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
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
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
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
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
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
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
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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