PSE Market Summary:
The Philippine Stocks Market was down for a 2nd day to close at 5,317.03.
FLI's BPO Office Nears Completion
Property developer Filinvest Land, Inc. (FLI) reports that its latest office building in Northgate Cyberzone is expected to be fully completed by the end of the year. The new building is part of FLI's goal to double its gross leasable area by 2015.
MEG to Raise P 23.1B for New Projects
Property developer Megaworld Corporation (MEG) expects to raise at least P 23.1 billion in sales from new condo projects located in key cities in Metro Manila and Cebu. MEG has at least 6 new condominium projects lined up.
JTH Enter in Swap Agreement with STI
JTH Davis Holdings, Inc. (JTH) executed share swap agreement with STI Education Services Group. The agreement is based on a ratio of 6.5 shares of JTH for every 1 share of STI.