Stocks end week lower, peso at P53.51:$1
July 20, 2018
Philippine stocks ended the week lower on Friday, as the Philippine Stock Exchange index finished 63.50 points lower to 7,387.87. The peso closed to P53.51 against the US dollar after hitting a low of P53.55. On Thursday, the peso closed
Stocks end lower, peso down to P53,53:$1
July 19, 2018
Philippine stocks closed lower on Thursday as the main share index failed to sustain its climb to the 7,400 mark. The peso weakened to P53.53 against the US dollar, close to 12-year lows, from the previous day’s P53.49. Volume reached
Disbursements of ODA improved in 2017: NEDA
July 19, 2018
The government’s capability to implement foreign-assisted programs and projects has improved in 2017 on of implementing agencies’ better financial performance, the National Economic and Development Authority (NEDA) said Thursday. According to NEDA’s 2017 Official Development Assistance (ODA) report, all indicators of
Fitch retains investment grade “BBB” for Philippines
July 18, 2018
Fitch Ratings said Tuesday the Philippines’ existing investment grade rating of “BBB” remains intact, citing robust economic growth, government’s comfortable debt level, and policies supporting macroeconomic stability. The “BBB” is a notch above the minimum investment grade. Fitch assigned a
SMEs got billions of pesos in tax break from TRAIN: DOF
July 18, 2018
Small and medium enterprises (SMEs) received tax breaks amounting to billions of pesos from January to June under the Tax Reform for Acceleration and Inclusion (TRAIN) Act as they are covered by higher value-added tax (VAT) threshold and can choose from two
Stocks up for second day, peso at P53.49:$1
July 18, 2018
Stocks gained for a second day on Wednesday, with the main share index nearing a key level. But the peso hit a low of P53.525 against the US dollar before it recovered to end at P53.49, down from Tuesday’s P53.39.
ANA to Cancel 378 Domestic Flights in Aug.
July 17, 2018
Tokyo, July 17 (Jiji Press)–All Nippon Airways said Tuesday that it will cancel 378 domestic flights in August due to the effects of safety inspections of its Boeing 787 aircraft engines. The unit of ANA Holdings Inc. canceled some of
NTT East to Apply IoT to Minpaku Biz: New Pres.
July 17, 2018
Tokyo- NTT East Corp. intends to utilize its Internet of Things technology to expand into the “minpaku” private lodging business, Fukuzo Inoue, the company’s new president, said in a recent interview with Jiji Press. The unit of Nippon Telegraph and
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