PSE index down 212.53 points to 5,715.92
August 3, 2020
The Philippine Stock Exchange (PSE) index shed 212.53 points to end at 5,715.92 on Monday. In the broader market, there were 154 losers, 51 gainers and 39 unchanged. Volume reached 1.63 billion shares worth P6.59 billion from Thursday’s 1.34 billion
EXCLUSIVE: Skymark Airlines Secures 50 B. Yen amid Epidemic
August 2, 2020
Skymark Airlines has secured up to 50 billion yen in financing to prepare for a second wave of novel coronavirus infections, Jiji Press learned Saturday. Skymark has agreed with creditor banks to extend the repayment deadline for an outstanding 30-billion-yen
General gov’t debt falls to 34.1% of GDP as of end-December 2019
August 2, 2020
As a percentage of gross domestic product (GDP), the country’s consolidated General Government (GG) debt stood at 34.1 percent by end-December 2019, or down 0.3 percentage points from the year-ago level of 34.4 percent. The improved GG Debt-to-GDP ratio was
Economy has started to recover–Dominguez
July 31, 2020
The Philippine economy is starting to recover after hitting its “lowest” when most parts of the country were placed under a lockdown, Finance Secretary Carlos Dominguez III said. Dominguez, in a taped meeting with President Rodrigo Duterte on Thursday night
Duterte asks telcos to report to Cabinet LGUs hampering building of cell sites
July 31, 2020
President Rodrigo Duterte has urged the telecommunication firms to report to the Cabinet officials the local government units which would hamper the building of their cell sites. In a taped televised meeting on Thursday night aired on Friday morning, Duterte
DOF: Gov’t has enough funds to buy COVID-19 vaccines
July 31, 2020
Finance Secretary Carlos Dominguez III said Thursday the government has adequate funds to purchase vaccines for the coronavirus disease 2019 (COVID-19) for the 20 million poorest Filipinos once these become available and approved for distribution, most probably by December. Dominguez
Cebu Pacific flying twice weekly to Tokyo starting August 1
July 30, 2020
Cebu Pacific said it is rebuilding its international flight network by restarting flights to key Asian destinations,including Tokyo, in August. This is on top of its once-a-week flights between Manila and Dubai which resumed mid-July. Beginning August 1, Cebu Pacific
PSE index gains, peso at P49.15:$1
July 30, 2020
The Philippine Stock Exchange ( PSE) index gained 37.82 points higher to 5,928.45 on Thursday. In the broader market, there were 114 gainers, 78 losers and 47 unchanged. Volume reached 1.34 billion shares worth P 5.08 billion from Wednesday’s 1.18
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