The Daily Manila Shimbun

 

PSE index falls below 8,000-point level

March 21, 2018

The Philippine Stock Exchange index fell below the key level of 8,000 points on Wednesday. The index closed at 7,909.07, down 150.53 points, reaching its lowest level since August 3, 2017. In the broader market, there were 139 decliners, 85

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Philippines Panda bonds warmly received by Chinese, offshore markets: DOF

March 20, 2018

With a tight spread of 35 basis points above benchmark, the Philippines’ three-year Panda bonds fetched a coupon rate of 5 percent, in what the country’s top finance official consider as a reflection of confidence in the robust growth prospects

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Stocks slump on reports Mitsubishi selling up to 6.2m shares in Ayala Corp.

March 20, 2018

Stocks fell on Tuesday, dragged lower by Ayala Corp. and Ayala Land Inc after two brokerages reported that Mitsubishi Corp. was selling up to 6.2 million shares in Ayala Corp. The Philippine Stock Exchange index lost 175.94 points to 8,059.60.

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Stocks slightly lower, peso at P52.10:$1

March 19, 2018

Stocks ended slightly lower on Monday, as the Philippine Stock Exchange index closed 2.61 points lower to 8, 235.54. Although foreigners were net buyers for the first time in 18 sessions, the broader market remained negative. There were 168 decliners,

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Philippines all set for maiden Panda bonds issuance Tuesday

March 19, 2018

The Philippine government is all set for the issuance of its inaugural 1.46 billion renminbi worth of renminbi-denominated bonds, or Panda bonds. The Panda bonds, with a three-year tenor, will be issued in the onshore Chinese bond market on March 20, and settlement is on March 23.

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Corporate tax reform to level playing field – DOF

March 18, 2018

The Duterte administration is pushing income tax reforms in the corporate sector to level the playing field of business and make our system equitable, transparent and more accountable by, among others, removing perpetual tax holidays enjoyed by only a select group

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PSE Index rebounds after intraday low

March 16, 2018

The Philippine Stock Exchange Index hit an intraday year’s low in morning trading but rebounded to close higher on Friday. The index, which reached 8, 158.62 as of 10:30 am, finished at 8,238.15, up 48.14. But the broad market remained

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BOP posts $863m deficit for 2017 despite surplus in fourth quarter

March 16, 2018

The Philippines’s balance of payments position (BOP) rebounded in the fourth quarter of 2017, yielding a surplus of $505 million, after recording a deficit of $662 million in the third quarter of 2017, the Bangko Sentral ng Pilipinas (BSP) said

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