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We publish local news that could affect the performance of companies listed on the Philippine Stock Exchange (PSE).

Foreign Banks Foretells Philippines Economic Boost

MANILA, Philippines – Economic growth forecasts for the Philippines were raised by Barclays, HSBC, and Nomura following the country’s robust third quarter. Joseph Incalcaterra, HSBC's economist, stated that the gross domestic product...

Tetangco, Mendoza Resign from PAL, Reasons Undisclosed

Amando Tetango and Estelito Mendoza, both esteemed members of the Philippine Airlines' (PAL) top management and board, have simultaneously resigned from the company, reasons unknown.

Philippine Trade Challenges the Country, Production Keeps Up

According to the Philippine Statistics Authority, sales from exports have dropped by 7.5 percent as opposed to the export sales from the previous year. Data is compared from November 2015 to November...

Megawide Corp Eyes Bidding for Sangley Airport Project

MANILA, Philippines - Last Thursday, the government held a pre-bidding conference in Cavite for the Sangley airport project. One of the interested bidders for the proposed P553-Million project is Megawide Construction...

Bank Loans Grew By 19.7% in March 2017

MANILA, Philippines – Last Tuesday, the Bangko Sentral ng Pilipinas (BSP) reported that the credit growth has jumped by 19.7% in March from February’s 18.1% due to the increase in demand for...

BDO Finalized P60B Stock Rights Offer

MANILA, Philippines – BDO Unibank, Inc. (PSE:BDO) releases the finalization of the terms regarding its stock rights offer worth P60 billion. In a disclosure to the Philippine Stock Exchange (PSE), Elmer B....

ICT Sees Minimum Effect as Contract on Muara Container Terminal Expires

MANILA, Philippines - The contract of International Container Terminal Services, Inc. (PSE:ICT) that involves the company to operate the Brunei port expired. Christian R. Gonzalez, ICTSI Senior Vice-President for Asia Pacific,...

SM Investments Hopes to Close MyTown Minority Stake Acquisition

MANILA, Philippines - SM Investments Corp. (SM) nears closing its buy-in of MyTown's minority stake this year. SMIC hopes to get the minority stake of dormitory builder MyTown of Philippines Urban Living...

DICT Discards P10B Net Capital Requisite for 3rd Telco Player

Yesterday, OIC Eliseo Rio of the Department of Information and Communications Technology said that the office is disposing of the minimum net worth requisite of 10 billion pesos for a third telecommunications company player.

DOE Announces Shell Gasoline Free of Methanol

MANILA, Philippines – Pilipinas Shell Petroleum Corporation (PSE:SHLPH) passes the random inspection done by the Department of Energy (DOE) relative to confirmation that its gasoline is free of Methanol. It was previously...
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DNL Industries Sees Ban on Single-Use Plastics as an Opportunity

DNL Industries' new product is the solution to the looming ban on single-use plastic. Will DNL's stock price go higher because of this?

Philippine Stock Exchange Index: Will End 2019 Between 7400 and 7500?

The Philippine Stock Exchange Index (PSEi) is still experiencing an outflow of foreign funds. Are we going to see the main index above 7,900 or between 7,400 and 7,500 before the end of 2019?

Victorias Milling Co. Saw 7% Net Income Increase Even as Productivity Drops

Listed sugar miller Victorias Milling Co. Inc. saw its net income increase, but revenues and productivity declined. Is this bullish for VMC?

Sangley Airport Development Bid for by MacroAsia Corp-China Communications Construction Co. Tandem

Macroasia Corp and China Communications Construction Co. partnered up to bid for the transformation of Sangley airport. How will this affect the price of MAC in the stock market?

Bank of the Philippine Islands Under Probe for $19.5M Laundering Scandal

The Bangko Sentral ng Pilipinas is currently investigating 10 banks for their alleged involvement in a massive money laundering scandal with Australian Bank Westpac. The Bank of the Philippine Islands is specifically named. Will this negatively affect the stock price of BPI? Who are the other banks?