The local market fell as investors locked in gains while waiting for the US Federal Reserve’s meeting this week. The main index dropped 81.19 points or 1.15 percent to close at 6,970.97 as Miners led the retreat although Banks managed to advance. Volume rose to 1.21 billion shares worth P8.3...
PSE approves Upson's P4.88-B IPO By JAMES A. LOYOLA The Philippine Stock Exchange (PSE) has approved the P4.88 billion initial public offering of Upson International Corporation (Upson), the country’s largest retailer of personal computers (PCs) and information technology (IT) products. In a...
While the local stock market is seen to be consolidating, it will take its cue from the outcome of the US Federal Reserve’s first meeting of the year which will be held this year. “The local market has been moving sideways within the 7,000 - 7,100 resistance range as it is having a hard time...
ABS-CBN corporation announced the launch of MYX Radio, MORe, and TeleRadyo on Malaysia's leading digital radio platform, SYOK of Astro Radio, as part of its endeavor to expand its reach across borders and cultures through various media and platforms. ABS-CBN (Wikipedia) MYX Radio is a 24/7 radio...
The local stock market was up slightly after the US also reported a stronger than expected economic growth rate. The main index added 9.46 points or 0.13 points to close the week at 7,052.16 with the Mining and Oil counter posting the highest rise. Volume was still low at 1.12 billion shares worth...
ABS-CBN Corporation has signed a content localization partnership with PT Vidio Dot Com so that television and other device screens in Indonesia can now play more Philippine series and a drama anthology. In a statement, ABS-CBN said full and select episodes of Filipino programs may be viewed by...
The local stock market weakened despite the announcement of stronger-than-expected economic growth in the fourth quarter as investors sold on news. The main index lost 38.66 points or 0.55 percent to close at 7,042.70 with the Services counter leading all sectors down. Volume remained weak at 1.34...
Solar Philippines Power Project Holdings, Inc. (SP) is opening up subsidiary SP New Energy Corporation (SPNEC) to more strategic partners as it is planning private placements worth about P2.7 billion through asset-for-share swaps. In a disclosure to the Philippine Stock Exchange, SP said the...
SM Investments Corporation is optimistic about its prospects this year as it pushes forward with its expansion and growth plans to reach more communities. “We are investing in the future growth of the Philippines as it continues to present tremendous potential,” SM Investments Corporation...
Food manufacturer Monde Nissin Corporation is acquiring a 15 percent stake in restaurant chains owner Figaro Coffee Group Inc. (FCG) for P820.3 million or P1.00 per share. In a similar disclosures to the Philippine Stock Exchange, the two firms said the transaction shall consist in the subscription...
The local stock market was up on the back of stronger US corporate earnings which translated gains in US equities. The main index rose 39.86 points or 0.57 percent to close at 7,081.36 as the Services sector led the advance with only the Mining and Oil counter retreating. Volume eased further to...
The local stock market declined after a stronger start as investors wait for more economic news, particularly the gross domestic product (GDP) report. The main index lost 28.18 points or 0.40 percent to close at 7,041.50 with only the Industrial sector advancing. Volume dropped to 1.96 billion...
