PSE declines, peso at P51.31:$1
February 8, 2018
The Philippine Stock Exchange index closed slightly lower on Thursday as foreign selling continued. The index finished at 8,645.08 points, down 22.48 points. In the broader market, there were 107 gainers, 92 decliners and 60 remaining steady. Volume reached 1.03
Monetary Board holds rates steady despite high January inflation
February 8, 2018
Despite January inflation hitting a three-year high, the Monetary Board kept interest rates steady in Thursday’s policy meeting. “While the latest baseline forecasts show higher inflation outturns for 2018, the inflation path is expected to moderate and settle within the
End-January 2018 GIR settles at $81.2 billion: central bank
February 7, 2018
Preliminary data showed gross international reserves (GIR) level as of end-January 2018 slid marginally to $81.2 billion from the end-December 2017 figures of $81.6 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. announced Wednesday. “At this level, the
Stocks bounce back on Wednesday
February 7, 2018
Stocks regained some of its losses in the last two days as the main index rose 1.37 percent on Wednesday. The Philippine Stock Exchange index gained 117.14 points to finish at 8,667.56. In the broader market, there were 127 gainers,
Philippine inflation surges to 4% in January
February 6, 2018
The Philippine inflation rose in January to 4 percent, hitting the upper band of the government’s target, the Philippine Statistics Authority said on Tuesday. The January inflation was highest in more than three years after hitting 4.3 percent in October
PSE 2017 net income up by 18% to P825 million
February 5, 2018
The Philippine Stock Exchange, Inc. (PSE) posted a net income of P825 million for the full-year 2017, an increase of 18 percent from the P702 million net profits posted in 2016 based on the Exchange’s unaudited consolidated financial statements In
DOF chief cites “unprecedented optimism” on PHL eco prospects under Duterte
February 4, 2018
Finance Secretary Carlos Dominguez III said there is “unprecedented optimism” over the country’s economic prospects on the Duterte watch, partly because the business community and even ordinary citizens see the Comprehensive Tax Reform Program (CTRP) as the “gamechanger” that will
PSE index ends week higher
February 2, 2018
The Philippine Stock Exchange index finished the week with gains after days of losses following all-time high records. On Friday, the index went up by 72.03 points to 8,810.75. In the broader market, there were 123 gainers, 72 decliners and
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