PHStocks

Chemrez Technologies Inc. (PSE: COAT) has reported consolidated sales of PhP5.8 billion for 2010, up 14% from the PhP5.1 billion in 2009. However, sales volume decreased by 7% from last year, driven by the tough competition in the biodiesel market. Export sales accounted for 17% of total sales at PhP991 million, which is about three times the value of last year’s P328 million. Aggressive overseas marketing boosted the company’s export…

Transactions during February 2011 resulted in a net inflow of $534 million, nearly thrice the $193 million net inflow in January due to lower outflows ($935 million in February 2011 against $1.3 billion in January 2011), according to the Bangko Sentral ng Pilipinas (BSP). The net inflow also represented almost four times the $139 million recorded a year ago due to more registered investments this year, $1.5 billion compared to…

Ayala Corp. (PSE: AC) has reported net income of PhP11.2 billion in 2010, up 37% YoY. Its real estate, banking, water, and auto business all posted record earnings during the year, which cushioned lower earnings of its telecom and electronics manufacturing units. Earnings were boosted by a PhP3.6 billion net gain due to the revaluation of the company’s stake in Manila Water Company Inc. (PSE: MWC) following its purchase of an…

For 2010, the Philippines joined Indonesia as the two strongest performers in East and Southeast Asia in terms of export growth.

Philippine Long Distance Telephone Company (PLDT, PSE: TEL) has signed a construction and maintenance agreement with Japan’s NTT Communications and Singapore’s StarHub to build Asia Submarine-cable Express (ASE), a $430-million next-generation high-bandwidth optical fiber underwater cable system. Telekom Malaysia (TM) signed a separate agreement with NTT Communications in Kuala Lumpur.  The 7,200-kilometer ASE system will link Japan, the Philippines, Hong Kong and Singapore. The system will also connect to Malaysia…