Philippines rejects all bids for 6-mth, 1-yr T-bills

MANILA, Philippines (Reuters) – The Philippines’ Bureau of Treasury withdrew its offer to sell 182-day and 364-day T-bills on Monday after rejecting high bids submitted by banks at an auction. The Treasury was planning to raise 2 billion pesos ($47 million) and 3.5 billion pesos from the sale of 182-day and 364-day bills respectively. It earlier awarded 2 billion pesos... 

Window dressing put Philippine stocks on rise

MANILA, Philippines — Window dressing for the first quarter of the year sent the Philippine stock market rallying on Friday. The bellwether Philippine Stock Exchange index gained 0.44 percent or 22.49 points to 5,107.73, while the broader all-share index rose by 0.32 percent or 11.30 points to 3,458.73. Trading volume reached 2.38 billion shares worth 6.54 billion pesos (152.29... 

Investments in Technology and Personnel Key to ASEAN Business Leadership

SCG Presents Strategy to Attain Sustainable Business Leadership in a Regional Environment Manila, Philippines – Companies in ASEAN must move away from a domestic and cost-based paradigm and onto a regional mindset that places importance to high value-added (HVA) products and services. This is the key insight from Kan Trakulhoon, President and Chief Executive Officer of the Siam... 

PHL stocks end down on profit taking

MANILA, Philippines – Profit taking after the Philippine stock market reached a record high sent the index closing lower on Thursday. The bellwether Philippine Stock Exchange index slipped by 0.38 percent or 19.21 points to 5,031.78. The broader all-share index retreated by 0.34 percent or 11.58 points to 3,376.91. Trading volume reached 5.79 billion shares worth 8.03 billion pesos... 

PH shares end up 0.71 pct Thursday

MANILA, Philippines — Philippine shares closed 0.71 percent higher Thursday. The benchmark Philippine Stock Exchange index increased by 34. 83 points to 4,956.19. The all-share index went up by 22.43 points, or 0.68 percent, to 3,347.75. Trading volume reached 4.94 billion shares worth 6.42 billion pesos (149.37 million U.S. dollars). There were 111 gainers, 53 losers while 34 stocks... 

PH shares end 1.92 pct down

MANILA, Philippines (Xinhua) — Philippine shares closed 1.92 percent lower Monday. The benchmark Philippine Stock Exchange index decreased by 93. 71 points to 4,799.29. The all-share index went down by 51.89 points, or 1.57 percent, to 3,259.56. Trading volume reached 6.27 billion shares worth 7.16 billion pesos (167.62 million U.S. dollars). There were 47 gainers, 118 losers while... 

PH shares resume rally on news of Greece bailout

MANILA, Philippines – The Philippine stock market resumed its rally on Wednesday after the news that Greece was able to give its second bailout package. The bellwether Philippine Stock Exchange index gained 0.68 percent, or 33.35 points, to 4,934.29, while the broader all-share index added 0.88 percent, or 29.10 points, to 3,325.70. Trading volume reached 19.50 billion shares worth... 

PH shares rally on China rate cut

by Kristine Liu MANILA, Philippines (Xinhua) — The Philippine stock market rallied to a fresh high on Monday following China’s decision to cut interest rates. The bellwether Philippine Stock Exchange index jumped by another 1.29 percent or 63.13 points and settled at 4,943.84. The broader all-share index also gained 0.97 percent or 32.09 points to 3,316.40. Trading volume... 

Sewing machines help Fijian rural women find new market

SUVA (Xinhua) — Rural women in Fiji who are passionate about sewing through machines donated by China are finding a market for their craft works today. Asena Ratumaiyale, Women’s Group President in Naisogovau, a rural village in Tailevu outside Suva, was grateful to the government for giving them two China-aided sewing machines, while stressing a need for a new market for... 

PHL shares rally Friday on positive U.S. employment data

MANILA, Philippines (Xinhua) — The positive employment data in the U.S. sent the Philippine stock market rallying to a new record high on Friday. The bellwether Philippine Stock Exchange index jumped by 2.39 percent or 114.14 points to 4,880.71, while the broader all-share index gained 1.59 percent or 51.46 points to 3,284.31. Buying was across all six counters, led by the property...