Company Overview and News

Most SE Asia stocks up, Philippines hit year low on heavy foreign selling

2018-04-19 themalaymailonline
Thai shares are up by as much as 0.7 per cent supported by strong gains in energy stocks. — Reuters pic SINGAPORE, April 19 — Philippine shares plummeted to their lowest in a year on Thursday on heavy foreign selling while most other South-east Asian stock markets rose on the back of strong commodity and crude oil prices.
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Singapore gains after monetary tightening, most South-east Asia fall to profit taking

2018-04-13 themalaymailonline
Singapore shares jump as much as 0.8 per cent to a three-week high, led by gains in financials. — Reuters picSINGAPORE, April 13 — Singapore shares rose today after its central bank tightened monetary policy for the first time in six years saying its economy is expected to continue growing steadily, while most other South-east Asian stock markets slipped.
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Most SE Asia stocks slip as Syria conflict worries dampen sentiment

2018-04-12 themalaymailonline
Singapore’s central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth seen solid enough to shift away from a stance associated with periods of acute weakness. — Reuters picNEW YORK, April 12 — Most Southeast Asian stock markets eased today as worries of potential US military action in Syria soured risk appetite.
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MSCI-indexed PH consumer fund launched

The First Metro group rolled out on Wednesday a new mutual fund that allows long-term investors to bet on the Philippine consumer growth story by investing in a pool of companies based on MSCI-derived index.
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Inflation surge, US-China trade row weigh on sentiment

2018-04-06 bworldonline
FRIDAY saw local equities cut short a slight recovery earlier in the session as the country’s quickening inflation and a worsening US-China trade row dampened investor confidence.
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IKEA partners with mall operator SM Prime for first Philippines store

2018-04-06 channelnewsasia
Global furniture retailer IKEA AB will in 2020 open its first store in the Philippines located at one of the world's biggest shopping malls, mall operator SM Prime Holdings Inc said on Friday.
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IKEA partners with mall operator SM Prime for first Philippines store

2018-04-06 reuters
MANILA (Reuters) - Global furniture retailer IKEA AB [IKEA.UL] will in 2020 open its first store in the Philippines located at one of the world’s biggest shopping malls, mall operator SM Prime Holdings Inc (SMPH.PS) said on Friday.
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Ikea partners with mall operator SM Prime for first Philippines store

2018-04-06 themalaymailonline
The logo of Ikea is seen above a store in Voesendorf, Austria, April 24, 2017. — Reuters picMANILA, April 6 () – Global furniture retailer Ikea AB will in 2020 open its first store in the Philippines located at one of the world’s biggest shopping malls, mall operator SM Prime Holdings Inc said today.
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Most South-east Asian markets subdued with broader Asia, Vietnam hits new high

2018-04-04 themalaymailonline
Vietnam shares climbed over 1 per cent to a record high. — File picSINGAPORE, April 4 — Most South-east Asian stock markets were subdued today as fears of a trade war escalated after the United States announced additional tariffs on imports from China, while Vietnam shares scaled a new high.
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Rules clarifying REITs’ VAT status out; public ownership unresolved

2018-04-01 bworldonline
THE GOVERNMENT has released three new implementing regulations in connection with the Tax Reform for Acceleration (TRAIN) law, including the tax treatment of properties transferred to Real Estate Investment Trusts (REITs), an issue which has delayed the development of the sector for nearly a decade.
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Stock index ends below 8,000 mark

The benchmark Philippine Stock Exchange Index (PSEi) again slid below 8,000 ahead of the Holy Week break, tracing the decline in Wall Street overnight.
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PH stocks rebound, back to 8,000 level

Philippine stocks rebounded with the rest of the region on Tuesday as worries over a trade war between the United States and China eased.
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PSE index rebounds as investors pick up bargains

2018-03-27 bworldonline
SHARES bounced back past the 8,000 level on Tuesday, with investors going bargain hunting after the main index dipped below record territory in previous weeks. The 30-member Philippine Stock Exchange index (PSEi) recovered from a two-day slump today, gaining 1.44% or 114.65 points to close at 8,047.03.
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Stocks bounce back as investors hunt for bargains

2018-03-27 bworldonline
Shares bounced back past the 8,000 level on Tuesday, March 27, with investors going bargain hunting after the main index dipped below the record territories in previous weeks.
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Osmeña on Aguirre accusation: I never got a cent from drug lord

Cebu City Mayor Tomas Osmeña on Monday said he never got a cent a drug lord even if the late Jeffrey Diaz alias “Jaguar” sent an emisary to him offering money in the last election.
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