Philippine stocks ended in the green for a second straight session, bringing it closer to the index’s previous all-time high on May 15, but some analysts remained unconvinced that this was the start of a new uptrend.
Trans-Asia Oil and Energy Development Corp. has secured a “declaration of commerciality” certificate from the Department of Energy for its planned 54-megawatt wind farm in San Lorenzo, Guimaras.
Bank of the Philippine Islands is set to roll out this week a new unit investment trust fund (UITF) that will track the main-share Philippine Stock Exchange index, riding on strong investor appetite for equities.
The 15-member Philippine Stock Exchange (PSE) board led by chair Jose Pardo and president Hans Sicat has obtained a fresh mandate from stockholders for another one-year term as guardians of the bullish local stock market.
The 15-member Philippine Stock Exchange board led by bourse chairman Jose Pardo and president Hans Sicat obtained a new mandate from stockholders for a fresh one-year term as guardians of the bullish local stock market.
The Rebisco group’s banking arm, Asia United Bank, debuted strongly on the Philippine Stock Exchange on Friday as investors bet on the company’s robust growth prospects.
The Rebisco group’s banking arm, Asia United Bank, debuted strongly on the Philippine Stock Exchange on Friday, bucking the generally sluggish market, as investors bet on growth prospects for the years ahead.
Investors loaded up on stocks of big local companies on Tuesday in the aftermath of the country’s mid-term elections, bringing the main index beyond the 7,300-mark for the first time.
Most local stocks trekked higher for a second session on Thursday on upbeat US stock markets and optimism over local first quarter earnings.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., has bagged three new contracts to explore and develop prospective coal blocks in Mindanao.
Online trading of local stocks is growing at a double-digit pace as more retail investors discover equities as an investment outlet in this record-low interest rate regime, thus boosting the Philippine Stock Exchange’s bid to bring more stockbrokers online.
The Philippine Stock Exchange has approved new guidelines governing cash-strapped companies, incorporating red alerts in a bid to provide “additional safeguards to minority stockholders” before such problematic issuers succumb to bankruptcy.
