PH Stocks Rebound

Local shares made a turnaround Friday, with the bellwhether Philippine Stock Exchange index (PSEi) ending its five-day bloodbath by gaining 0.59% or 22.5 points to close at 3,839.88points. The wider all-shares index likewise recovered, increasing 0.75% to 2,881 points. All counters were also on a turnaround, capping the week on a positive note, with the […]
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Pure Foods Completes Listing of 15 Million Preferred Shares

San Miguel Pure Foods Co. (PSE: PF) has completed the listing of 15,000,000 preferred shares (PFP) at the Philippine Stock Exchange (PSE) following a successful public offering in February that raised PhP15 billion in fresh capital. The preferred shares are priced at PhP1,000 per share, and each share has a fixed dividend rate of 8% per […]
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AEV 4Q Net Income Up 107%

Aboitiz Equity Ventures Inc. (PSE: AEV) has registered a consolidated net income of PhP5 billion for the fourth quarter of 2010, up 107% from the same period in the previous year. Of the total earnings contributions from the company’s four strategic business units (SBUs), Power accounted for 90%. Income share of the Banking and Food […]
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IMI Revenues Up 4%

Electronics manufacturing services (EMS) provider Integrated Micro-Electronics Inc. (PSE: IMI), and a member of the Ayala (PSE: AC) group of companies, recorded $412.3 million in consolidated revenues for the 12 months ended December 31, 2010. This represents a year-on-year growth of 4% due to the sustained strong performance of IMI’s China operations and incremental revenues […]
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SEM-Calaca Appoints Officers, Additional Directors

Stockholders of SEM-Calaca Power Corp. (SCPC), a subsidiary of Semirara Mining Corp. (PSE: SCC), have approved: (1) the election of directors to complete the full board of 11, as earlier approved by the Securities and Exchange Commission (SEC); (2) appointment of officers; and (3) the creation of corporate governance committees. The newly appointed directors include […]
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Solar Power to Light Philippine Roads

Whenever I go home for a short vacation, one of the really disappointing things that I continue to notice in the Philippines is the darkness in roads—and some are even in major roads. Here’s one example. So our home is in Molino, Bacoor, Cavite. The fastest route to get there from the Ninoy Aquino International […]
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Shell, PSALM Ink PhP98M Supply Contract

Pilipinas Shell Petroleum Corp. will supply the 2011 engine-lubricating oil (ELO) requirements of the power barges of the Power Sector Assets and Liabilities Management Corp. (PSALM). In a ceremonies held in Makati City on February 17, 2011, PSALM and Shell officially signed the contract agreement amounting to PhP98 million (PhP98,164,167.00) for the supply and delivery […]
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Sy, Coyiuto Consolidate Hold on National Grid

SOURCE: Philippine Daily Inquirer Holding firm UEM Development Philippines Inc. (PSE: MK) plans to issue PhP2 billion worth of shares to businessmen Henry Sy Jr. and Robert Coyiuto Jr. as part of a share-swap deal that will allow the company to gain control of the privatized electricity superhighway operated by National Grid Corporation of the […]
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