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Companies

PSE seeks BSP okay to operate on Apec days

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) said it would rather have no extended holidays during the Asia-Pacific Economic Cooperation (Apec) forum that the country will host next month, since the long layoff may affect the current uptrend in the bourse.

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ALI bares bigger plans for Makati business hub

Ayala Land Inc. (ALI) recently unveiled plans for a new commercial, mixed-use development that will transform the entrance of Ayala Center Makati into a modern gateway, with a first-of-its-kind intermodal transport facility designed especially for the commuting public. 

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Metro Pacific hikes Indra stake through Meralco deal worth P365.5M

By Riza Lozada Metro Pacific Investment Corp. (MPIC) acquired 84,012 common shares in Indra Philippines, Inc. (Indra) from the Manila Electric Company (MERALCO) for P365.525 million.Meralco reported to the stock exchange it completed the sale to MPIC noting “the said sale represents 24.95 percent of the outstanding capital stock of Indra and reduces Meralco’s stake therein to 24.95 percent.”The Board of …

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GSIS leads funds buying binge as Asian markets weaken

Pension fund Government Service Insurance System (GSIS) sees huge opportunities from record foreign outflows. 

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Pinoys not aware where nearly half of expenses go

Filipinos lose track of almost half of their average weekly expenses due to what is termed as mystery spending, according to a recent online survey from Visa.

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PBB eyes expansion via merger, acquisition

By Riza Lozada The Philippine Business Bank (PBB) is targeting to increase its reach in the country through a merger with Insular Savers Bank Inc. (Isbi) and the acquisition of Bataan Savings and Loan Inc. PBB informed the Philippine Stock Exchange that it will hold a special stockholders meeting on December 18 to seek approval for the planned acquisition and …

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Malayan raises awareness on fine arts insurance

Malayan Insurance, the country’s No. 1 non-life insurance company, together with Willis Limited, an insurance broking and risk consultancy firm, recently conducted a forum on the fundamentals of art insurance. 

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Net funds outflow first in 27 years–IIF

Net capital flows to emerging markets in 2015 will be negative for the first time since 1988, the Institute of International Finance (IIF) said in a report. 

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Globe secures P5-billion loan with Metrobank for capex

Globe Telecom Inc. has signed a 10-year, P5-billion and seven-year term loan with Metrobank, which it intends to use for capital expenditures (capex). 

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Fisheries sector incurs P20B in postharvest losses yearly

By Riza Lozada Postharvest losses of the fishery sector is estimated at P20 billion a year, but this can be mitigated through the strict implementation of the Republic Act 10654 that limits commercial fishing, Dennis Calvan, executive director of NGOs (non-governmental organizations) for Fisheries Reform Inc., said. 

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