Stock index ends slightly lower
May 23, 2019
Philippine stocks ended lower on Thursday after the main index gained for four days. The Philippine Stock Exchange index finished at 7,804.03 points, up 0.14 percent. In the broader market, there were 110 decliners, 87 gainers while 53 shares remained
DICT says recent US blacklisting of Huawei will have little impact
May 23, 2019
The Department of Information and Communications Technology (DICT) said the recent blacklisting of Huawei in the US will have little impact. DICT said the local telcos announced they will diversify their present and future purchases. Globe Telecom Inc., in a
Foreign portfolio investment transactions result in net outflows in April: BSP
May 23, 2019
Central bank -registered foreign portfolio investment transactions for April yielded net outflows of $299 million, resulting from gross outflows of $1.3 billion and gross inflows of $990 million, the Bangko Sentral ng Pilipinas (BSP) said Thursday. By instrument, net inflows
Stock index climbs, peso loses ground vs US dollar
May 22, 2019
Philippine stocks rose on Wednesday as the index reached its highest level in two weeks. The peso closed lower against the US dollar at P52.53 from Tuesday’s P52.475. Volume at the foreign exchange portal of the Bankers Association of the
Stock index up, peso advances vs US dollar
May 21, 2019
Philippine stocks closed higher on Tuesday as the main index gained for the third straight session. The peso went up to P52.475 against the US dollar from P52.59. Volume at the foreign exchange portal of the Bankers Association of the Philippines
Stock index advances, peso gains slightly vs US dollar
May 20, 2019
Philippine stocks ended slightly higher while the peso finished a bit higher against the US dollar on Monday. The peso closed at P52.59, four centavos higher from Friday’s close. Volume at the foreign exchange portal of the Bankers Association of
Overall BOP position registers $467 million surplus in April
May 20, 2019
The overall balance of payments (BOP) position posted a surplus of $467 million in April, a reversal of the $270 million BOP deficit in the same month last year, the Bangko Sentral ng Pilipinas ( BSP) said Monday. Inflows in
DOF, DOH to make final push for Congress OK of higher sin taxes on tobacco, alcohol
May 19, 2019
The Departments of Finance (DOF) and of Health (DOH) are making a final push for the outgoing Congress to further raise “sin” taxes on tobacco and alcohol to close a cumulative funding gap estimated at around P426 billion over the
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