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PH shares end up, bargain hunting snaps sell-off

MANILA, Philippines – Bargain hunting after the successive sell-offs during the past session lifted the Philippine stock market on Tuesday. The bellwether Philippine Stock Exchange index gained 0.4 percent or 20.34 points to 5,159.74, while the broader all-share index gained 0.23 percent or 7.92 points to 3,432.76. var addthis_config = {"data_track_clickback":true,"data_track_addressbar":true,"data_track_textcopy":true,"ui_atversion":"300"}; var... 

Rights offering

Manila, Philippines – BDO Unibank Inc. (BDO) announced that the Board of Directors of the Philippine Stock Exchange (PSE) approved BDO’s program to raise up to US$1 billion of additional Tier 1 capital through an equity rights offer (the Offer) of common shares (the Rights Shares) that previously received clearance from the Bangko Sentral ng Pilipinas (BSP).  Read More »

Valuable partner in banking industry

Manila, Philippines – THE Bankers In stitute of the Philippines (BAIPHIL), one of the country’s leading organizations in the pursuit of banking excellence, celebrated another milestone last week. BAIPHIL held its annual Training and Development Week from March 12 to 17, 2012. It is celebrated every year pursuant to Presidential Proclamation No. 1248 declaring the second week... 

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... 

HK publications cite BDO deals

Manila, Philippines – Two Hong Kong-based financial publications have cited BDO Unibank, Inc. (BDO) for its participation in two of the Philippines’ big-ticket acquisition and loan deals in 2011. FinanceAsia has recognized Atlas Consolidated Mining and Development’s $368-million acquisition of Carmen Copper Corp. and named it the Best Philippines Deal in the FinanceAsia...