PSE index ends week above 8,000 points, peso at P52.07:$1
February 8, 2019
Philippine stocks mostly closed lower on Friday, but the Philippine Stock Exchange (PSE) index managed to stay above the 8,000-point mark. The peso closed at P52.07 against the US dollar from P52.24 on Thursday. Volume at the foreign exchange portal
ADB debuts in offshore Philippine peso bond market
February 8, 2019
The Asian Development Bank (ADB) on Friday announced that it has raised P5.2204 billion ($100 million) from a new issue of local currency bonds in the international market. ADB issued bonds in the Philippine domestic capital market in 2005 and
Stock index ends at 8,100-point level
February 7, 2019
The Philippine Stock Exchange index closed 41.65 points higher to end at 8, 100.30 on Thursday. In the broader market, there were 115 decliners, 96 gainers and 47 shares unchanged. Volume amounted to 3.4 billion shares worth P7.42 billion from
End-January 2019 GIR level rises to $82.13 billion
February 7, 2019
Preliminary data showed gross international reserves (GIR) rose to $82.13 billion as of end-January, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. announced Thursday. This level is higher than the $79.19 billion level in December 2018 due mainly to
Monetary Board keeps policy rates unchanged
February 7, 2019
The Bangko Sentral ng Pilipinas (BSP)’s policy-setting body said it kept key rates unchanged in their meeting Thursday. The BSP said the decision of the Monetary Board is ”based on its assessment of a more manageable inflation environment.” The interest
Aboitiz infra arm signs deal with DICT to build, operate, maintain towers
February 7, 2019
Aboitiz InfraCapital, the infrastructure business unit of the Aboitiz Group has signed a memorandum of understanding with the Department of Information and Communications Technology (DICT) to build, operate, and maintain a network of towers throughout the Philippines. Part of Aboitiz
Foreign biz groups back economic team’s call for swift legislative OK of investment-friendly bills
February 7, 2019
Prominent business organizations have joined the call of the economic managers for the Congress to swiftly approve three legislative measures that aim to lift or ease restrictions on entry of foreign investments into the country. The Joint Foreign Chambers of
Stock index retreats after surging as high as 135 points
February 6, 2019
The Philippine stock index rocketed by as much as 135 points at lunch break but steadily gave up its gains to end slightly lower on Wednesday. The Philippine Stock Exchange index finished at 8,058.45 points, down 11.03 points. But in
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