philippine banking sector continues to present significant medium and long-term growth prospects and that […]
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Robinsons Land Obtains PSE Board Approval for PhP20B SRO

Robinsons Land Corp. (PSE: RLC) has obtained the approval of the board of directors of the Philippine Stock Exchange Inc. (PSE: PSE) to raise up to PhP20 billion through a stocks right offer (SRO). The said approval was secured on January 10, 2018, while the Securities and Exchange Commission’s (SEC) confirmation of exempt transaction covering […]
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BPI Announces Leadership Appointments

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI) announces the appointments of Ma. Cristina “Ginbee” L. Go as President of BPI Family Savings Bank and Natividad “Nabbie” N. Alejo as Chairman of BPI Direct BanKo Inc., A Savings Bank. Go takes over the post previously held by Alejo at BPI Family Savings Bank, while Alejo replaces […]
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Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
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BPI Posts Net Income of PhP17.38B in 2016 YTD Q3

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI) 2016 year-to-date (YTD) Q3 net income was PhP17.38 billion, up 25.6% year-on-year. Comprehensive income was PhP18.67 billion, up 40%. Revenues Total revenues rose 14.3% to PhP50.42 billion. Net Interest Income was +9.1% to PhP31.28 billion. Non-Interest Income rose 23.9% to PhP19.14 billion, owing to strong gains in trading, […]
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BPI Inks $400M Syndicated Term Loan

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI), an acknowledged leader in Philippine banking, successfully closed and signed a $400‐million, three‐year syndicated term loan facility attracting a diverse group of Asian, European, and American lenders. The facility is the first of its kind for BPI in the USD syndicated loan market. Following several months of syndication and documentation, the […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in April 2016

Manila—(PHStocks)—We have yet to see the real impact of the recent elections in our country’s stock market. Over the past few days, however, the Philippine Stock Exchange index has seen pretty strong finish owing to the relatively fast, credible and peaceful national elections on May 9. Market observers meanwhile expect the euphoria to taper in the next […]
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Mercedita Nolledo Joins D&L Industries Board of Directors

Quezon City—(PHStocks)—D&L Industries Inc. (PSE: DNL) announced today that Mercedita S. Nolledo has been elected to its Board of Directors as Independent Director. A lawyer, a Certified Public Accountant, and a veteran corporate executive of the Ayala group of companies, she will serve in the Audit Committee and Remuneration Committee. Her appointment was effective April […]
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