Stock index sets new all-time high
January 22, 2018
The Philippine Stock Exchange index set a new all-time high on Monday, one day before the fourth quarter growth figures are to be announced. The index finished at 8,950.62, up 34.70 points . The previous all-time high was 8,923.72 set
Ayala Corp restructures energy business
January 22, 2018
Ayala Corporation’s board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms, renewable energy and thermal energy, a disclosure by the company to the Philippine Stock Exchange (PSE) said Monday.
GDP revised to 7% in Q3 2017
January 19, 2018
The Philippine government has revised upward its gross domestic product (GDP) growth rate for the third quarter of 2017. In a statement on Friday, the Philippine Statistics Authority (PSA) said the July to September economic growth rate of the country
Philippines successfully issues new 10-year global bonds as part of liability management exercise – DOF
January 19, 2018
The Republic of the Philippines (the “Republic”) successfully returned to the international capital markets with its offering of USD2 billion new 10-year global bonds (the “New Bonds”). The transaction marks the first time the Republic has issued a 10-year USD
Stocks end lower as fourth quarter growth figures being eyed
January 18, 2018
Stocks ended lower on Thursday as one analyst said the market is waiting for the release of the Philippines’ fourth quarter growth figures next week. The Philippine Stock Exchange index closed 28.25 points lower to 8,820.74 points. In the broader
Online news portal of TV5 shutting down end-March
January 18, 2018
The online news portal of TV5 is shutting down effective end of March as part of its rationalization program, laying off around 20 regular editors and reporters. Roby Alampay, editor-in-chief of Interaksyon.com and Business World, said TV5 will consolidate all
Stocks give up early gains, finish lower
January 17, 2018
Stocks ended lower after gains in early trading on Wednesday. The Philippine Stock Exchange index finished 16.14 points down to 8, 848.99. In the broader market, there were 120 decliners, 92 gainers and 49 issues unchanged. Volume reached 941.7 million
Philippine “excellent” financial standing at risk if teachers’ salaries are doubled, Diokno warns
January 17, 2018
Budget Secretary Benjamin Diokno warned on Wednesday that the budget deficit could rise to 5 percent of gross domestic product, putting at risk its “excellent” international financial standing, if the salaries of teachers will be doubled. Diokno said doubling salaries of teachers
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