PSE Market Summary:
The Philippine Stocks Market end the week on a 4-day slide closing at 5,292.06. PSEi started the week at 5,322.47.
MWC to Adjust Water Rates
The Manila Water Company (PSE:MWC) advises its customers that there will be a .08 per cubic meter upward adjustment due to foreign currency differential adustment (FCDA). The FCDA is a tariff mechanism to account for foreign exchange gains and losses arising from concession loans. The change has no impact on projected net income of MWC.
SCC Receives CoR from Bobog Project
Semirara Mining Corporation (PSE:SCC) received the certificate of registration for its Bobog Mine project. Said project shall function as new producer of coal on a non-pioneer status.
PLDT Issues Fixed Rate Notes
The Philippine Long Distance Telephone Co. (PSE:TEL) issued its P 8.8 billion fixed rate corporate notes to a group of institutional lenders. The securities are composed of 7-year and 10-year notes with yield of 5.6038 percent and 5.6423 percent respectively.