The Daily Manila Shimbun

 

PSE index higher, peso at P49.01:$1

August 10, 2020

The Philippine Stock Exchange (PSE) finished 84.90 points higher to 5,930.92 points on Monday. In the broader market, there were 125 gainers, 74 losers and 45 unchanged. Volume reached 82.95 billion shares worth P4.88 billion from Friday’s 5.27 billion shares

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PSE index ends lower, peso at P49.041:$1

August 7, 2020

The Philippine Stock Exchange ( PSE) index ended lower on Friday, losing 56.56 points to 5,846.02. But in the broader market, there were 113 gainers,82 losers and 40 unchanged. Volume reached 5.27 billion shares valued  at P10.92 from Thursday’s 7.27

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Yang replaces long-time PLDT spokesman Isberto

August 6, 2020

PLDT Inc. has appointed multi-awarded financial journalist Cathy Yang as its new group head of corporate communications. Yang will replace Ramon Isberto, long time public affairs head of PLDT, who is retiring  after serving PLDT and its wireless subsidiary Smart

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Gov’t subsidizing PhilHealth but agency must improve information system, DOF chief says

August 6, 2020

The national government has earmarked about P80 billion to embattled Philippine Health Insurance Corp. this year, the Department of Finance said on Thursday. While the government has been subsidizing PhilHealth, in a virtual press briefing, Finance Secretary Carlos Dominguez III

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Gov’t shelves eight flagship infrastructure projects

August 6, 2020

The Philippine government has shelved eight flagship infrastructure projects with an estimated cost of P370 billion amid the coronavirus disease pandemic. Presidential Adviser on Flagship Programs and Projects Vivencio Dizon, in a virtual press briefing on Thursday, said the eight

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DBCC revises macroeconomic assumptions for 2020 after double-digit GDP contraction in Q2

August 6, 2020

The inter-agency Development Budget Coordination Committee has further trimmed down its macroeconomic assumptions, including the Philippine economic growth, for this year after the second quarter gross domestic product posted a record double-digit contraction. In the DBCC virtual press conference on

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Stocks, peso shrug off second quarter growth figures

August 6, 2020

Philippine markets shrugged a steep fall in second quarter growth figures on Thursday. The Philippine Stock Exchange (PSE) index closed 69 points higher to 5,902.58. The peso finished at P49.05 against the US dollar from Wednesday’s P49.075.  Volume at the

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PLDT second quarter net income up 16% despite COVID-19

August 6, 2020

PLDT Inc. on  Thursday said its net income grew by 16 percent in the second quarter despite the coronavirus virus disease 2019 (COVID-19) pandemic. The country’s largest telcommunications company said net profit amounted to P6.44 billion in the April to

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