Provisions in PHL-China loan accords standard in all other agreements: DOF
April 17, 2019
Provisions in the loan agreements entered into by the Philippines with China are standard in all loan accords signed by the country with other states and even with multilateral institutions such the World Bank and the Asian Development Bank (ADB),
Share index up, peso declines
April 16, 2019
The main share index rose but the peso declined against the US dollar on Tuesday. The peso closed at P51.765 against the US dollar from Monday’s P51.64. Volume at the foreign exchange portal of the Bankers Association of the Philippines
No takeover of Philippine assets in China loans, say DOF execs
April 16, 2019
The Department of Finance (DOF) has allayed misapprehensions over a possible Chinese takeover of the Philippines’ patrimonial assets. ”There is no provision in the loan agreements signed between the two countries under the Duterte presidency that includes any form of
Stock index down, peso hits P51.64:$1
April 15, 2019
The main Philippine share index declined but the peso gained against the US dollar on Monday. The peso finished at P51.64 from Friday’s P51.765. Volume at the foreign exchange portal of the Bankers Association of the Philippines amounted to $581
Dominguez urges ASEAN to share efforts in foiling global terrorism financing schemes
April 14, 2019
The Philippines has underscored the need for member-states of the Association of Southeast Asian Nations (ASEAN) to share efforts and initiatives in deterring money laundering schemes, which have been proven to be among the primary tools to fund international terrorist
PAL Holdings report 38.3% fall in net losses in 2018
April 14, 2019
PAL Holdings Inc. reported a 38.3 percent drop in net losses last year on higher passenger and cargo revenues. The parent firm of Philippine Airlines (PAL) posted a comprehensive net loss of P2.8 billion in 2018 from P4.6 billion losses
DA to lobby Japan to lift stricter tests for chemical residue on bananas
April 13, 2019
Agriculture Secretary Emmanuel Piñol will lead efforts to lobby the Japanese government to lift stricter tests for chemical residue and ensure faster access of Philippine banana exports to Japan. Piñol said he will handle the request by the Pilipino Banana
G-20 Officials share worries about U.S.-China trade dispute
April 12, 2019
Washington–Finance ministers and central bank governors from the Group of 20 economies shared worries about a prolonged U.S.-China trade dispute at their two-day meeting that began in Washington on Thursday. Participants examined risk factors amid growing concerns over a global
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