http://www.pinoystockmarket.com Philippine Stock Market and Stock Exchange update and status Sat, 30 Jan 2010 14:36:17 +0000 http://backend.userland.com/rss092 en 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 ... http://www.pinoystockmarket.com/20100130-88849-pse-restores-requirement-for-listed-firms/ 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 ... http://www.pinoystockmarket.com/20091226-88846-phoenix-petroleum-seeks-financial-partner/ 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. ... http://www.pinoystockmarket.com/20091226-88844-east-asian-economies-urged-to-coordinate-forex-policies/ Sojitz Group of Japan is planning to invest directly invest in the mining sector through here through long term sourcing of copper concentrates here and eventually investing in an existing copper mine. Trade and Industry Undersecretary and Board of Investments managing head Elmer C. Hernandez , who met with top executives ... http://www.pinoystockmarket.com/20091207-88841-japans-sojitz-group-eyes-mining-investment-in-philippines/ 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 ... http://www.pinoystockmarket.com/20091119-88839-local-stocks-close-higher/ 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 ... http://www.pinoystockmarket.com/20091119-88837-sm-eyes-overseas-public-offering-for-china-malls/ 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 ... http://www.pinoystockmarket.com/20091119-88835-hdmf-eyes-private-bond-placement/ 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 ... http://www.pinoystockmarket.com/20091119-88834-lepanto-in-talks-with-to-hong-kong-based-firm/ 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 ... http://www.pinoystockmarket.com/20091116-88832-cpv-cebu-holdings-declare-payment-of-cash-dividends/ 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 ... http://www.pinoystockmarket.com/20091116-88831-stock-market-shares-close-lower-today/