ANGELICA BALLESTEROS, TMT

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The stock market powered past 8,300 on Tuesday to hit a new all-time high, mirroring gains on Wall Street and ignoring the worst mass shooting in US history. The bellwether Philippine Stock Exchange index (PSEi) rose by 0.69 percent or 56.65 points to settle at 8,312.93, the highest since it…

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SBS Philippines Corp. said on Tuesday it purchased 5.4-hectare prime real estate property along J.P. Rizal Street in Mandaluyong City for investment purposes. In a disclosure to the stock exchange, the company said the transaction was made through its 37.25-percent owned Cleon Phils. Holdings Corp. SBS said the 54,598 square…

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VC Securities Corp. officially debuted on the Philippine Stock Exchange on Tuesday as a new trading participant, the newest addition to the bourse’s 132 registered brokers. VC Securities started on August 11, 2017 as a traditional broker and upgraded its service through its online platform on September 11. It was…

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ABOITIZ-led Union Bank of the Philippines plans to raise as much as P70 billion in the next few years from the issuance of long-term negotiable certificates of deposit (LTNCDs) and a euro medium-term note (MTN) program. Union Bank said on Monday its Board of Directors approved the issuance of LTNCDs…

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PRIVATE schools operator STI Education Systems Holdings, Inc. said on Monday that starting fiscal year 2017 to 2018, it is adopting a new dividend declaration policy under which it will declare not less than 25 percent of the company’s core income as dividend. “The Board approved a dividend declaration policy…

SHARES OUTLOOK FOR THE WEEK

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KEY economic data due out soon could dictate price movements as the stock market enters the fourth quarter. “It looks like we’d be going … sideways … because there’s nothing positive this week,” Summit Securities, Inc. President Harry Liu said. News that US President Donald Trump will be visiting the…

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UNIWIDE Holdings, Inc. will be removed from the roster of publicly-listed companies effective October 26, 2017, the Philippine Stock Exchange (PSE) announced on Friday. Uniwide, a holding firm led by the Gow family, was ordered delisted by the PSE following multiple violations, including delayed and non-submission of structured reportorial requirements…

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GLOBAL Ferronickel Holdings, Inc. (FNI) reported on Friday a 78 percent increase in mineral resources at its Cagdianao mine in Surigao del Norte following an exploration program conducted by one of its subsidiaries, Platinum Group Metals Corp. (PGMC). FNI said mineral resources at the Cagdianao Area 3 Deposit (CAGA 3)…

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INVESTORS continued to take profits on Thursday ahead of the end of the third-quarter, with the benchmark Philippine Stock Exchange index losing 0.80 percent or 65,88 points to finish at 8,156.04. The broader All Shares similarly dropped by 0.68 percent or 32.84 points to close at 4,818.25. “I think it’s…

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PHINMA Corp. said on Thursday that it had secured the nod of the Securities and Exchange Commission (SEC) for the incorporation of PhilCement Corp., a new firm to hold its expanded cement business. “Disclosure is updated today to indicate SEC approval for the incorporation of the new company,” Phinma said…

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