Stock index recovers from a year low, peso rallies to P52.15:$1
April 26, 2018
The Philippine stock index recovered from a one-year low on Thursday, as it ended above the 7,600 mark. The Philippine Stock Exchange Index finished at 7,617.42 points, up 59.51. In the broader market, there were 112 gainers, 89 decliners and
NEDA Board approves Subic-Clark railway, Bulacan international airport
April 26, 2018
The National Economic and Development Authority (NEDA) Board approved eight new projects on Wednesday, a NEDA statement said Thursday. These include the approval of the Subic-Clark Railway and the unsolicited proposal for the Bulacan International Airport, the latter with the NEDA
Stock index down 1.54%, peso at P52.32:$1
April 24, 2018
The Philippine Stock Exchange index closed below the 7,600 mark on Tuesday. The index finished at 7,600.36, down 1.54 percent from Monday. In the broader market, there were 143 decliners, 66 gainers and 40 shares unchanged. Volume fetched 2.3 billion
DBCC expects higher revenue in medium-term due to tax reform measures
April 24, 2018
The interagency Development Budget Coordination Committee (DBCC) has revised upward the government’s medium-term revenue and disbursement programs due to the impact of the tax reform measure. In a press conference after the DBCC meeting Tuesday in Manila, Budget Secretary Benjamin
Philippine economy to lose P1.9b due to Boracay closure: Pernia
April 24, 2018
The Philippine economy is set to lose about P1.96 billion during the six-month closure of Boracay, Socioeconomic Planning Secretary Ernesto Pernia said on Tuesday. This as authorities would look into reports some village officials have issued identification cards to non-Boracay
Stocks end slightly lower, peso at P52.24:$1
April 23, 2018
Stocks ended slightly lower Monday as the market waited for news that could spur trading. The Philippine Stock Exchange closed at 7,719.47, down 7.25 points. In the broader market, there were 103 decliners, 88 gainers and 57 shares unchanged. Volume
NEDA says overheating fears exagerrated
April 20, 2018
The National Economic and Development Authority (NEDA) on Friday allayed concerns about imminent risks of overheating, stressing the country’s solid macroeconomic conditions and reforms make the economy disposed for sustained and even higher growth. The World Bank in its April
Stocks finish higher
April 20, 2018
Stocks finished higher despite losing steam in later trading on Friday. The Philippine Stock Exchange index ended 44.48 points up to 7,726.72. In the broader market, there were 120 gainers, 83 decliners and 41 shares unchanged. Volume amounted to a
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