Inflation to remain at manageable levels: DOF
December 14, 2017
The Department of Finance (DOF) sees the inflation rate remaining at a manageable level in the short term after increases in consumer prices eased to 3.3 percent in November from a peak of 3.5 percent a month ago. This brought the average inflation from
Stocks, peso gain
December 13, 2017
Stocks closed higher on Wednesday, with the Philippine Stock Exchange index gaining 25.55 points to end at 8,359.61. But the broader market was relatively flat with 97 gainers, 96 decliners and 43 shares unchanged. Volume reached 1.1 billion shares worth
NEDA ICC-CabCom approves extension of loan validity, timeline of two projects
December 13, 2017
The National Economic and Development Authority (NEDA) Investment Coordination Committee–Cabinet Committee (ICC-CabCom) approved on December 6, the extension of loan validity and the construction period of two projects in the Visayas region, the agency said in a press statement Wednesday.
Japan trade organization vows to enhance Manila-Tokyo cooperation
December 13, 2017
The Japan External Trade Organization (JETRO) has committed to further enhance trade and investment cooperation between Manila and Tokyo as it congratulated Philippine officials led by Finance Secretary Carlos Dominguez III for their successful economic roadshow held last September in
ADB upgrades growth forecast in developing Asia to 6.5%
December 13, 2017
The Asian Development Bank (ADB) forecasts that economic expansion in developing Asia will accelerate to 6 percent in 2017 as stronger than expected exports and domestic consumption fuel growth. Excluding Asia’s newly industrialized economies, growth is now expected at 6.5
Stocks slightly higher, peso declines
December 12, 2017
Stocks rose slightly on Tuesday, as the Philippine Stock Exchange index closed 24.51 points higher to 8,334.06. In the broader market, there were 115 decliners, 87 gainers and 52 unchanged. Volume reached 638.3 million shares worth P6.6 billion. Foreign selling
FDI net inflows surge to $754m in September
December 11, 2017
Foreign direct investments (FDI) net inflows reached $754 million in September, 61.8 percent higher than $466 million during the same period last year, the Bangko Sentral ng Pilipinas (BSP) said Monday. Net equity capital investments during the month increased by
Stocks, peso gain after Fitch rating upgrade
December 11, 2017
Stocks gained on Monday after Fitch Ratings upgraded the country’s credit ratings as the Philippine Stock Exchange index rose 53.87 points to 8,358.57. In the broader market, there were 114 gainers, 82 decliners and 42 unchanged. Volume reached 923.34 million
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