Retailer Puregold Price Club Inc. has settled a P5.09-billion debt issue ahead of maturity as a change in the tax treatment on proceeds from these securities will otherwise make debt servicing costlier than originally envisioned.
First Metro Investment Corp., the investment banking arm of the Metrobank group, posted a 134-percent year-on-year jump in its first quarter net profit to P2.3 billion.
An organizational restructuring at the Department of Energy is apparently leaving some employees “demoralized to the point of wanting to resign.”
First Metro Investment Corp., the investment banking arm of the Metrobank group, is set to sponsor an exchange traded fund (ETF) to which it will provide seed capital of P250 million.
The Metrobank group’s investment banking unit First Metro Investment Corp. has started the process of delisting from the roster of the Philippine Stock Exchange and hopes to complete its exit by Dec. 17.
The Philippine economy is likely to sustain a 5-6 percent growth in the fourth quarter given the government’s leeway for fiscal spending, the strong remittance inflows from overseas and easy monetary policy, a joint research by First Metro Investment Corp. and University of Asia and the Pacific said.
First Metro Investment Corp., the investment banking arm of the Metrobank group, listed on Wednesday morning P7 billion worth of corporate bonds on local fixed income exchange Philippine Dealing and Exchange Corp. (PDEx).
First Metro Investment Corp., the investment banking arm of the Metrobank group, grew its first-semester profit by 76 percent to P1.9 billion from year-ago level.
First Metro Investment Corp., the investment banking arm of the Metrobank group, plans to raise P5 billion from the offering of additional retail bonds in the second semester to fund expansion plans.
For the seventh straight year, Security Bank has won the 2011 “Best Securities House” also known as the Cesar EA Virata Award, given annually by the Philippine Dealing System Holdings Corp. and Subsidiaries group for the banking category.
GT Capital Holdings on Tuesday announced that it would sell shares to the public at P455 apiece, pricing the Philippines’ first initial public offering for 2012 at the middle of the targeted price range, for a stock market debut worth up to P21.6 billion.
First Metro Investment Corp., the investment house of the Metrobank group, grew its consolidated net profit last year by 28.8 percent to P2.2 billion on higher treasury and investment banking revenues.
