PH economy to grow at slower pace if budget impasse not resolved soon, economic team warns
March 13, 2019
The Philippine economic growth could slowdown to 4.2 to 4.9 percent if the impasse on the proposed P3.757-trillion budget for this year would not be resolved, President Rodrigo Duterte’s economic team warned on Wednesday. The economic managers urged Congress to
Peso declines 50 centavos to end at P52.70:$1
March 12, 2019
The peso lost 50 centavos to close at P52.70 against the US dollar while stocks ended mixed on Tuesday. This came as Bangko Sentral ng Pilipinas Governor Benjamin Diokno told ANC “if there’s a need” to ease rates, it could be
RCBC files suit vs Bank of Bangladesh for defammation
March 12, 2019
Rizal Commercial Banking Corporation (RCBC) said Tuesday it filed a lawsuit against the Bank of Bangladesh (Bangladesh Bank) in a Philippine civil court for defaming RCBC and its executives with allegations of complicity in the $81 million cyber heist of
Stock index down, peso slightly higher
March 11, 2019
Philippine stocks closed lower while the peso ended slightly higher against the US dollar on Monday. The Philippine Stock Exchange (PSE) index settled at 7,708.72 points, down 88.39 points. In the broader market, there were 128 decliners, 63 gainers while
San Miguel to build roads from recycled plastics
March 11, 2019
San Miguel Corp. on Monday said it is building roads from recycled plastic to help reduce the impact of plastic waste on the environment. “This initiative is part of our push towards greater sustainability. Two years ago, we announced our
December FDIs down 4.8% to $677 million: BSP
March 11, 2019
Foreign direct investments (FDI) registered $677 million net inflows in December 2018, which is 4.8 percent lower than the $712 million net inflows in the same month of 2017. The decline in FDI was due largely to the 57.6 percent drop in net
Dominguez sees “very good year” for economic expansion
March 10, 2019
Finance Secretary Carlos Dominguez III has said the clear growth momentum plus the increased spending power of Filipinos will ensure that the economy will emerge stronger in 2019 despite both international and domestic headwinds, followed by a “very good year”
Stock index, peso end lower
March 8, 2019
The Philippine Stock Exchange (PSE) index closed one percent lower on Friday. The peso closed ten centavos lower against the US dollar to P52.25. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.232 billion
Latest Videos
- GEORGE SOROS BLASTED THE U S FOR SUPPORTING ISRAEL ON NOT WORKING WITH HAMAS
- WIKILEAKS REVELATIONS SHOW U S ‘IGNORED’ TORTURE FROM THE WAR IN IRAQ
- THE ROOTS OF THE ISRAEL PALESTINE CONFLICT
- TUCKER CARLSON QUESTIONS U.S SUPPORT FOR ISRAEL WAR
- RFK Jr TO RUN FOR PRESIDENT AS INDEPENDENT, DECLARING INDEPENDENCE FROM THE TWO POLITICAL PARTIES
- JAPANESE VIROLOGIST SAYS OMICRON MAY HAVE BEEN MANUFACTURED
- JAPANESE VIEW & FILIPINO BEAUTY
