BDO to Buy SB Cards’ Diners Club Franchise

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) and SB Cards Corp. (SB Cards), the credit card subsidiary of Security Bank Corp. (PSE: SECB), have signed an agreement whereby BDO accepted SB Cards’ offer to sell its rights as the exclusive issuer and acquirer of Diners Club International (DCI) credit cards in the Philippines. The acquisition includes SB Cards’ existing Diners Club […]
Continue reading…

 

PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
Continue reading…

 

PHStocks Exclusive: Top 50 Best Performing Stocks in March 2016

Below is the list of the top 50 strongest performing stocks for the month of March. 1. Concrete Aggregates Corp. “A” (PSE: CA): PhP339, 438.09% 2. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP5.90, 115.33% 3. Mabuhay Vinyl Corp. (PSE: MVC): PhP4.78, 71.94% 4. Synergy Grid & Development Philippines Inc. (PSE: SGP): PhP250, 64.47% 5. […]
Continue reading…

 

Security Bank and BTMU Complete Strategic Partnership Deal

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) and The Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) completed the strategic partnership deal signed last 14 January 2016. Security Bank has received capital investment of PhP36.9 billion from BTMU. In turn, SECB issued to BTMU 150,707,778 common shares and 200,000,000 preferred shares, representing BTMU’s 20% ownership of the voting stock in […]
Continue reading…

 

LRMC Inks PhP24B Loan Facility, EPC for LRT 1 Cavite Extension

Makati—(PHStocks)—Light Rail Manila Corp. (LRMC), a joint venture company of Metro Pacific Investments Corp.’s (PSE: MPI) Metro Pacific Light Rail Corp. (MPLRC), Ayala Corp.’s (PSE: AC) AC Infrastructure Holdings Corp. (AC Infra), and the Philippine Investment Alliance for Infrastructure’s Macquarie Infrastructure Holdings (Philippines) Pte Ltd (MIHPL), announced the simultaneous signing on 11 February 2016 of […]
Continue reading…