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Headline News

MBTC stocks rights offer priced at P75/share

Ty family-led Metropolitan Bank & Trust Co. (MBTC) has priced its stock rights offering at P75 per share, finalizing a P60-billion capital-raising intended to sustain brisk lending activities against the backdrop of a fast-growing domestic economy in the coming years. (7-0)

Metrobank sets final terms for P60-B stock rights offer

2018-03-14 bworldonline
METROPOLITAN BANK & Trust Co. (Metrobank) has set the final terms for its stock rights offering (SRO), through which it looks to raise P60 billion to fund its business operations and expansion. (6-0)

Twelve Filipinos make it to Forbes billionaires club

2018-03-07 bworldonline
HENRY SY, Sr., the founder of the SM Group of Companies, was named the Philippines’ richest man for the 10th straight year, leading 11 other Filipinos in the world’s billionaires’ club, according to an annual ranking published by Forbes magazine. (49-0)

Bourse pulls back from record high on profit taking

2018-01-24 bworldonline
SHARES on Wednesday ended a three-day rally that had seen the main index closing short of 9,000 the day before to mark the year’s sixth peak, as investors pocketed gains. (30-0)

PSEi to reach 9,500 level this year, says brokerage

2018-01-22 bworldonline
RCBC Securities, Inc. sees the market ending at the 9,500 level by the end of 2018, fueled by the continued positive outlook on the Philippine economy. (15-0)

Market gains 1.08%

The local stock barometer yesterday rallied on selective buying of large cap-stocks, led by a rebound in share prices of big banks. (21-0)

Bourse recovers to post weekly gain

2018-01-19 bworldonline
ANTICIPATION of relatively fast Philippine fourth-quarter gross domestic product(GDP) growth and China’s better-than-expected (GDP) expansion for the same period fueled local stocks to recover from two days of decline and end the week up, as Friday saw four of the six sectoral indices close with gains and foreigners remaining net buyers for the sixth straight trading day. (7-0)

PSEi back to 8,900

The local stock barometer rallied on Friday on selective buying of large cap-stocks, led by a rebound in share prices of big banks. (21-0)

GT Capital fully subscribing to Metrobank stock rights

2018-01-19 philstar
MANILA, Philippines — GT Capital Holdings Inc. plans to fully participate in  Metropolitan Bank and Trust Co.’s stock rights offer. (2-0)

PSE index dips, bucks regional trend

The benchmark Philippine Stock Exchange index, weighed down by profit-taking among conglomerates, sank 0.32 percent, or 28.25 points, to 8,820.74. The broader all-shares index was also down 0.11 percent, or 5.6 points, to 5,115.87. (32-0)

GT Capital to subscribe in Metrobank’s SRO

2018-01-18 bworldonline
GT CAPITAL Holdings, Inc. on Thursday told the stock exchange it plans to “fully subscribe” in the stock rights offering (SRO) of its banking arm Metropolitan Bank and Trust Co. (Metrobank). (2-0)

Top 1000 firms show PHL growth story intact

2018-01-02 bworldonline
THE NARRATIVE on the Philippines’ robust economic growth remains intact, judging from the strong earnings performance of the country’s top 1,000 firms. (24-1)

Bourse slips back above 8,300 line on bargain-hunting, tax reform optimism

2017-12-08 bworldonline
THE PHILIPPINE STOCK EXCHANGE Index (PSEi) ended the week higher on bargain-hunting, with sentiment buoyed by progress made in reconciling the House of Representatives’ and Senate’s tax reform legislation at the bicameral conference committee stage. (23-0)

GBPC, Vivant firm up deal to put up coal power plant

2017-12-05 philstar
MANILA, Philippines — Cebu-based Vivant Corp. and Global Business Power Corp. (GBPC) have firmed up their partnership to put up a 670-megawatt (MW) coal-fired power plant in La Union, solidifying their entry into Luzon. (10-0)

A real estate sensation

2017-11-17 bworldonline
Mixed-use developments have become a truly popular concept in the real estate industry in the Philippines. One will be hard-pressed to name a big real estate company that has no mixed-used project — completed, ongoing or planned — of its own. (7-0)

CUSIP: 00B77H110