By Leslie D. Venzon MANILA, April 1 (PNA) — The local stock market rallied to another record close near the 8,000 mark on Wednesday, its 24th this year, bucking the decline in…
Category: Business & Economy
Shareholders approve doubling of Alliance Select’s capital to PHP3B
MANILA, April 1 (PNA) — Seafood producer and exporter Alliance Select Foods International Inc. has secured the approval of majority of stakeholders to double its authorized capital stock to PHP3 billion. The…
TM gains stronghold in prepaid value brand segment
MANILA, April 1 (PNA) — Globe Telecom value brand TM has grown to be one of the most competitive mobile brands in its category after recording double-digit growth in revenues and customer…
Filinvest profit down 4.6% on expansion costs
MANILA, April 1 (PNA) — Gotianun-led conglomerate Filinvest Development Corp. (FDC) posted a slight 4.61-percent decline in profit in 2014 despite higher revenues, pulled down by business expansion expenses. In a statement…
One Network Bank to become subsidiary of BDO
MANILA, March 31 (PNA) — Listed Banco de Oro Unibank Inc. (BDO) will acquire up to 100 percent of the outstanding shares of One Network Bank (ONB), making the rural bank a…
PSE index hits 23rd record close for 2015
By Leslie D. Venzon MANILA, March 31 (PNA) –- Local share prices closed at new record highs for fourth straight day above 7,900 on Tuesday, tracking gains in Wall Street and favorable…
Xurpas buys stake in Singaporean games developer for US$ 1.4-M
MANILA, March 31 (PNA) — Listed consumer technology firm Xurpas Inc. has acquired a 31.52-percent stake in MatchMe Pte. Ltd., a Singapore-based mobile and web tournament games platform, for US$ 1.4 million…
Window dressing, strong macroeconomic fundamentals drive PSEi to 22nd record close
MANILA, March 30 (PNA) — The local stock market surged to a new record for a third day in a row on Monday, climbing near 7,900 for the first time, on the…
ACR sees Php 6.1-B revenues in 2015
By Juzel L. Danganan MANILA, March 30 (PNA) — Alson’s Consolidated Resources Inc. (ACR) expects its revenues to increase to Php 6.1 billion this year with the commercial operations of the first…
Hot money inflows to the PHL remain strong –BSP
By Joann Santiago MANILA, March 30 (PNA) — Foreign investors continue to place their funds in the Philippines, reinforcing economic managers’ confidence that the country remains attractive to offshore investors. Bangko Sentral…
Bullish outlook for stocks seen
By Leslie D. Venzon MANILA, March 29 (PNA) — Investing in Philippine stock market offers tremendous opportunities for potential investors, as domestic sectors continue to benefit from the current macro-economic climate. “We…
Sta. Clara Power to construct hydro projects with 200-MW capacity
By Juzel L. Danganan MANILA, March 29 (PNA) – Sta. Clara Power Corp., a subsidiary of the construction firm Sta. Clara International Corp., is targeting to build more than 12 hydropower projects…
PTT PHLs Corp. ready for Euro 4 implementation by July
MANILA, March 29 (PNA) – The Thai government-owned PTT Philippines Corp. is ready for the mandated Euro 4 standard for diesel and gas products which will be implemented in July 2015, according…
PSE index hits fresh record high
MANILA, March 27 (PNA) –- Local share prices bucked the regional trend by eking out slight gains on Friday to end to its 21st all-time high for the year. The benchmark Philippine…
Absolut Distillers Inc 2-MW solar project to apply for FIT
By Juzel L. Danganan GUIMARAS, March 26 (PNA) — Tan-led Absolut Distillers Inc’s (ADI’s) will apply for the Feed-in-Tariff (FIT) of its 2-Megawatt (MW) solar project in Lian, Batangas. According to ADI…