PAL Wraps Up $150M Loan for 2015 Capex

Flag carrier Philippine Airlines Inc. (PSE: PAL) is set to conclude a $150-million loan facility to partially finance its capital expenditures this year, particularly the purchase of five brand new Airbus aircraft. PAL president and chief operating officer Jaime Bautista said in an interview that the airline has already finalized talks with two financial institutions to […]
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Domestic Air Travel Seen Recovering

Domestic aviation is on an uptrend as airlines such as Cebu Pacific (PSE: CEB) and Philippine Airlines (PSE: PAL) lead the way in terms of fleet expansion. All domestic carriers tracked by the Civil Aeronautics Board (CAB) carried about 20.35 million passengers in terms of domestic scheduled flights in 2014. Although the growth rate was […]
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PSEi Extends Growth, Hits New Record

Manila—(PHStocks)—The bulls beat the bears as the Philippine Stock Exchange (PSE) index continued its steady growth on Monday, 26 January, buoyed by market sentiment on the European Central Bank’s (ECB) stimulus announcement last week. The PSEi closed today’s trading at 7,586.67, up by 0.5% or 37.74 points. This is despite the profit-taking early in the […]
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PHStocks Exclusive: Top 50 Stock Price Gainers in December

Manila—(PHStocks)—The last month of the year saw realignment of investor portfolio amid the strong rallies over the previous weeks leading into the holidays. A Santa Claus rally was also observed, with the Philippine Stock Exchange index (PSEi) recovering losses to finish the last trading day of the year at 7,230.57, up by 0.62% or 44.25 […]
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Massive Selloff Pulls Down PSEi to 6,900 Level

Manila—(PHStocks)—Bloodbath. Philippine stocks suffered massive selloff amid weak investor sentiment in regional markets. The benchmark Philippine Stock Exchange (PSE) index plunged by 2.71% or 194.17 points to close today’s session at 6,966.21. All counters were in the red, led by the 3.2% drop in the Holding Firms index. The Property sector declined by 2.48% while […]
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