The Daily Manila Shimbun

 

Stocks settle lower despite strong GDP number

November 16, 2017

Stocks ended lower despite stronger-than-expected third quarter gross domestic product (GDP) growth figures on Thursday. But the peso surged to 50.90 against the US dollar from the previous day’s P51.116 The Philippine Stock Exchange composite index finished 67 points lower

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Philippine economy grew 6.9% in third quarter, likely 2nd fastest in Asia

November 16, 2017

The Philippine economy grew by 6.9 percent in the third quarter, the Philippine Statistics Authority (PSA) said Thursday. In a press conference, National Statistician Lisa Bersales said this is higher than ​the revised ​6.7 percent in the second quarter but

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20 years on: Is financial crisis a thing of past in Japan?

November 16, 2017

Tokyo- November 1997 is best remembered in Japan as a month when the depth of damage in a financial system reeling from the collapse of the speculation-driven bubble economy was laid bare in a painful way. Hokkaido Takushoku Bank, a

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Personal remittances reach $23.b from Jan-Sept: BSP

November 15, 2017

Personal remittances from overseas Filipinos (OFs) reached $23.2 billion for January to September, registering 4.8 percent year-on-year growth, BSP ( Bangko Sentral ng Pilipinas) Governor Nestor Espenilla, Jr. said Wednesday. Personal remittances from land-based OFs with work contracts of one

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Stocks decline, peso at P51.04:$1

November 15, 2017

Stocks lost ground on Wednesday, with the Philippine Stock Exchange index closing 106.20 points lower to 8,273.44. In the broader market, there were 109 decliners, 76 gainers and 43 issues unchanged. Volume reached 1.42 billion worth P5.9 billion. Foreigners were

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Dominguez signs 3 economic, infra cooperation agreements with Chinese officials

November 15, 2017

Finance Secretary Carlos Dominguez III signed Wednesday three agreements on behalf of the Philippine government on economic and infrastructure cooperation with China, including an accord providing a $23 million grant to aid the rehabilitation of war-torn Marawi City, the Department of Finance said

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DOF, JICA sign 15.93-B yen loan accord for Cavite flood control project

November 15, 2017

The Department of Finance (DOF) and the Japan International Coordination Agency (JICA) sealed  last  Monday  a 15.93 billion yen loan agreement for a project that aims to control flooding in several areas in Cavite that host economic zones and residential

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Regional collaboration need for ASEAN to meet challenges: ADB-WEF report

November 15, 2017

Member states of the Association of Southeast Asian Nations (ASEAN) need to improve their collaboration, according to a new joint report launched Wednesday by the Asian Development Bank (ADB) and the World Economic Forum. The report analyses how emerging technologies will

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