The Daily Manila Shimbun

 

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

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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

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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.

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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

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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

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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

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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

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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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