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Bourse confident of hitting P200-B new target capital in 2015

The Philippine Stock Exchange (PSE) is optimistic about hitting its P200-billion target capital to be raised this year despite the weak market, a bourse official said.

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TA wins bid for PSALM power barges for P420M

Trans-Asia Oil and Energy Development Corp. (TA) topped the bid for three power barges each with a capacity of 32 megawatts (MWs) of state power assets holding firm Power Sector Assets and Liabilities Management (PSALM) with an offer of P420 million in cash.

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ERC OKs 17-centavo cut in Meralco rates

By Riza Lozada The Energy Regulatory Commission (ERC) gave the Manila Electric Company (Meralco) a provisional approval to lower its distribution charges by 17 centavos per kilowatt hour (kWh).

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PSE seen at 8,000 before year’s end

The Philippine Stock Exchange index (PSEi) is expected to close the year between the 8,000 and 8,300 level on the back of the country’s strong macroeconomic fundamentals, even amid its roller-coaster ride.

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Sun offers budget phone service to spur revenues

The market outlook for postpaid mobile cellular service is growing with more bundled value-added services at economical costs.

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Globe undisputed leader in postpaid with revenue market share of 57.8%

Globe Telecom has emerged as the No. 1 postpaid brand in the country based on revenue market share, the global metric used in determining market leadership across telcos worldwide.

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Corporate profits up 14% in first quarter

The combined net income of companies listed at the Philippine Stock Exchange (PSE) grew 13.9 percent in the first quarter to P158.28 billion, from P138.96 billion in the same period last year. The increase was mostly driven by significant profit gains in the property and services sectors.

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NGCP’s deficient insurance deal with GSIS costs consumers

By Riza Lozada The absence of an all-purpose reinsurer for the operator of the electricity network National Grid Corp. of the Philippines (NGCP) has contributed to the high cost of electricity, as natural accidents that result in damages in the transmission grid are always charged to electricity users, instead of the state-operated insurer.

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Honda launches scooter customized for Philippine roads

Honda Philippines has launched the New Generation BeAT-FI eSP series as the “Scooter for All,” which has been especially developed for the Philippine and Indonesian markets in 2015 and serves as the latest iteration to the BeAT scooters currently doing well in both countries.

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China, new stock-market behemoth

By Jerry Maglunog Many stock markets in the world are booming. This is a sign that many companies are offering publicly their shares. Wherever you look at Nasdaq, London Stock Exchange and Paris Bourse, the trend is an upswing.

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