Philippine Stock Market Updates: April 23, 2012

Stock market updates

 

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Philippine stocks gain modestly on selective buying MANILA, Philippines—The local stock index opened the week in positive territory, gaining modestly on the back of selective buying. The main-share Philippine Stock Exchange index gained 6.63 points, or 0.13 percent, to close at 5,163.09. Some stock d…

  • Corporate governance shortlist out in May THE PHILIPPINE Stock Exchange (PSE) will release next month its shortlist of public firms eligible for the first run of the so-called Bell Awards, which recognizes corporate governance efforts. “The committee is now in the process of the validation of en…
  • Highlands expects better 2012 sales HIGHLANDS Prime Inc., a developer owned by the family of businessman Henry Sy Sr., expects to return to profitability this year after seeing sales improved in the first quarter. Following the annual stockholders’ meeting on Monday, Highlands Prime Pres…
  • GMA Network explains board’s bonus FELIPE S. YALONG, Executive Vice President, and Ronnie P. Mastrili, Vice President for finance, at GMA Network Inc. met with this writer on Thursday last week and explained the issues raised in this column on April 17. The two executives of the broadcast …
  • MPIC ‘task force’ to review water, road deals Infrastructure holding firm Metro Pacific Investments Corp. has created a task force to review potential new investments in the water and toll road businesses here and abroad. In a disclosure to the Philippine Stock Exchange on Friday, MPIC, which is c…
  • Bloomberry to offer equity top-up BLOOMBERRY Resorts Corp., the listed casino and hotel venture of businessman Enrique Razon Jr., will proceed with an equity top-up offering by its major shareholder. In a filing to the Philippine Stock Exchange on Monday, Bloomberry said its board appr…
  • RCBC plans to raise P1.15B from long-term deposits MANILA, Philippines–Yuchengco-led Rizal Commercial Banking Corp. plans to raise P1.15 billion from the issuance of additional high-yielding long-term deposits. In a disclosure to the Philippine Stock Exchange on Monday, RCBC said it would issue by May …
  • Basic Energy eyeing four geothermal service deals LISTED Basic Energy Corp. is looking at developing a number of geothermal sites in the country. In a regulatory filing to the Philippine Stock Exchange, Basic said it filed applications for geothermal energy service contracts in four locations classifi…

 

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