PSE index, peso end lower
May 27, 2019
The Philippine stock index and the peso closed lower on Monday. The peso settled at P52.22 against the US dollar, six centavos lower than Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $633.31
PCC approves Ayala Health’s acquisition of shares in regional pharma chain
May 27, 2019
The Philippine Competition Commission (PCC) has approved the acquisition by Ayala Healthcare Holdings, Inc. (AHHI) of shares in Negros Grace Pharmacy, Inc. (Negros Grace), after looking into how Ayala Group’s healthcare arm will affect the pharmaceutical retail market as its
Japanese Electronics Retailers Divided on Huawei Smartphones
May 26, 2019
Tokyo- Major Japanese home electronics retailers are divided on the handling of Huawei Technologies Co. smartphones, after the United States imposed trade restrictions on the Chinese telecommunications equipment maker. On Friday, Bic Camera Inc. and Yodobashi Camera Co. started to
DOF appeals anew to senators for passage of new sin tax hike
May 26, 2019
Finance Secretary Carlos Dominguez III has made an 11th-hour appeal to senators to speed up the approval of a new “sin” tax reform law that would further impose higher excise tax rates on alcohol and tobacco products to help fill
Japan – US – China
May 25, 2019
A man stands next to a huge advertising of Chinese telecoms giant Huawei in Tokyo on May 25, 2019. (Photo by Kazuhiro NOGI / AFP) Jiji Press
Nomura admits leaking info on TSE listing criteria review
May 25, 2019
Tokyo–Japanese brokerage giant Nomura Holdings Inc. on Friday admitted leaking information regarding the Tokyo Stock Exchange’s review of its listing criteria. Nomura announced the misconduct in a report detailing the results of an in-house investigation of the matter. Koji Nagai,
Stocks end lower, peso gains vs US dollar
May 24, 2019
Philippine stocks ended lower on Friday, but week-on-week the main index closed 2.25 percent higher. The peso finished at P52.16 against the US dollar from P52.50 on Thursday. Volume at the foreign exchange portal of the Bankers Association of the
Economic team announces ”catch-up plan” after slow first quarter growth
May 24, 2019
The Economic Development Cluster (EDC) has agreed on a strategy to catch up on growth target given the four-year low GDP growth rate in the first quarter. “A catch-up plan is imperative. The EDC estimates that the government under spent
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