Rockwell JV with Carmelray Property Gets Green Light

The Philippine Competition Commission gave its approval to Rockwell Land Corp. (PSE: ROCK) to proceed with its joint venture (JV) with the Yulo Family’s Carmelray Property Holdings Inc. (CPHI) to develop a 63-hectare mixed-use project in Canlubang, Laguna. Rockwell will invest in the project by initially purchasing and subscribing to PhP450 million worth of CPHI […]
Continue reading…

 

Rockwell Land Expands Hotel and Leisure Portfolio

Makati—(PHStocks)—Rockwell Land Corp. (PSE: ROCK) recently unveiled the planned developments of Aruga Hotels, a collection of luxury resort hotels to be built within Rockwell Center and on Mactan Island, Cebu, as the developer continues to expand its hotel and leisure business amid the upbeat tourism growth prospects of the country. The announcement comes after the developer […]
Continue reading…

 

Profit Taking Continues to Pull Back Gains

Manila—(PHStocks)—Philippine stocks faced another series of profit taking Thursday, 24 April. The Philippine Stock Exchange index (PSEi) slid by a further 0.56% or 38.19 points to close the day’s session at 6,731.33. Except for the Mining and Oil index (+0.68%), all remaining counters were in the red, led by the Services sector (-0.98%), followed by […]
Continue reading…

 

PH Stocks Bounce Back on Bargain Hunting

Manila—(PHStocks)—Philippine stocks rebounded Monday, 17 March, as investors hunt for bargains after a series of profit taking and selloff last week. The Philippine Stock Exchange index (PSEi) withstood another round of selloff in the afternoon session, pulling up by the end of trading to post a 0.14% gain and close today’s market at 6,399.99. Only […]
Continue reading…

 

PH Stocks on Slow Climb

Manila—(PHStocks)—Philippine stocks continued their rally Monday, 9 September, albeit at a minimal rate. The Philippine Stock Exchange index (PSEi) gained 0.38% or 22.42 points to 5,997.04 – slightly up from Friday’s 0.26% gain. All counters are in the green, led by the Industrials, which posted a 0.69% gain. The Holding Firms segment followed with a […]
Continue reading…

 

Market Jitters, Profit Taking, Pull Down PH Stocks

Manila—(PHStocks)—After yesterday’s sharp recovery, investors cashed in on their gains while others stayed away from the markets amid jitters across the region. The positive news of the Philippines’ first quarter GDP growth of 7.8%—which beats analysts forecasts, outpaces most ASEAN countries including Indonesia’s 6%, Thailand’s 5.3%, and Vietnam’s 4.9%, and even beating that of China’s […]
Continue reading…

 

PH Stocks Fall to 6500 Level

Manila—(PHStocks)—Philippine stocks extended their declines Monday, 18 March, with the bellwether Philippine Stock Exchange (PSEi) index closing at 6,536.18, down by 1.78% or 118.42pts. The bloodshed was across the board. The Property sector shed 2.88%; Holding Firms, 2.81%; and Mining and Oil index, 1.91%. This despite continued positive news in the country, such as a […]
Continue reading…

 

PH Stocks Extend Declines

Manila—(PHStocks)—Philippine stocks continued their decline Tuesday, 12 March, amid widespread profit taking. The mainboard Philippine Stock Exchange (PSE) index fell below the 6,800 level, closing today’s trading at 6,786.42, down by 0.4% or 27.53pts. On a sectoral basis, the Mining and Oil index wiped its gains yesterday, shedding 1.7% or 373.4pts. The same goes for […]
Continue reading…