PSE Round-Up: January 2, 2013

PSE Market Summary:

The Philippine Stocks Market was up by 48.26 or .83% to open the year. Total trades were 19,063 with 128 stocks advances, 46 declines and 29 stocks unchanged.

EW Grows Store Network to 245

Eastwest Bank (PSE:EW) has now reached a total of 245 branches after it opened 123 new stores in 2012 in different areas across the country. The bank plans to continue expansion to 350 stores by the end of 2014.

PSE Round-Up: October 16, 2012

PSE Market Summary:

The Philippine Stocks Market was up for the third consecutive trade to close at 5,399.94 points. All sectors were up except holding firms, declining by 26.26. A total of 26,475 trades were recorded with 118 advances, 59 declines and 31 stocks remaining unchanged.

PEC Seeks Partners for Cagayan Project

PNOC Exploration Corp (PSE:PEC) is seeking joint venture partners for the exploration of its Cagayan basin project, known as service contract 37. The prospective partners may acquires a minimum of 51% participating interest to 70%.. PEC currently holds 100% stake in the contract

Global Power Eyes Panay Expansion

Global Power, a member company of GT Capital Group of Companies (PSE:GTCAP) signed an agreement with Formosa Heavy Industries to finalize tits current expansion plans in Panay. The company targets a total power capacity of 150 megawatt.

EW Reach to 188 Branches

EastWest (PSE:EW) remain aggressive on its expansion as it opened three branches last Oct. 10 bringing its total branches to 188.. EW has been one of the fastest growing banks in the country and expects to open a total of 100 branches by 2014.  

PSE Round-Up: August 31, 2012

Market Summary:

The Philippine Stocks Index was up by 46.88 or .91% to close at 5,196.19. All sectors were in the green led by services (1.38%) and industrial (.90%). 

SM Remain Aggressive on Planned Expansion

SM Investments Corp. (PSE:SM) eyes aggressive expansion in China as it plans to build two malls in 2014 and two more per year, depending on retail developments. The initial plan of building one malls per year were revised to accelerate the expansion.

AC to Invest in Power Sector    

Conglomerate Ayala Corp. plans to build an equity investments worth $500 million in the power sector for the next five years. The portfolio will consist of conventional and renewable energy with a target of 1,000 megawatts.

East West issues LTNCDs

Financial company East West Banking Corporation disclosed that its Long Term Certificates of Time Deposits (LTNCD) were approved by the Bangko Sentral ng Pilipinas (BSP). A minimum deposit of P 50,000 in increments of P 10,000 with a minimum maturity of five years and one day to avail of the investment. Interest rate is subject to prevailing market conditions.