PHL stocks surge to near 7,200 on election results

May 11, 2016 by · Comments Off on PHL stocks surge to near 7,200 on election results 

By Leslie D. Venzon

MANILA, May 10 (PNA) — The local stock market rallied strongly on Tuesday after weeks of volatile trading, as investors cheered the country’s transparent and speedy election results.

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PSEi extends gains to fifth straight day

April 14, 2016 by · Comments Off on PSEi extends gains to fifth straight day 

MANILA, April 13 — Local share prices extended gains into a fifth day above 7,300-mark on Wednesday, aided by oil market rebound.

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PSEi down 1.47% on concerns about US interest rate

September 29, 2015 by · Comments Off on PSEi down 1.47% on concerns about US interest rate 

MANILA, Sept. 28 — Local share prices retreated for fifth day to 6,800-level on Monday after Federal Reserve chair Janet Yellen signaled a hike in United States interest rates will be possibly raised later this year.

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Globe Telecom’s net income rises to Php 8.7B

August 5, 2015 by · Comments Off on Globe Telecom’s net income rises to Php 8.7B 

By Azer N. Parrocha

MANILA, Aug 4 (PNA) — Telco giant Globe Telecom on Tuesday said its net income reached Php 8.7 billion in the first half of this year, up by 27 percent from Php 6.8 billion in same period last year.

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PLDT net income down 6% at Php18.7B in H1 '15

August 5, 2015 by · Comments Off on PLDT net income down 6% at Php18.7B in H1 '15 

By Azer N. Parrocha

MANILA, Aug. 4 (PNA) –Philippine Long Distance Telephone Co. (PLDT), the country's largest telco, on Tuesday said its net income reached Php 18.7 billion in the first half of the year, down six percent from Php 20 billion in the same period last year.

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Higher enrollment lifts STI Holdings profit by 12% to Php731M

July 16, 2015 by · Comments Off on Higher enrollment lifts STI Holdings profit by 12% to Php731M 

By Leslie D. Venzon

MANILA, July 15 (PNA) — Listed STI Education System Holdings, which owns a network of schools nationwide, posted a 12-percent increase in net income in fiscal year ending March 2015 on the back of higher enrollment figures.

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PHL stocks tumble on profit-taking

April 30, 2015 by · Comments Off on PHL stocks tumble on profit-taking 

By Leslie D. Venzon

MANILA, April 29 (PNA) –- The local stock market sustained its losing streak on Wednesday, as investors pocketed gains ahead of United States Federal Reserve policy meeting.

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BDO Unibank raising Php 5-B from LTNCD issue

March 17, 2015 by · Comments Off on BDO Unibank raising Php 5-B from LTNCD issue 

By Leslie D. Venzon

MANILA, March 16 (PNA) — Listed BDO Unibank Inc. started issuing on Monday another tranche of long-term negotiable certificates of deposit (LTNCD) to raise up to Php 5 billion to support its growth goals.

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Senate hearing on accountability of public officers

March 13, 2015 by · Comments Off on Senate hearing on accountability of public officers 

150312180400Senator Aquilino Pimentel III (2nd from left), Chairperson of the Senate Blue Ribbon Subcommittee, along with Senator Alan Peter Cayetano (left), presides at the public hearing on accountability of public officers in connection with the alleged irregular transactions entered into by the Home Development Mutual Fund and the Boy Scouts of the Philippines and Alphaland Corporation on Thursday (March 12, 2015) at the Senate Bldg. in Pasay City. Also in photo are (from right) Officer-in- Charge of the Commission on Audit (COA) Heidi L. Mendoza; Bureau of Internal Revenue (BIR) Commissioner Kim S. Jacinto-Henares; Chairperson Teresita J. Herbosa of the Securities and Exchange Commisssion (SEC); Hans B. Sicat, President & Chief Executive Officer, Philippine Stock Exchange; former BSP President and Bulacan Gov. Roberto Pagdanganan; and Atty. Wendel E. Avisado, Senior Vice President, Housing & Urban Development Coordinating Council. (PNA photos by Avito C. Dalan)
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Metrobank posts lower profit in 2014 despite higher net interest income

March 3, 2015 by · Comments Off on Metrobank posts lower profit in 2014 despite higher net interest income 

By Leslie D. Venzon

MANILA, March 2 (PNA) — Metropolitan Bank & Trust Company (Metrobank) booked a 10.56-percent decline in profit in 2014, as the drop in operating income and share in net income of associates and joint venture offset higher net interest income and lower operating expenses.

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