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Index slides as investors pocket gains

18m philstar
The benchmark Philippine Stock Exchange index (PSEi) retreated 72.63 points to close at 8,348.32, while the broader All Shares gauge lost 28 points, or 0.57 percent, to finish at 4,885.79. (5-0)

As PSEi falls, foreign investors load up

The local stock market was bludgeoned by profit-taking at the start of the week but the pullback only attracted fresh buying of equities among foreign investors. (15-0)

LMG sold to auctioneer’s group

The Chemphil group has sold a controlling stake in subsidiary LMG Chemicals Corp., a shell company deemed suitable for backdoor-listing, to a group that includes an industrial auctioneer. (5-0)

Verdict on Calata out this week

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MANILA, Philippines — The Philippine Stock Exchange (PSE) may issue this week the verdict on Calata Corp., which is facing delisting for allegedly violating the PSE’s disclosure requirements, its president and CEO Ramon Monzon said on Friday. (6-0)

Cusi open to PSE takeover of WESM

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MANILA, Philippines — Energy Secretary Alfonso Cusi is open to a proposal to allow the Philippine Stock Exchange (PSE) operate the country’s trading floor for electricity. (5-0)

2 provincial airports lead SSS infra investment plan

2017-10-22 philstar
MANILA, Philippines — State-run Social Security System (SSS) has identified two provincial airports for its infrastructure investments as part of efforts to support the Duterte administration’s massive infrastructure program. (5-0)

ALI retires P8-M Homestarter bonds

2017-10-21 philstar
MANILA, Philippines — Ayala Land Inc. has already retired P8 million in Homestarter Bonds as of Oct. 18. (10-0)

Anscor sells US-based medical staffing firm

2017-10-21 philstar
MANILA, Philippines — A. Soriano Corp. (Anscor), through its wholly-owned British Virgin lsland company Q Healthcare lnvestments Ltd. has sold its entire stake in a medical staffing firm to a US-based fund manager for $36.85 million. (7-0)

Anscor sells stake in US-based firm for $36.85M

Holding firm A. Soriano Corp. (Anscor) has raised $36.85 million from the sale of its US healthcare staffing business under Cirrus Holdings. (5-0)

PH equities down on continued profit-taking

The local stock barometer faltered on Friday as investors reassessed gains from the recent run-up to all-time highs. (5-0)

Del Monte Pacific selling $160 M preferred shares

2017-10-20 philstar
MANILA, Philippines — Del Monte Pacific Ltd (DMPL), listed in both the Singapore and Philippine stock exchanges, is raising $160 million from a second tranche of its dollar-denominated shares. (11-0)

Stocks resume upward trend

2017-10-20 philstar
MANILA, Philippines — Share prices recovered yesterday after profit taking prevailed on Wednesday, which in turn capped the market’s winning streak. (12-0)

Harbor Star Shipping acquires 3 energy firms

2017-10-19 philstar
MANILA, Philippines — In a disclosure to the Philippine Stock Exchange (PSE) yesterday, Harbor Star said its wholly owned subsidiary Harbor Star Energy Corp. (HSEC) approved the purchase of 60 percent of Astronergy Development Gensan Inc., Astronergy Development F1 Inc. and Astronergy F2 Inc. from the major shareholders of these companies. (5-0)

BPI raising P30 B from LTNCD issue

2017-10-19 philstar
MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) is raising P30 billion from the issuance of long-term negotiable certificates of time deposits (LTNCDs) to support the bank’s expansion plans and at the same time diversify its funding sources. (10-0)

BPI plans LTNCTD offer

2017-10-19 bworldonline
THE Bank of the Philippine Islands (BPI) will soon offer long-term notes to fund expansion plans and diversify its portfolio, after securing regulatory approval for the issuance. (11-0)

Harbor Star acquires energy company

2017-10-19 bworldonline
HARBOR STAR Shipping Services, Inc. is marking its entry into the power sector with the acquisition of a 60% stake in an energy firm with interests in Mindanao. (5-0)

Metrobank set to buy out ANZ’s stake in credit card joint venture

2017-10-19 bworldonline
METROPOLITAN Bank & Trust Co. (Metrobank) is set to buy out a minority shareholder in a credit card joint venture for P14.8 billion, which will give it full ownership of the firm. (5-0)

Datem targets revenue increase

2017-10-19 bworldonline
DATEM, Inc., one of the country’s fastest growing construction companies, is targeting to increase its revenues by 10% every year until 2020 as it diversifies into sectors where it expects strong prospects for expansion, its top official said. (5-0)

Cirtek targets to grow Quintel revenues to $500M

2017-10-19 bworldonline
CIRTEK HOLDINGS Philippines Corp. (CHPC) is looking to grow revenues of United States-based antenna firm Quintel to $500 million in the next three to five years.  (14-0)

Peso declines on strong US data, dollar demand

2017-10-19 bworldonline
THE PESO grew weaker yesterday as the dollar picked up steam on the back of improving factory output in the United States, coupled with domestic corporate demand and profit taking which pushed the currency lower. (5-0)

Harbor Star diversifies into energy business

Tugboat and marine service provider Harbor Star Shipping Services Inc. has diversified into the energy business with the acquisition of a controlling stake in a group of companies with interests in power generation and distribution in Mindanao. (5-0)

‘Overdue’ correction brings stock index down .78%

The local stock barometer succumbed to profit-taking yesterday after scaling new heights and testing the 8,500 barrier. (10-0)

PH a fourth-world country?

The new president and chief executive of the Philippine Stock Exchange (PSE), Ramon S. Monzon, was the guest speaker in the recent annual general membership meeting of the Shareholders’ Association of the Philippines (SharePHIL). (14-0)

Shares retreat from record high on profit taking

2017-10-18 philstar
MANILA, Philippines — The stock market succumbed to profit taking yesterday after testing the 8,500 level. (5-0)

PSEi pulls back from record highs

The local stock barometer succumbed to profit-taking on Wednesday after scaling new heights and testing the 8,500 barrier. (10-0)