Stocks, peso up
November 14, 2017
Stocks gained on Tuesday, lifted by Meralco and Bank of the Philippine Islands. The Philippine Stock Exchange index finished 49.62 points higher to 8,379.62. In the broader market, there were 111 decliners, 76 gainers and 51 issues unchanged. Volume reached
China commits $7.34b so far in soft loans to Philippines
November 14, 2017
China has committed a combined $7.34 billion in soft loans and grants so far to the Philippines for the implementation of 10 big-ticket projects, construction of two bridges in Metro Manila and two drug rehabilitation facilities in Mindanao, and assistance in the rehabilitation of war-torn Marawi
Stocks decline, peso gains
November 13, 2017
Stocks declined on Monday, with the key index losing more than one percent. The Philippine Stock Exchange index finished at 8,330.092, down 1.23 percent or 103.46 points. In the broader market, there were 115 decliners, 72 gainers and 49 issues
PAL net loss for Jan-September period at P3.5 billion
November 12, 2017
Philippine Airlines (PAL) posted a net loss from January to September this year on higher flying operations due to costlier jet fuel prices. PAL said it recorded a total comprehensive loss of P3.5 billion in the period, a significant downturn
Stocks close lower
November 10, 2017
Stocks ended the week lower as the main index finished below 8,500 points on Friday. The Philippine Stock Exchange Index closed 84.33 points lower to 8,433.48. In the broader market, there were 134 decliners, 73 gainers and 44 issues unchanged.
FDI net inflows up 70% in August: central bank
November 10, 2017
Foreign direct investments (FDI) net inflows increased by 70 percent to $1.2 billion in August from $708 million a year ago, the Bangko Sentral ng Pilipinas said Friday. This reflected continued favorable investor sentiment on the Philippine economy on the
Kobe Steel scandal
November 10, 2017
TOKYO- Kobe Steel President and CEO Hiroya Kawasaki reacts during a news conference in Tokyo, Japan, Friday, 10 November 2017. Kobe Steel, Japan’s third-biggest steelmaker, is under fire following cases of falsified data on quality products used in the automobile
7% GDP growth sustainable over the medium term: DOF
November 10, 2017
Finance Secretary Carlos Dominguez III has expressed confidence that the Philippines can sustain a 7 percent gross domestic product (GDP) growth rate over the medium term, fueled by an infrastructure modernization program under the Duterte administration that will disperse industries
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