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Scribes to honor Bolick, Fajardo
MANILA, Philippines — Robert Bolick, June Mar Fajardo, and the thrilling Game 6 of the Philippine Cup finals between Meralco and San Miguel are among those to be cited in the 30th PBA Press Corps Awards Night set Sept. 24 at the Novotel Manila Araneta City.
NLEX's Bolick, San Miguel's Fajardo to be feted at PBA Press Corps Awards
MANILA, Philippines — Robert Bolick, June Mar Fajardo, and the thrilling Game 6 of the Philippine Cup finals between Meralco and San Miguel are among those to be cited in the 30th PBA Press Corps Awards Night set September 24 at the Novotel Manila Araneta City.
HK builds on ‘historical friendship’ with Philippines to foster BRI projects despite China tensions
HONG KONG — Despite territorial tensions between the Philippines and China, Hong Kong (HK) officials have reaffirmed their openness to nurturing business opportunities with the Philippines, highlighting the strength of their “historical friendship.”
Another oil price rollback seen next week
MANILA, Philippines — Motorists can expect another round of rollbacks of domestic pump prices next week due to oversupply in the market, as demand remains lackluster.
PSEi (finally) closed above the 7K psychological barrier
The PSEi gained 1.15% yesterday to close at 7,025 [link] and finish the day in the 7000s for the first time since Feb. 6, 2023. The pump was broadly based, with all industry groups finishing in the green, led by Property (+1.4%), Services (+1.3%), and Holding Companies (+1.2%). Foreign players were net buyers for the 9th consecutive trading day; foreign buyers have outpaced foreign sellers on 24 of the past 25 trading days stretching back to July 29. In that time, foreign investors have added P11.2 billion in investments in PSE companies.
Global Ferronickel plans to buyback 2% of shares over three years
Global Ferronickel [FNI 1.25 unch; 11% avgVol] [link] announced that its board of directors approved a buyback program to purchase up to 2% of its outstanding shares on the open market over the next three years. FNI said that it will use “internally generated funds” to make the purchases and that this “initiative is part of the company’s ongoing commitment to enhance shareholder value and reflects the Board’s confidence in the company’s long-term growth prospects.” FNI has 5,125,175,687 outstanding shares trading at P1.25/share at yesterday’s close, so it would take FNI P128 million to complete the full buyback of 102.5 million shares at the current market price.
Oftana's hot shooting lifts TNT over Meralco
MANILA, Philippines -- Calvin Oftana erupted from beyond the arc and towed the TNT Tropang Giga to the solo lead of Group A play in the PBA Governors' Cup with a 108-99 win over the Meralco Bolts Thursday evening at the Ninoy Aquino Stadium in Manila.