Bloomberg News

Metro Pacific Rises Most in 3 Months on Infrastructure Outlook

September 28, 2011

Sept. 29 (Bloomberg) -- Metro Pacific Investments Corp. shares climbed the most in more than three months in Manila on speculation state infrastructure projects will be accelerated after Finance Undersecretary Gil Beltran said the government plans to hasten spending.

Metro Pacific, which has expressed interest in bidding for government projects, jumped 5 percent to 2.75 pesos at 11 a.m. in Manila, set for the sharpest gain since June 17.

DMCI Holdings Corp., the nation’s largest construction company, advanced 1.9 percent to 34.40 pesos. The benchmark Philippine Stock Exchange Index rose 0.2 percent.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Matthew Oakley at moakley@bloomberg.net


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