The Philippine Stocks Exchange Index rise by 50.69 points or .98% to close at 5,202.84. All subindices closed higher led by financials (1.49%) and mining & oil (1.09%).
DMCI Still Keen on More Acquisitions
Conglomerate DMCI Holdings, Inc. continue to look for opportunities to expand as the company remain optimistic. This include potential acquisition of nickel mines in Palawan, Davao and Zamboanga, as confirmed in PSE disclosure issued today.
Atlas Allots More Fund for Facility Ugrade
Atlas Consolidated Mining and Development Corp. will allocate as much as $105 million for the expansion of its Toledo Complex, operated by subsidiary Carmen Copper Corp. Initial estimates include $50m upgrade for milling facility, $30m for optimization and $25m for additional fleet and mining equipment.
Omico Directors Charged with Estafa
The directors of Omico corporation received a subpoena issued by Mandaluyong prosecutor's office a joint complaint of syndicated estafa filed by Domingo S. Guevara and Reynaldo S. Guevara.