Philippine stocks slip as investors avoid high prices

psei 5.9.12

MANILA, Philippines—Local stocks slipped on Wednesday as lofty prices dissuaded many investors to load up on equities while the rest of the region turned cautious on the eurozone. The main-share Philippine Stock Exchange index shed 27.27 points, or 0.52 percent, to 5,214.79 as fears over the break-up in the eurozone added to profit-taking pressures. Source: […]

Philippine Bonds Gain Before 10-Year Debt Auction; Peso Steady

bonds

Philippine bonds advanced on speculation the government won’t allow borrowing costs to rise at an auction of 10-year debt today. The peso was steady. The government last sold securities due 2022 at an average yield of 5.159 percent in March. Bangko Sentral ng Pilipinas is unlikely to change its monetary-policy stance soon, Governor Amando Tetangco […]

Optimism may push market even higher

Philippines-businessnews-map

STOCKS ARE expected to move within a narrow range this week, albeit with an upward bias, with investors likely to retain some momentum after the market notched two new record highs last week. The Philippine Stock Exchange index (PSEi) rose by 1.16% to 5,156.46 last Friday from 5,097.30 the week prior. The broader all-share index […]

Sun Life Asset Management Company, Inc. (SLAMC)

Sun Life Asset Management Company, Inc. (SLAMC) is the fund manager and principal distributor of the Sun Life Prosperity Funds and is a wholly-owned subsidiary of Sun Life of Canada (Philippines), Inc. (SLOCPI). SLAMC acts as the adviser, administrator, and provides management, and all required operational services for the family of the Sun Life Prosperity […]

ATR KimEng Asset Management, Inc.

atr kimeng

The ATR KimEng Asset Management Group (ATR AM or ATR AM Group) operates through ATR KimEng Asset Management, Inc. (ATR AM MF) and the Trust Department of Maybank ATR Kim Eng Capital Partners, Inc. (Maybank ATR KE Capital – Trust). In 2009, the ATR KE Group decided to expand its presence in the fast growing […]

San Miguel bets $500M on air travel, tourism growth

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San Miguel Corp., the Philippines’ most diverse conglomerate, said it is buying minority stakes worth a total $500 million in flag carrier Philippine Airlines and a sister airline, extending its business reach as it seeks to outgrow the local economy. The deal is the first partnership between San Miguel and its main brewing rival, billionaire […]

BPI Asset Management, Inc.

BPI Asset Management

BPI Asset Management, Inc. is one of the largest institution in the investment management community in the Philippines. Anchored on BPI’s 160 years in banking and finance, BPI Asset Management has a long track record of managing assets of both institutional and individual investors through innovative investment products and solutions considered to be the most complete […]

PAMI mutual funds breach P20-B mark

MANILA, Philippines – The Philam Asset Management Inc. (Pami) has reported assets under management (AUM) worth P20.177 billion as of March 15 this year, roughly nine percent higher than the P18.6 billion in 2011. Pami is a subsidiary of the Philippine American Life and General Insurance Co. (PhilamLife), the leading insurance company and major financial […]

Philippine market rebounds in heavy trading

MANILA, Philippines—The local stock index rebounded in mixed trade on Thursday as quarter-end window-dressing activities prevailed over a cautious global sentiment. The main-share Philippine Stock Exchange index added 17.58 points, or 0.35 percent, to finish at 5,085.24. The financial, industrial and holding firm counters kept the local bourse afloat, making up for the slack in […]

PSE boasts of strong PH economy in Singapore roadshow

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The Philippine Stock Exchange, Inc. (PSEi) and Bloomberg L.P., a multinational financial news corporation held a PSE Roadshow at the Bloomberg Auditorium in Singapore on March 15. Entitled “Eye on the Philippines,” the roadshow drew close to a hundred attendees from Singapore-based banks, asset managers and investment houses, according to a press release by the […]