Domestic trade up in 1Q
Posted on July 8, 2010
Filed Under Domestic Trade | Leave a Comment
Domestic trade transactions in the first quarter of 2010 increased by 26.3 percent to 4.24 million tons from 3.36 million tons compared to the same period of last year.
The National Statistics Office (NSO) said the commodities were traded mostly through water comprising 99.8 percent and 99.7 percent in the first quarter of 2009 and 2010, respectively. Read more
RFM Eyes P700-M Profit in 2010
Posted on July 8, 2010
Filed Under Corporate News | 1 Comment
Food and beverage company RFM Corporation has raised its target net income this year to P600 million to P700 million from the original goal of P500 million, which is already a 37 percent jump over the P365 million in 2009, on the back of strong ice cream and pasta sales.
RFM reported a net income of P320.8 million for the first five months of the year, more than seven times the net income for the same period last year. Read more
Local shares close higher
Posted on June 4, 2010
Filed Under Daily Stocks Summary | Leave a Comment
Local shares closed higher during the weekender trading at the Philippine Stock Exchange, with PSEi going 5 percent up to 3,357.05 in volume.
Gainers topped losers 67 to 43 when the market closed and 58 others remained unchanged for the entire market activity on Friday. Read more
SMPH Leads Top Active Stocks
Posted on June 4, 2010
Filed Under Top Active Stocks | Leave a Comment
SM Prime Holdings, Inc. (SMPH) traded 263,267,800 shares, with a value of P2.8 billion, to lead the top active stocks during the weekender trading at the Philippine Stock Exchange on Friday (June 4, 2010).
SMPH is followed by Banco De Oro Unibank, Inc. (BDO) with 13,886,000 shares traded at a value of P631 million. At number three was Ayala Corporation (AC) with 1,689,000 shares at a value of P550 million. Read more
CEB’s planned P25.73 billion primary and secondary share offering gets nod
Posted on March 20, 2010
Filed Under Public Offerings, Stock Exchange News | Leave a Comment
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings of Cebu Air Inc. (CEB) to allow the airline unit of JG Summit Holdings (operating under the brand Cebu Pacific Air) to raise up to P25.73 billion from the overseas and domestic markets.
Documents filed with the SEC show, Cebu Air is planning an IPO consisting of 125.25 million new shares while current shareholder CPAir Holdings is selling 110.31 million shares plus 35.33 million shares under an over-allotment option. Read more
Prime Media leads top gainers in Stock Market
Posted on March 19, 2010
Filed Under Stock Exchange News | Leave a Comment
Prime Media Holdings, Inc. (PRIM) lead top gainers in Friday’s trading, ending 17.65 percent higher than the previous day’s 1.70, closing the weekender trade with 2.00
The company, which tallies a 52 week high of 3.90 and a 52 week low of 0.20, ended with a volume of 1,000 with a 2,000 value to lead the top 10 top gainers. Read more
Local shares close lower
Posted on March 19, 2010
Filed Under Philippine Stock Market, Stock Exchange News | Leave a Comment
The benchmark Philippine Stock Exchange Index (PSEi) closed 0.12 percent lower at 3,097.23 on Friday, dragging 56 declines and only 37 advances.
While All Shares rose 0.0504 percent, Financials, Industrial, Services, and Mining and Oil dropped relatively although Holding Firms and Property tallied high at market end. Read more
PSE restores requirement for listed firms
Posted on January 30, 2010
Filed Under Stock Exchange News | Leave a Comment
The Philippine Stock Exchange (PSE) board of directors has approved the reinstatement of the rule requiring listed and listing applicant firms to meet a minimum 10 percent public float to maintain their listing status with the Exchange.
The Minimum Public Ownership (MPO) rule has passed through various debates across the terms of various boards of directors of the PSE until 2005 when the rule was revoked as a continuing listing requirement and instead imposed as a requirement only for initial listing and backdoor listing applications. Read more
Phoenix Petroleum seeks financial partner
Posted on December 26, 2009
Filed Under Investment Opportunities | Leave a Comment
Keeping its eye on the ball at becoming a key player among the league of independents in the deregulated downstream oil industry, Phoenix Petroleum Philippines Inc. is prolonging its search for a strategic financial partner that can help it pump up investment portfolio.
Phoenix Petroleum president and chief executive officer Dennis A. Uy said they are scouting for either local or foreign partner which shares the company’s vision of beefing up capital for expansion prospects. Read more
East Asian economies urged to coordinate forex policies
Posted on December 26, 2009
Filed Under Foreign Exchange | Leave a Comment
Emerging East Asian economies must coordinate their foreign exchange rate policies in the face of likely continued appreciation of their currencies next year, the Asian Development Bank said.
The region’s currencies are under increasing pressure to rise as a result of their faster economic turnaround, it said. Read more
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