AXA Completes Acquisition of Charter Ping An

Makati— (PHStocks)—Philippine AXA Life Insurance Corp. (AXA Philippines) announced that it completed the 100% acquisition of Charter Ping An Insurance Corporation (Charter Ping An). AXA first announced its intention to purchase the non-life insurance company from GT Capital Holdings Inc. (GT Capital, PSE: GTCAP) on November 5, 2015. AXA Philippines is a joint venture between […]
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Inflation Seen to Rise to 1.4% in Dec.

Inflation is expected to increase to 1.4% in December and slowly climb to 1.6% in January, a unit of Metrobank (PSE: MBT) said in a report. Related Articles:Metrobank Offers LTNCDsMB Approves Sanctions on MetrobankMonetary Policy Tightens Further in Q3 2018Inflation Rises to 6.4% in AugustOctober Inflation is Steady at 0.4%
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BLOG: My Online Stock Broker

We’ve just finished the “basics to learning investing” series here in PHStocks. For those who happen to be their first time here, you can find the first part here, second part here, and third parthere. (NOTE: AGAIN, THIS ARTICLE IS ONLY FOR THOSE BEGINNERS IN STOCK INVESTING. THOSE EXPERTS, AUTHENTIC AND OTHERWISE, AND TSUPITEROS, WOULD […]
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PLDT Offers Debut SEC-Registered Bonds

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) (NYSE: PHI) Philippine Long Distance Telephone Company (PLDT), the leading telecommunications service provider in the Philippines, has received approval from the Securities and Exchange Commission (SEC) to sell bonds with a base offer size of PhP10 billion, with an option for oversubscription of up to PhP5 billion. This will be […]
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MERALCO Consolidated Core Net Income for 9M2013 Up 5% to PhP13.6B

Manila—(PHStocks)—Manila Electric Co. (MERALCO, PSE: MER) has announced that its unaudited consolidated Core Net Income, which excludes one-time, exceptional charges, for the nine months ended 30 September 2013 amounted to PhP13.6 billion. Consolidated Reported Net Income also stood at PhP13.6 billion. The volume of energy sold during the first nine months of 2013 reflected a 5% growth despite a major weather disturbance […]
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PNB Raises PhP4B after Successful LTNCD Offer

Pasay–(PHStocks)–Philippine National Bank (PSE: PNB) has successfully concluded its second Long Term Negotiable Certificates of Time Deposits (LTNCD) offering in 2013. This was done to address the unmet demand from its customers after PNB’s first issuance in uly was oversubscribed just a few hours into the offer. The proceeds of the second offering will be used for general […]
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Filinvest Land Issuing PhP5B to PhP7B Worth of Bonds

Manila—(PHStocks)—Filinvest Land Inc. (PSE: FLI) will be offering PhP5 billion fixed-rate retail bonds, with an oversubscription option of PhP2 billion. The bonds will have a tenor of 7 to 10 years. The bonds will be issued in minimum denominations of PhP50,000 and increments of PhP10,000 thereafter. Tentative offer period of the bonds is this month. The […]
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Rockwell Board Authorizes Corporate Notes Issuance

Makati—(PHStocks)—The board of Directors of Rockwell Land Corporation (PSE: ROCK) today authorized the Corporation to issue Corporate Notes under a notes facility of up to PhP10 billion. First Metro Investment Corp. (PSE: FMIC) and PNB Capital and Investment Corp. are being appointed as Joint Lead arrangers. About PhP4 billion of the proceeds of the Facility […]
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