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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 cash dividend for stockholders. Read the rest of this entry »

The Energy Regulatory Commission (ERC) has ordered Manila Electric Company (Meralco) to implement a refund of its net over-recoveries at the rate of P0.0107 per kilowatt hour or a total of P278 million.

“While the reduction to the electricity bill may be minimal, the ERC’s actions actually averted a rate increase that would have been inevitable had Meralco been just allowed to recover what is due it, without the ERC putting it to task to immediately return to the consumers what is due them,” ERC Executive Director and Spokesman Francis Saturnino C. Juan pointed out. Read the rest of this entry »

Jollibee Foods Corporation (JFC) has announced the listing of additional 510,961 common shares starting July 29, 2009. Read the rest of this entry »

Local share prices closed 1.32 percent higher in today’s trading, a day after President Gloria Macapagal-Arroyo delivered her state of the nation address.

All shares recorded 1.34 percent up with industrial stocks soaring 6.73 percent on Tuesday followed by services with .84 percent up. Read the rest of this entry »

First Philippine Holdings Corporation has approved a P187.5-million cash dividend payment for its P4.3-billion Series “B” Perpetual Preferred Shares to stockholders of record as of July 24, 2009, with payment on July 31, 2009. Read the rest of this entry »

Local share prices should be boosted this week by investors building up positions ahead of the earnings reporting season for the three months to June, analysts said. Read the rest of this entry »

Local share prices closed 0.154 percent lower on Monday as weakness in the US market deterred local investors, dealers said. Read the rest of this entry »

Robinsons Land Corporation (RLC) has decided to raise the size of its maiden peso-denominated retail bond issue to P5 billion from P3 billion after strong demand from both retail and institutional investors resulted in an oversubscription

RLC Chairman James Go said in a disclosure to the Philippine Stock Exchange that the company was very pleased with the overwhelming and positive reception by investors to RLC’s debut in the local bond market. Read the rest of this entry »

The Philippine Stock Exchange index was up 0.54 percent on Friday’s trading with all shares ending high with 0.48 increase. Financials suffered a blow and dropped to -0.43 while Industrial stocks rallied to end the day with 1.03 percent up.

Total trades were 6,889 with a volume of 1,031,871,345. There were 51 advances and 45 declines. Unchanged hit 56.

GMA Network Inc. will be holding its Annual Stockholders’ Meeting on May 20, 2009 at 10 a.m. at the Studio 6 of GMA Network Studios, EDSA corner GMA Network Drive, Diliman, Quezon City.

Only stockholders of record as of April 20, 2009 are entitled to attend and vote in the said meeting, GMA’s disclosure to the Philippine Stock Exchange, Inc. revealed.