AGI Earmarks PhP240B for Capex Up to 2020

Alliance Global Group Inc. (PSE: AGI), the investment holding company of billionaire Dr. Andrew L. Tan, has announced a three-year capital expenditure (CAPEX) of PhP240 billion up to 2020 to ensure its organic growth. AGI’s CAPEX is intended to launch more development projects around the country, further increase its leasing capacities for its office buildings […]
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RWM Nets PhP4B in 2015

Pasay—(PHStocks)—Travellers International Hotel Group Inc. (TIHGI, PSE: RWM), owner and operator of Resorts World Manila, reported audited consolidated financial results of PhP27.7 billion gross revenues in 2015. The company remains resilient and profitable, ending the year with PhP4 billion net income with earnings before interest, taxes, depreciation and amortization (EBITDA) at PhP6.2 billion. Unrealized foreign exchange […]
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Megaworld, Travellers Investing PhP65B to Build Westside City

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG), the country’s leading developer of integrated urban townships, and Travellers International Hotel Group Inc. (PSE: RWM), the developer and operator of Resorts World in the Philippines, are allocating PhP65 billion to develop a 31-hectare leisure and entertainment township at the booming Entertainment City in Paranaque City. To be called Westside City, […]
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Alliance Global Posts PhP4.91B Profit in 1Q 2013

Manila—(PHStocks)—The Andrew Tan-led Alliance Global Group Inc. (PSE: AGI) reported strong results for the first three months of 2013, with its net profit growing to PhP4.91 billion, up 18 percent from PhP4.15 billion a year ago. Consolidated revenues also grew to PhP30.39 billion in the first three months of 2013, a 25 percent increase from PhP24.38 […]
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PHStocks Week in Review: Resilience

Manila—(PHStocks)—Philippine stocks suffered a bout of profit taking this week as strong the market continued to grow leaps and bounds on the back of positive macroeconomic outlook and better-than-expected financial results of companies. The Philippine Stock Exchange index (PSEi) opened the week on a strong note, gaining 0.67% to close Monday’s trading at 6,565.23. On […]
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PHStocks Week in Review: Growth Continues

Manila—(PHStocks)—It has been a highly profiting week for investors in the Philippine stock market as they cash in on their gains amid the surging growth on the back of continued optimism in the country’s economic outlook. The week also marked another record achievement as the mainboard Philippine Stock Exchange index (PSEi) breached the 6,400-point mark […]
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PH Stocks Recover, Up 34pts

Local shares rebounded Friday, with the bellwether Philippine Stock Exchange index (PSEi) gaining 0.89% or 34.27 points to close at 3,875.81 points. The wider all-shares index meanwhile went up 25.15 points to 2,924.1 points. All counters were back on a positive trend, led by the Industrial index, which gained 1.48%. The Holding Firms sector followed […]
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PHStocks Week in Review: Strong Turnaround

The local stock market went through a roller coaster ride this week as the world still grapple with the uncertainty of oil supply, driven by the continuing crisis in Libya. Markets rebounded, however, on news that Saudi Arabia will ensure oil supply. In the Philippines, though, oil prices reached the PhP51 to PhP52 level, as […]
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