Capital Markets

SM raises P5B from notes issue

MANILA, Philippines - Mall developer SM Prime Holdings Inc. has raised P5 billion from the issuance of fixed-rate notes to partly fund its capital expenditures this year. 

2011 'hot money' down 11.5% on year

MANILA, Philippines - The net inflow of foreign portfolio investments or "hot money" into the country fell in 2011 from the year before amid economic uncertainties overseas, the central bank said.

Stocks hit record for 3rd straight day

MANILA, Philippines - Philippine shares rose and set a third straight record on Thursday, despite spending most of the day down, thanks to gains in property stocks. 

PSEi hits record high

MANILA, Philippines - Local stocks reached an all-time high on Tuesday, taking their cue from global markets, and on expectations of monetary easing by the central bank.

Gov't eyes higher capital requirements for insurers

MANILA, Philippines - After thumbing down the request of non-life insurance companies to suspend a scheduled increase in their capitalization requirements, Finance Secretary Cesar Purisima revealed on Tuesday that the Aquino government plans to further raise these requirements to align them with neighboring countries. 

ICTSI oks terms of unit's follow-on offer

MANILA, Philippines - Listed global port operator International Container Terminal Services Inc. (ICTSI) has approved the principal terms of its subsidiary's follow-on offering of up to $150 million securities. 

PSE's ups and downs in 2011

The Philippine Stock Exchange (PSE) experienced an up-and-down year, but overall analysts say local stocks did well.  Business Nightly, December 30, 2011

US stocks topped rival markets in 2011

WASHINGTON - US stocks outperformed major markets across the globe in 2011 as the S&P 500 made it past the finish line Friday virtually unchanged after one of the most volatile years on record.