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Philippine Stock Market Updates
Philippine stocks reach new high at past 5,200 MANILA, Philippines—The local stock index soared to a fresh all time-high on Wednesday, closing past 5,200 for the first time, on the back of upbeat sentiment on Wall Street and excitement from the latest gas exploration results in Recto Bank (also known …
- PLDT bags nod to hike Digitel stake PHILIPPINE LONG Distance Telephone Co. (PLDT) is poised to cement a nearly 100% ownership of Digital Telecommunications Philippines, Inc. (Digitel) after corporate regulators yesterday approved the valuation of Digitel bonds ahead of their conversion into…
- Belle Corp. reports P52.5M in Q1 profit MANILA, Philippines—Leisure estate and gaming company Belle Corp. grew its first-quarter net profit by 4.9 percent to P52.47 million on higher interest income, foreign exchange gain and equity in net earnings of associates. In a regulatory filing, Bell…
- Forum Energy: 4.6T cubic feet of gas and 115M barrels of oil confirmed at Recto Bank There are 4.6 trillion cubic feet (TCF) of gas and 115 million barrels of oil and liquids at the Sampaguita Gas Field in Recto Bank, operator Forum Energy Plc said Wednesday. The UK-based oil and gas exploration company said it received the results of …
- Consunji pays P1.58B for Atlas stake The Consunji group has paid P1.58 billion for its 5.3-percent stake in Atlas Consolidated Mining and Development Corp. The purchase of the equity stake was completed on March 29 with a block sale consisting of 95.99 million shares at P16.50 each, based…
- Negros family boosts PBCom capital MANILA, Philippines—Philippine Bank of Communications is getting a fresh equity infusion of P800 million from the Jalandoni group, a low-key Negrense family. The Jalandoni group will buy new shares in the bank at P27.88 per share, the same price at whi…
- Stocks close at fresh record high STOCKS CLOSED at a fresh record high on Wednesday, tracking advances on Wall Street. The Philippine Stock Exchange index (PSEi) rose by 0.68% or 35.24 points to close at 5,204.84, the fifteenth peak since the start of the year. The broader all-share i…
- PHL stocks close to new record high in active trading Philippine shares advanced to new record levels in active trading Wednesday, driven by a liquid market and good news on the domestics front. The market was led by positive news that conglomerates Ayala Corp. and Metro Pacific Investments Corp. have for…
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