ADB sees Philippines to sustain high economic growth in medium term
April 11, 2018
The Asian Development Bank (ADB) sees the Philippines to sustain its high growth rate for this year and in 2019, with the expected implementation of large infrastructure projects. In its new Asian Development Outlook 2018, the Manila-based lending agency said on
Philippine trade gap for February widens
April 11, 2018
The Philippine trade deficit in February widened to $3.06 billion from the same period in 2017 of $1.77 billion as exports declined for the first time in 15 months and imports rose, the Philippine Statistics Authority (PSA) said Wednesday. Exports
Stocks lower, peso at P52:$1
April 11, 2018
Stocks ended lower on Tuesday as trading resumed following a holiday on Monday. The Philippine Stock Exchange Index went down by 10.98 points to 7,934.18 points. In the broader market, there were 137 decliners, 70 gainers and 45 shares unchanged.
Foreign direct investments grew in January: central bank
April 10, 2018
Foreign direct investments (FDI) yielded net inflows of $919 million in January, up 56.7 percent from the same month last year, the Bangko Sentral ng Pilipinas (BSP) said Monday. Net equity capital inflows, which accounted for the bulk of FDI
Gov’t turns down Aboitiz infra group bid to modernize four airports
April 10, 2018
Aboitiz InfraCapital, the infrastructure business unit of the Aboitiz Group said the government rejected its unsolicited proposal to modernize four airports in the Visayas and Mindanao for P148 billion over a 35-year concession period. In a disclosure to the Philippine
PCC orders Uber App to continue operations until review is complete
April 7, 2018
The Philippine Competition Commission (PCC) has ordered ride-hailing service provider Uber to continue operating its app for the entire duration of its motu proprio review. The directive, issued Thursday, also puts Grab’s move to acquire its competitor to a halt while the
Stocks end lower
April 6, 2018
Stocks finished lower on Friday, as the Philippine Stock Exchange index remained below 8,000 points. The index lost 76.50 points to finish at 7,945.66. In the broader market, there were 130 decliners, 80 gainers and 40 shares unchanged. Volume reached
Stocks slightly higher despite high March inflation rate
April 5, 2018
Stocks ended higher on Thursday despite a high inflation figure of 4.3 percent for March. The Philippine Stock Exchange index finished 24.49 points higher to 8,022.16. In the broader market, there were 103 decliners, 83 gainers and 55 shares unchanged.
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