BDO Secures PSE Approval for PhP60B Rights Offer

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) announced that the Board of Directors of the Philippine Stock Exchange (“PSE”), during its meeting on 14 December 2016, approved the listing of the new common shares to be issued from the Bank’s program to raise up to PhP60 billion (approximately $1.2 billion) in additional core capital through a stock […]
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SM Investments Sets Interest Rates for PhP15B Retail Bonds

Pasay—(PHStocks)—SM Investments Corp. (SMIC, PSE: SM) has set the coupon for its Peso-denominated Series G, 7-year retail bonds at 5.1590% p.a. SMIC will issue an aggregate principal amount of PhP15 billion of the Series G bonds, with an option to issue an additional amount of up to PhP5 billion. The bonds are scheduled to be […]
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Now is the Best Time to Invest in PH

SM Investments Corp. (PSE: SM) vice chair Teresita Sy-Coson has urged foreign investors to take a look at the Philippines, telling a conference of global expatriates that now was the best time to invest here. Speaking at the 14th Global CEO Conference in Singapore, Sy-Coson said that over the last five years under President Aquino, the Philippines […]
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PH Stocks Maintain Rally, Reach 6800

Manila—(PHStocks)—Philippine stocks jumped further on Wednesday, July 24, as investors remain optimistic of the country’s macroeconomic growth this year. With the confusion settling down regarding whether or not the US Federal Reserve will start scaling back its stimulus program, “hot money” is starting to flood the market again. The Philippine Stock Exchange (PSE) index went up by […]
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PH Stocks End Slightly Higher

Manila—(PHStocks)—Philippine stocks recovered slightly Monday, 22 July, amid quiet trading in the market. The benchmark Philippine Stock Exchange (PSE) index inched higher by 0.1% to close at 6,627.36. Total value turnover was just PhP4.7 billion on 864 million shares traded. According to PSE data, foreign buying was PhP2.2 billion while foreign selling was Php2.21 billion. […]
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PH Stocks Down on Cautious Trading

Manila—(PHStocks)—Philippine stocks end slightly lower Wednesday, 17 July, as investors maintain a cautious stance ahead of the US Federal Reserve’s Ben Bernanke’s statements today. The mainboard Philippine Stock Exchange (PSE) index declined by 0.13% to close today’s trading at 6574.72. All counters except for the Holding Firms (+0.51%) and Property (+0.06%) indexes were down, with […]
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PH Stocks Sustain Rally

Manila—(PHStocks)—Philippine stocks continued their rally Friday, 12 July, as investor sentiment gets a lift from positive momentum in U.S. markets. The mainboard Philippine Stock Exchange (PSE) index further climbed, reaching 6,574.21 – up by 2.6% or 166.85 points from Thursday’s close. All counted remained in the green, with the Holding Firms sector gaining the biggest […]
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PH Stocks Jump on IMF’s Growth Forecast

Manila—(PHStocks)—Philippine stocks rally to 6400 level Thursday, 11 July, lifted by the International Monetary Fund’s (IMF) raising its outlook for the country’s economic growth. The benchmark Philippine Stock Exchange (PSE) index jumped by 1.57% or 99.18 points to close today’s trading at 6,407.36. All counters were back in the green, led by the Property sector, […]
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