Fitch upgrades Philippines ratings to BBB, outlook stable
December 11, 2017
Fitch Ratings upgraded the Philippines’ long term foreign currency issuer default rating to BBB from BBB- while placing its outlook at stable. In a statement on Sunday, Fitch Ratings said “strong and consistent macroeconomic performance has continued, underpinned by sound
DOF chief orders BIR to look into settling tax cases with GOCCs
December 10, 2017
Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to explore the possibility of amicably settling its pending and future tax disputes with government-owned and – controlled corporations (GOCCs) to avoid costly and protracted legal battles.
Toyota Ha:mo (Harmonious Mobility)
December 8, 2017
THAILAND- Thai students drive electric vehicles, Toyota Ha:mo, a car sharing system at Chulalongkorn University in Bangkok, Thailand, 08 December 2017. A joint project between the Japanese automaker and a Thai university to implement Ha:mo, an ultra compact electric vehicle
Stocks end week higher
December 8, 2017
Stocks finished higher on Friday as the Philippine Stock Exchange gained 129.77 points to finish at 8,304.70. In the broader market, there were 121 gainers, 66 decliners and 50 unchanged. Volume reached 1.02 billion shares worth 1.02 billion shares but
Japan Economy
December 8, 2017
TOKYO- This picture taken on December 3, 2017 shows Japan’s highest mountain, Mount Fuji at 3,776 meters (12,388 feet), seen behind skyscrapers in Tokyo’s Shinjuku area during sunset. Japan is growing twice as fast as previously estimated, official data showed
Stocks gain, peso up
December 7, 2017
Stocks gained on Thursday, with the Philippine Stock Exchange Index up 45.31 points to 8, 174.93 despite foreign selling. In the broader market, there were 97 gainers, 93 decliners and 49 unchanged. Volume reached 877.79 million worth P5.95 billion. Foreign
November gross international reserves fall to two-year low
December 7, 2017
Gross international reserves fell to its lowest in two years, preliminary data from the Bangko Sentral ng Pilipinas revealed Thursday. In a statement, BSP Officer-in_Charge Chuchi Fonacier said gross international reserves stood at $80.3 billion as of November. It was
Inflation 10-month average lower than 7-year average: DOF
December 7, 2017
Inflation remains at a comfortable level as its average of 3.13 percent from January to October is lower than the annual average of 3.16 percent for the last seven years, Finance Undersecretary Gil Beltran said in a statement on Thursday.
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