PSE Market Summary:
The Philippine Stocks Market was up forthe 2nd straight trade, increasing by 117.34 or 1.86% to breach the 6,400 mark. Total trades were up to 34,192 with 130 stocks advances, 50 declines and 35 remained unchanged.
MPI to Spend P36B This Year
Metro Pacific Investments Corp (PSE:MPI) plan to spend a third more of what it spent last year, primarily to boost the capacities of its water and electricity utilities. The budget, approximately amounting to P36 billion, shall help boost MPI's investing target for the coming year.