PLDT invests US$15mn in Internet TV Service for Southeast Asia

Manila–(PHStocks)–Philippine Long Distance Telephone Company (PLDT, PSE: TEL, NYSE: PHI), the leading telecom operator in the Philippines, has invested $15 million in iflix, which plans to be Southeast Asia’s leading Internet TV service. iflix will launch an Internet TV service that will make available to 600 million consumers in Southeast Asia access to thousands of […]
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PH Stocks Down for Third Session

Manila—(PHStocks)—Philippine stocks declined for the third straight session Monday, 29 July, amid thin trading. The Philippine Stock Exchange (PSE) index slid by 0.68% or 45.96 points to close today’s trading at 6,717.66. While most of the sectors posted weak performances, the Mining and Oil index surged by 3.7%. The Services sector also posted gains, finishing […]
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PH Stocks Start Road to Recovery

Manila—(PHStocks)—Philippine stocks rebounded Friday, 14 June, as investors start hunting for bargains after a bloody week of trading. The benchmark Philippine Stock Exchange (PSE) index went up by 2.1% or 128.18 points to slightly recover from its more than 400-point decline this week, closing at 6,242.26. All counters were also back in the green, led […]
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PH Stocks Nosedive

Manila—(PHStocks)—The Philippine stock market hasn’t even recovered yet from its huge declines last Tuesday, 11 June, when it recorded its worst drop ever late in the trading day Thursday, 13 June, as foreign investors continue to exit the market amid continuing jitters on uncertainties in the tapering of the quantitative easing program in the United […]
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PH Stocks Near Record High

Manila—(PHStocks)—Philippine stocks continued their climb Wednesday, 22 May, as investors continue to remain bullish in the country’s economic outlook. The benchmark Philippine Stock Exchange (PSE) index went up by 0.78% or 57.49 points to close today’s trading at 7,385.07 – less than 10 points away from its record high 7,392.2. All counters are back in […]
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PH Stocks Up Anew, Back in 7300 Territory

Manila—(PHStocks)—Philippine stocks extended their gains Tuesday, 21 May, on strong investor confidence amid continuing bullish outlook for the country. The benchmark Philippine Stock Exchange (PSE) index increased by 0.72% or 52.2 points to 7,327.58, retaking its foothold in the 7300 territory after a series of profit taking during the last three trading days. Most sectors […]
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PLDT Issues 1.6M Shares to Digitel Shareholders

Makati–(PHStocks)–Philippine Long Distance Telephone Company (PSE: TEL) has issued a total of 1,606,160 common shares to PCD Nominee Corporation for the settlement of the purchase price of 2,517,806,269 common shares of Digitel Telecommunications Phils. Inc. (Digitel) tendered by the Digitel minority stockholders under the tender offer conducted by PLDT, and which opted to receive payment […]
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PLDT Announces Results of Tender Offer to Digitel Minority Shareholders

Manila–(PHStocks)–Philippine Long Distance Telephone Company (PLDT, PSE: TEL; NYSE: PHI) today announced the results of its tender offer for the remaining Digital Telecommunications Phils., Inc. (Digitel) common shares held by the public. A total of 2,888 million shares were tendered by Digitel minority shareholders, representing approximately 94% of the shares held by the public. The minority […]
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