Profit taking expected after last week’s rally

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THE MAIN INDEX may begin declining this week after five consecutive days of increases that caused it to 6,484.06 on Friday. The benchmark Philippine Stock Exchange index (PSEi) gained 139.43 points or...

Ayala Corp to receive P127-M tax credit

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THE Court of Tax Appeals affirmed the award of tax certificate (TCC) to Ayala Corp. value P127 million over its unutilized creditable withholding tax (CWT) for 2012 and 2013.

Investors position on PXP shares after lifting of exploration ban

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PXP ENERGY Corp. (PXP) shares soared last week as investors chose to position some shares after the government decided to lift the ban on gas and oil mining in...

6,400 level reached by PSEi

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THE MAIN INDEX wrapped the week to climb for five consecutive days, compelling it on the 6,400 flat on Friday, its very best finish since June. The PSEi surged at 139.43 points...

Big loss with the City of Dreams operator – Belle Corp

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BELLE Corp., the recorded operator of City of Dreams Manila, shrunk to a loss in the third quarter due to the continued impact of low tourist arrivals along with the ban...

Stockholder approves Pepsi to be delisted from PSE

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Pepsi-Cola Products Philippines, Inc. has secured stockholders' acceptance to delist its shares from the Philippine Stock Exchange (PSE). The business said in a revelation on Friday it has obtained the written approval...

Stocks rise further on improved economic outlook

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In more than three months, THE Key INDEX climbed to its highest level as local and foreign buyers picked up shares on rising hope about the stabilization of the economy. The Philippine...

1.53B raised by SECB after a deal with Thailand’s Krungsri bank

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Lender Security Bank has generated P1.53 billion from the sale of a 50-percent stake in consumer Fund, SB Finance Co., to Bank of Ayudhya or the Krungsri Set of Thailand. But beyond...

PLDT to set more budget for 5G expansion

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PLDT Inc. might set higher funding for expanding its 5G network following year, while also expecting its ability to supply fixed wireless solutions to homes to grow significantly in a couple...

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