Peso declines after Monetary Board approves three-stage cut in reserve requirement
May 17, 2019
The peso declined against the US dollar on Friday, a day after the Monetary Board approved a three-stage cut effective of two percentage points in banks’ reserve requirement. The peso closed at P52.63, down 15 centavos from Thursday. Volume at
Monetary Board cuts banks’ reserve requirement in three stages
May 17, 2019
The Monetary Board on Thursday decided to reduce banks’ reserve requirement by 200 basis points, or two percentage points, in three stages starting May 31. The reserve requirement currently stands at 18 percent. The first reduction of 100 basis points,
PSE index closes 1.34 percent lower
May 16, 2019
The Philippine Stock Exchange index closed down 1.34 percent lower or 101.55 points lower, to 7,475.16 points, its lowest since January, on Thursday. In the broader market, there were 116 decliners, 78 gainers and 45 shares unchanged. Volume rose to
Business deals to be signed during Duterte’s visit to Japan, DTI chief says
May 16, 2019
At least 10 business deals are expected to be signed during President Rodrigo Duterte’s visit to Japan later this month, Trade Secretary Ramon Lopez said on Thursday. In a virtual presser in Malacanang, Lopez said two would be memoranda of
Warm reception for the Philippines’ second Panda Bonds issuance
May 16, 2019
The Republic of the Philippines has successfully issued its renminbi-denominated Bonds (Panda Bonds) of 2.5 billion renminbi with a tenor of three years on Wednesday, the Department of Finance (DOF) said Thursday. This is the second Panda Bonds issuance for
Nissan Showroom
May 14, 2019
Tokyo-Visitors look at a Nissan Note Medalist car at a showroom of Nissan Motor Co., Ltd. Global Headquarters in Yokohama, south of Tokyo, Japan, 14 May 2019. Nissan Motor announced on 14 May 2019 it faced an unfavorable global business
PAL parent firm reports lower first quarter loss
May 12, 2019
The parent firm of Philippine Airlines saw a lower comprehensive loss in the first quarter on higher passenger revenues. PAL Holdings Inc. said losses amounted to P60.81 million in the January to March period from P201.63 million in the same
Japan Biz Alarmed at Prospect of Long U.S.-China Trade War
May 11, 2019
Tokyo–Japanese businesses are alarmed at the prospect that the U.S.-China trade war will drag on further, after Washington implemented a massive tariff hike Friday. Many Japanese manufacturers are taking steps to shift production from China to reduce the impact of
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