The Daily Manila Shimbun

 

PSEi declines, Converge ends lower

October 28, 2020

The Philippine Stock Exchange index (PSEi) ended lower for the second day while newly-listed Converge Information and Communications Technology Solutions lost ground on Wednesday. The PSEi index closed at 6,377.79, down 37.29. In the broader market, however, there were 112

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DOE allows 100% foreign ownership on huge geothermal projects; Infrawatch says it’s unconstitutional

October 28, 2020

Foreigners with at least $50 million capitalization could now own up to 100 percent of large-scale geothermal exploration, development, and utilization projects in the Philippines, according to the Department of Energy. In a statement on Tuesday, Energy Secretary Alfonso Cusi

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PSEi down after six sessions, Converge declines

October 27, 2020

The Philippine Stock Exchange index (PSEi) ended lower after six sessions on Tuesday even as newly-listed Converge Information and Communications Technology Solutions Inc. The PSEi closed 76.11 points lower to 6,415.08. In the broader market, there were 117 losers, 79

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Converge declines as it starts trading at PSE

October 26, 2020

Converge Information and Communications Technology Solutions Inc.  declined as it made a long-awaited initial public offering at the Philippine Stock Exchange (PSE) index on Monday where it was the day’s most traded stock. Converge ICT Solutions closed P1.52 lower to

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Foreign investors with valid visas can enter Philippines starting Nov. 1 – Palace

October 23, 2020

Foreign nationals, specifically investors with existing valid visas, will be allowed to enter the Philippines starting November 1, Malacanang said on Friday. Presidential Spokesperson Harry Roque, in a taped interview in state-run PTV4, said the Inter-Agency Task Force for the

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P46.2B pending at Duterte’s office for his approval, says DBM

October 22, 2020

Some P46.2 billion fund of the Bayanihan to Recover as One Act or Bayanihan 2 is awaiting approval from the Office of President Rodrigo Duterte, the Department of Budget and Management said on Thursday. In a televised press briefing, Budget

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PSEi returns to 6,000-point mark

October 19, 2020

The Philippine Stock Exchange index ( PSEi) returned to the 6,000-point level on Monday after it gained 120.79 points to 6,019.26. In the broader market, there were 125 gainer; s, 76 losers and 46 unchanged. Volume reached 2.48 billion shares

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PSEi declines, peso at P48.625:$1

October 16, 2020

The Philippine Stock Exchange index ( PSEi) declined 39.86 points lower to 5,898.47 but the broader market ended with 118 gainers, 89 losers and 46 unchanged. Volume reached 4.89 billion shares worth P5.64 billion from Thursday’s 1.52 billion shares valued

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