PSE Market Summary:
The Philippine Stocks Market was up by 28.64 or .45% to close at 6,459.99. Total trades reached 32,056 with 99 stocks advances, 69 declines and 47 stocks remaining unchanged.
PSB Posts P2.3B Net Income
Philippine Savings Bank (PSE:PSB) recorded a net income of P2.3 billion in 2012 from P2 billion in 2011. The increase is attributed primarily to the outstanding growth in the loans portfolio.
JFC Targets 4,000 stores
Jollibee Foods Corporation (PSE:JFC) targets 4,000 stores worldwide by 2020 as it continues to expand. JFC plans to unveil a new branch in Singapore for the first time by first quarter of this year.