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PSE Index February 22, 2012

Close: 4934.29 Change: 33.35

Volume: 19.499 billion shares Value: P9.117 billion

Philippine shares close higher, buck Asian downtrend

Latest

Kodak is out of the picture at Oscars 9:02AM

Global Markets: Stocks ease on growth concerns, oil at 9-month high 6:49AM

DOLE: Too many holidays not good for economy, workers' pay 5:49AM

Boeing says 'fixable flaw' may affect 55 Dreamliners 4:39AM

Money & Banking

OFW remittances from Mideast, Asia to make up for any Europe dip – Metrobank

Reduced money transfers from overseas Filipino worker in Europe this year will be “offset by the expected growth in remittances from the Middle East and Asian countries,” the Metropolitan Bank & Trust Co. said Wednesday.

OFW remittances from Mideast, Asia to make up for any Europe dip – Metrobank

PSBank president’s testimony at impeachment trial inaccurate - AMLC

World interbank system 'ready' to exclude Iran banks

Philippines sells over P49.6B worth of retail treasury bonds

The Philippines sold P49.618 billion worth of retail treasury bonds (RTB) during Tuesday’s auction, according to the Bureau of the Treasury.

Global Markets: Stocks ease on growth concerns, oil at 9-month high

DepEd bats for 9,332 new classrooms by 2013 under PPP scheme

Philippine shares close higher, buck Asian downtrend

Ayala Land approves capital restructuring to meet foreign ownership rule

Property developer Ayala Land Inc. will go on capital restructuring to meet the foreign ownership limits for Filipino companies.

Kodak is out of the picture at Oscars

Boeing says 'fixable flaw' may affect 55 Dreamliners

PSBank to pay stockholders 1.5% cash dividend

PHL tries new tack: 'Healthy man of Asia'

Philippines, the perennial "sick man of Asia," rarely looked healthier and investors are placing their bets. Its stock market, the best performer in Asia last year, is up nearly 13 percent this year to a record high Monday. Overseas buying of Philippine stocks hit a record $938 million in the fourth quarter, and the pace has quickened this year, according to TrimTabs Investment Research.

DOLE: Too many holidays not good for economy, workers' pay

Obama proposes to cut corporate tax rate to 28%

PSE introduces stability mechanisms in index composition

NFA: Raising palay support price now could encourage smuggling

While the world market price of rice is low, National Food Authority (NFA) Administrator Angelito Banayo said raising the support price of palay now “could encourage smuggling” and keeps him from recommending the price hike to the NFA Council.

NFA: Raising palay support price now could encourage smuggling

NFA might move rice imports bidding to March

PHL for first time to try to close illegal mines