PSE Market Summary:
The Philippine Stocks Market was up by 32.49 or .53% to open the week. Total trades were only 22,526 with 88 stocks advances, 69 declines and 51 stocks unchanged.
PX Seeks Temporary Resumption of Padcal
Philex Mining Corporation (PSE:PX) requested the Mines and Geosciences Bureasu for the temporary resumption of its Padcal operation. PX sites the need to generate "2.5 million tons of fresh tails which will fill up the conical void from elevations 560 to 585 ml as part of the rehabilitation activities."
SEVN to Open 300 New Stores
Philippine Seven Corp., operator of 7-eleven convenience stores, plans to open 30 additional stores in Luzon and Visayas areas. The announcement is in line with its expansion program and to take advantage of the rapid increase in economic activities.