Daily Archives: October 17, 2011

PSEi Performance – Gainers, Losers, Most Active – 10/17/2011

Posted on October 17, 2011 by research

DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO OTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A … Continue reading →

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Economic View: October 17, 2011

Posted on October 17, 2011 by research

The stock market ended last week with a positive, yet unimpressive note on Friday at 4,153.40 points on the close. Looking at the slightly upward movement from the start of the month, the 15-day movement of the market index is … Continue reading →

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CORPORATE DEVELOPMENTS: BASIC ENERGY CORPORATION [pse: BSC]

Posted on October 17, 2011 by research

DC2011-7398 The SEC has approved the incorporation of Basic Goethermal Energy Corporation, a 100% owned unit, that will engage in and undertake the exploration, development, production and utilization of geothermal energy sources, including power generation and transmission and distribution and … Continue reading →

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CORPORATE DEVELOPMENTS: PHILEX MINING CORPORATION [pse: PX]

Posted on October 17, 2011 by research

DC2011-7358 Subsidiary Silangan Mindanao Mining Co., Inc acquired a Certificate of Registration from the B OI as New Producer of Copper Concentrate with Gold and Silver products on a non-pioneer status. This entitles the miner to both fiscal and non-fiscal … Continue reading →

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CORPORATE DEVELOPMENTS: MANILA ELECTRIC CO. [pse: MER]

Posted on October 17, 2011 by research

DC2011-7330 The Company is in the process of studying the feasibility of the 150MW Laguna project estimated to ease an expected shortage by 2014. The project is seen to cost p6.6 billion over a 3-4 year construction period. In addition, … Continue reading →

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CORPORATE DEVELOPMENTS: PETROENERGY RESOURCES CORPORATION [pse: PERC]

Posted on October 17, 2011 by research

DC2011-7328 The Company has signed a Memorandum of Understanding with the Environmental Management Bureau (EMB)-CALABARZON of the DENR establishing the Multi-Partite Monitoring Team (MMT), Environmental Monitoring Team (EMT), Environmental Monitoring Fund (EMF) and the Environmental Guarantee Fund (EGF) for the … Continue reading →

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CORPORATE DEVELOPMENTS: A SORIANO CORPORATION [pse: ANS]

Posted on October 17, 2011 by research

DC2011-7311 DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO OTHERS. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR … Continue reading →

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CORPORATE DEVELOPMENTS: PHILIPPINE NATIONAL BANK [pse:PNB] and ALLIED BANKING CORPORATION [pse: ABC]

Posted on October 17, 2011 by research

PHILIPPINE NATIONAL BANK [pse:PNB] DC2011-7306 ALLIED BANKING CORPORATION [pse: ABC] DC2011-7309 The Board has approved the execution of a Voting Trust Agreement with Oceanic Holding BVI Ltd and Mr. Walter Mix III (nominated trustee) which places all the shares of … Continue reading →

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CORPORATE DEVELOPMENTS: SPC POWER CORPORATION [pse: SPC]

Posted on October 17, 2011 by research

DC2011-7304 The Company confirmed newspaper reports it has won the operations and maintenance contract for the 650-MW Malaya thermal power plant in Pililia, Rizal. The Company presented the only bid of php715 M, together with its subsidiary SPC Light Co., … Continue reading →

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CORPORATE DEVELOPMENTS: ISLAND INFORMATION AND TECHNOLOGY, INC. [pse: IS]

Posted on October 17, 2011 by research

DC2011-7303 The Board of Directors has approved the organization of a lobby group to push for the approval of the Albano-initiated and authored HB 2891 concerning the Company’s mining project in Divilacan, Isabela Province. DISCLAIMER: THE MATERIAL CONTAINED IN THIS … Continue reading →

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