Investors, Big or Small, Split on Their Views on PH

Institutional investors, hedge funds, high net worth individuals and corporate executives are all split on their view on the Philippines, with about as many investors wanting to put more money in the country as those who feel they will be better off putting their money elsewhere. Read More Source: Philippine Daily Inquirer Related Articles:2010 BOP Surplus […]
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2010 BOP Surplus Reaches $14.4B

The balance of payments (BOP) surplus stood at $7.9 billion in the fourth quarter of 2010, a nearly fourfold increment over the $2 billion surplus registered in the comparable quarter a year ago, according to the Bangko Sentral ng Pilipinas (BSP). The appreciable improvement in the external payments position was due to the robust net […]
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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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FMIC Reports 68% Profit Growth

First Metro Investment Corp. (PSE: FMIC), the investment banking arm of the Metrobank Group (PSE: MBT), continues to surge as it closed the year with a consolidated net income of PhP1.7 billion or 67.8% higher than the PhP1 billion consolidated net income of the previous year. Year on year return on equity is at 18.6%. […]
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Despite El Nino, Manila Water Net Income Surge to PhP4B

Manila Water Company Inc. (PSE: MWC) has reported a net income (unaudited) of PhP3.987 billion in 2010, up from PhP3.23 billion in the previous year, driven by steady growth in water sales volume. Net income was further boosted by a one-time downward adjustment on its depreciation expense. The year 2010 was characterized by the arrival […]
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Foreign Portfolio Investments Yield $193M in January

Transactions during January 2011 pertaining to foreign portfolio investments (FPI) registered with the Bangko Sentral ng Pilipinas (BSP) resulted in a net inflow of $193 million, 54.9% lower than the $428 million net inflow for December 2010, but 13.5% higher than the $170 million recorded a year ago. The decline seen in January 2011 may be […]
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PH GIR Hit $63.6B in January

The country’s gross international reserves (GIR) as of end-January 2011 rose to $63.6 billion, higher by $1.2 billion compared to the end-December 2010 GIR of $62.4 billion, according to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr.  Foreign exchange inflows coming from the foreign currency deposits by the National Government (NG) of proceeds […]
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PH Economic Team Set to Attract More Japanese Investments

SOURCE: Manila Bulletin The Philippines has urged Japanese businessmen to take advantage of the country’s economic momentum by increasing investments and trade via the Philippine Japanese Economic Partnership Agreement and participation in the P127 billion various infrastructure development projects to be auctioned this year under the Public-Private Partnership (PPP) program. Read This Article Related Articles:PH […]
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