Philippine aviation services firm's stock up 400% this year
Shares of Philippines-based aviation services firm MacroAsia led by billionaire Lucio Tan surged 400% this year. It's the top performer among the 274 equities listed on the Philippine Stock Exchange, with its market value approaching $300 million. MacroAsia expects its businesses like airline catering and baggage handling to benefit from government's plans to attract more international travellers.