FORMER Bangko Sentral ng Pilipinas (BSP) governor Amando Tetangco Jr. has been named chairman of SM Investments Corp. (SMIC) following the retirement of Jose Sio, who will assume the position of the company s chairman emeritus.
Share prices fell last week, with the main index dropping to the 6,500-point level, as the renewed hawkishness of the United States Federal Reserve spooked investors.
Last week Share prices fell last week, with the main index returning to the 6,500-point level, as profit-taking ensued during most of the sessions mainly due to the uncertain outcome of the United States’ debt ceiling issue. The benchmark Philippine Stock Exchange (PSE) index fell 2 percent or 134.35 points…
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