Local stocks close higher
The Philippine market closed to its highest level on Thursday after Philex Mining Corp. and Manila Electric Co. (Meralco) returned to the limelight.
The bellwether Philippine Stock Exchange index rose by one percent or 30.69 points to close at 3,083.30 on Thursday, while the all share index rallied by 0.67 percent or 12.91 points to [...]
SM eyes overseas public offering for China malls
SM Prime Holdings, the mall development arm of the SM Investments Corporation, is planning to list in an overseas exchange the shares of its wholly-owned unit that owns its China mall operations within five years.
This is according to SMIC and SMPHI chief finance officer Jose Sio yesterday who talked to reporters after he was named [...]
HDMF eyes P12-B private bond placement
State-owned Home Development Mutual Fund (HDMF) prefers to privately place around P12 billion in bonds currently instead of undertaking a public offering of the debt paper, National Treasurer Robert Tan said.
HDMF, popularly known as the Pag-IBIG Fund, may forego a public sale of the bond “to simplify the process”, said Tan. A private placement usually [...]
Lepanto in talks with to Hong Kong-based firm
Publicly-listed company, Lepanto Consolidated Mining Co. said it was in talks to sell a stake to Hong Kong’s First Pacific Co. The Hong Kong-based firm had reportedly completed due diligence.
The report said however that talks had bogged down because Lepanto was only offering a 20 percent stake. First Pacific reportedly wants to acquire all the [...]
CPV, Cebu Holdings declare payment of cash dividends
Cebu Property Ventures and Cebu Holdings Corporation today declared cash dividends of P0.10 and P0.07 per share, respectively, following the regular meeting of its Board of Directors.
Assistant Corporate Secretary Renan Osero, in a letter addressed to the Securities and Exchange Commission and the Philippine Stock Exchange, revealed that the Board of Directors of the said [...]
Stock Market shares close lower today
Local shares closed lower today at -.4717 with a value of 1,886.48. The PSE dropped to -.7567 at end of trading that saw 57 gainers as against the 54 losers and 55 unchanged.
Trades registered 10,474 with a total value of P4.137 billion. HOlding firms remain active as it tallied growth of .6487% while property recorded [...]
Ginebra San Miguel declares cash dividends
Ginebra San Miguel, Inc. has declared a cash dividend of P0.375 per share payable on December 7, 2009 to all stockholders of record as of November 20, 2009.
Ferdinand K. Constantino, Corporate Information Officer, in a letter address to Philippine Stock Exchange Inc. on November 4, 2009, disclosed that the Board at today’s meeting declared the [...]
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