ADB vows to be developing Asia’s partner for recovery from COVID-19
September 18, 2020
The Asian Development Bank (ADB) is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the coronavirus disease (COVID-19) pandemic, President Masatsugu Asakawa said in an address to ADB’s Board of Governors
PSE index loses ground
September 18, 2020
The Philippine Stock Exchange (PSE) index lost 34.62 points to end at 5,908.90 on Friday. But the broader market showed 94 gainers and 94 losers, with 46 unchanged. Volume reached 767.34 million shares worth P7.64 billion from Thursday’s 952.32 million
BIR assures Senate of full support for FIST bill
September 18, 2020
The Bureau of Internal Revenue (BIR) has assured senators of its full support for a measure that aims to allow banks to dispose of their bad loans and other non-performing assets (NPAs) through would-be asset management companies, which, in turn,
PSE index ends flat; peso at P48.51:$1
September 17, 2020
The Philippine Stock Exchange (PSE) index rallied to cut losses on Thursday. The index ended 3.10 points lower to 5, 943.52. In the broader market, there were 106 losers, 78 gainers and 58 unchanged. Volume reached 952.32 million shares worth
Pandemic threatens human capital gains of the past decade, new World Bank report says
September 17, 2020
The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis Wednesday said. Investments in human capital—the knowledge, skills, and health that people accumulate over their
PSE index falls below 6,000 pts; peso at P48.385:$1
September 16, 2020
The Philippine Stock Exchange (PSE) index fell below the 6,000-point level on Wednesday. The peso closed at P48.385 against the US dollar from P48.40 on Tuesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
Dominguez pushes faster BOL implementation amid pandemic
September 16, 2020
Finance Secretary Carlos Dominguez III has called on national government agencies to work with their counterparts in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in fast-tracking the organizational work needed to implement at the soonest the key provisions of the Bangsamoro Organic Law (BOL)
PHL, Japan sign 50-B yen post-disaster standby loan accord
September 15, 2020
The Philippines and Japan signed Tuesday an agreement for a 50-billion yen standby loan that aims to quickly disburse Japanese funding support to the Philippine government’s post-disaster response efforts in the event of a national calamity or health emergency. Finance
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