GMA Network Allocates P20Bn+ for Three-year Capital Expenditures and Content Cost

GMA Network, Inc.’s (GMA7’s) disclosure on January 7, 2021 as posted on the PSE Edge: “GMA Network allocates over P20 billion for CAPEX, content cost for 2021-2023: Goes all-out on content production, digital TV expansion Quezon City, Philippines – GMA Network, Inc., the Philippines’ largest TV network, is going all-out as it earmarks more than

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Meralco Acquires Additional 20% Equity in PowerSource First Bulacan Solar, Inc.

In its disclosure to the Philippine Stock Exchange on January 7, 2021, Meralco (ticker symbol: MER) said PowerGen Corporation (MGen) acquired additional 20 percent equity in PowerSource First Bulacan Solar, Inc. (PowerSource) through its wholly-owned subsidiary MGen Renewable Energy, Inc. The transaction increases MGen’s’s indirect holdings to 60%; MGen is a 100% subsidiary of Meralco.

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PSEi Closed the Week at 7289.88

PSE Index as of January 08, 2021. The Philippine Stock Exchange Index (PSEi) closed strongly today, the last trading day of the week, at 7289.88. That’s 2.39% up from yesterday’s close of 7119.61 and 2.10% up from the December 29, 2020 close of 7139.71. The PSEi breached the minor resistances of 7211 and 7281, both

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MERALCO PowerGen Corporation acquires 86% stake in Global Business Power Corporation

Meralco disclosed on December 28, 2020 the substantial acquisition of Global Business Power Corporation by Meralco Powergen Corporation. The disclosure was posted on the PSE Edge website as follows: “MERALCO PowerGen Corp. (“MGEN”), a wholly-owned power generation subsidiary of Manila Electric Company (“Meralco”) entered into share purchase agreements with Beacon Powergen Holding Inc. (“BPHI”), a

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PSE Index Closed the Year at 7139.71, -7.8% YTD

The Philippine Stock Exchange Index (PSEi or PSE Index) ended the year today at 7139.71, up 0.25% from yesterday but down 8.6% year-on-year and 7.8% in the red year-to-date (YTD). For more details, please visit the PSE website at https://pse.com.ph/stockMarket/home.html. Resistance and Support: The market continues to trade within the 6740-7211 range as shown in

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Best2Invest’s Dividend Stocks

Best2Invest’s dividend stocks: As the end of the year approaches, a common concern by investors, both veterans and greenhorns, is determining the best stocks to carry in their portfolio for the upcoming year. Best Philippine Stocks for 2021: Dividend-yielding Stocks Happy new year! Happy new year, indeed! We will have a brand new year very

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