PSE index climbs back to 6,000-point level
September 8, 2020
The Philippine Stock Exchange (PSE) returned to the 6,000-point level on Tuesday as it gained 98.18 points to end at 6,034.03. In the broader market, there were 142 gainers, 84 losers and 46 unchanged. Volume reached 1.18 billion shares worth
DBM investigating if blacklisted business same as gov’t PPE supplier – Palace
September 7, 2020
The Department of Budget and Management is investigating if one of its blacklisted enterprises was similar to a company which it granted to supply personal protective equipment amid the coronavirus pandemic, Malacanang said on Monday. Presidential Spokesperson Harry Roque, in
PSE index jumps 2.6%, peso at P48.67:$1
September 7, 2020
The Philippine Stock Exchange (PSE) index jumped 2.6 percent but remained short of regaining the 6,000-point mark on Monday. The index closed at 5,935.85, up 150.76 points. In the broader market, there were 132 gainers, 65 losers and 37 unchanged.
Duterte’s economic team seeks swift OK of 2021 budget
September 6, 2020
President Duterte’s economic team has sought the swift enactment by the Congress of the proposed 2021 national budget as a key component of the government’s comprehensive plan to “rebuild the economy and decisively defeat COVID-19.” On top of the proposed
Despite COVID-19, Tugade eyes partial operation of Metro Manila subway stations before end-2021
September 4, 2020
Despite the coronavirus pandemic, Transportation Secretary Arthur Tugade said the partial operation of Metro Manila subway station is targeted to start before the end of 2021. “What is partial operability? It is from Valenzuela up to North Avenue in Quezon
PSE index ends higher; peso at P48.62:$1
September 4, 2020
The Philippine Stock Exchange (PSE) index closed 12.23 points higher to 5,785.09 points on Friday. In the broader market, there were 104 losers, 79 gainers and 51 unchanged. Volume reached 554.67 million shares worth P5.48 billion from Thursday’s 961 million
Inflation slowed down to 2.4% in August
September 4, 2020
Inflation slowed down for the first time in three months as it came in at 2.4 percent in August, the Philippine Statistics Authority (PSA) said Friday. Inflation in July was 2.7 percent. “The slowdown in inflation in August 2020 was
UCPB probing ”reported” theft of P167 million; BSP says ”no financial losses or damages were incurred by UCPB account holders”
September 3, 2020
United Coconut Planters Bank (UCPB) said it is investigating ” an incident”, which a business website claimed that P167 million were stolen from automated teller machines. The Bangko Sentral ng Pilipinas (BSP) said Thursday ”it is well aware of the
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