John Paul Ang, the eldest son of tycoon Ramon Ang, is set to take on a bigger role in diversified conglomerate San Miguel Corp., which his father currently leads.
Share prices fell despite the decision of the United States Federal Reserve to hold rates steady, as local investors were more concerned about the April inflation data. ,
TOP Frontier Investment Holdings Inc., which owns 66 percent of San Miguel Corp. (SMC), said on Thursday it had agreed to sell 45 million common shares worth around P10.86 billion to Far East Holdings Inc.
LAST week Share prices were slightly down, as market weakness permeated for most of the trading days, but recovered on Friday, as investors were elated with the United States Congress’ move to lift the debt ceiling and averted a default. The benchmark Philippine Stock Exchange index fell 18.19 points to…
Last week Share prices fell last week, with the main index dropping to the 6,500-point level, as the renewed hawkishness of the United States Federal Reserve spooked investors. The benchmark Philippine Stock Exchange index declined by 65.49 points to close at 6,589.88 points. Prices were marginally up over the first…
Last week SHARE prices gained last week, the fifth-straight week of increase, as sentiments improved following up-to-par third-quarter corporate reports and as inflation seemed to ease. The benchmark Philippine Stock Exchange index (PSEi) gained 150.61 points to close at 6,437.38 points. The upward streak of the main index was broken only on Wednesday when it
Last week Share prices gained last week as the country’s better-than-expected third quarter GDP print and tamer inflation in the United States boosted sentiment. The benchmark Philippine Stock Exchange index gained 101.24 points to close at 6,286.77 points. The main index was down for three consecutive days since Tuesday, but a late surge on Friday
Last week Share prices gained last week as bargain hunters prevailed during the three-day trading session. The benchmark Philippine Stock Exchange index rose 32.10 points to close at 6,156.11 points. Trading, however, remained sluggish as investors shrugged off the higher inflation rate for October, which came in at 7.7 percent, the highest in 14 years—or