$1.7b South Korean loans, non-lending aid available for Philippine transport, energy programs
November 8, 2017
South Korea has offered a $1.7 billion credit facility and another $7 million in the form of non-lending programs to the Philippines to help implement the Duterte administration’s priority programs in the transport, information and communications technology, and energy sectors.
JT buyout of Mighty yields 200% increase in ‘sin’ tax payments in two months: DOF
November 8, 2017
The takeover by Japan Tobacco Inc. of Mighty Corporation has led to a 2o0 percent increase in the excise tax payments for the September-October period alone for this cigarette manufacturer compared to the same period last year, according to the
End-October GIR level settles at $80.62 billion
November 7, 2017
Preliminary data showed gross international reserves (GIR) slid marginally to $80.62 billion as of end-October from the previous month’s US$80.96 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. announced Tuesday. At this level, the GIR could adequately cover
Stocks end bit lower from Monday’s all-time high
November 7, 2017
Stocks closed slightly lower from the previous day’s all-time high finish despite a last burst of buying in the final 30 minutes of trading on Tuesday. The Philippine Stock Exchange ended 1.26 points lower at 8, 521.81 despite a report
NEDA says October inflation with target, but sees “upside risks”
November 7, 2017
Faster price adjustments in food and fuel caused inflation to accelerate in October, the National Economic and Development Authority (NEDA) said but it said the figure is within central bank forecast. NEDA-attached agency Philippine Statistics Authority (PSA) said headline inflation
Inflation hits 3.5%, a three-year high
November 7, 2017
Inflation accelerated to a three-year of 3.5 percent in October, the Philippine Statistics Authority (PSA) said Tuesday. In September, the inflation rate was logged at 3.4 percent. On a year-ago basis, inflation was 2.3 percent. The last time inflation was
DOF working with Japan on financing of 3 major infra projects
November 7, 2017
The Department of Finance (DOF) is working on the funding requirements for three big-ticket infrastructure projects, which include the first phase of the proposed Metro Manila Subway, in time for the possible issuance of the formal pledge by the Government of Japan
Stock index ends at another new record
November 6, 2017
Stocks closed at a new record on Monday a day ahead of the release of the October inflation numbers. The Philippine Stock Exchange Index finished 146.94 points higher to end at 8, 523.07 It erased the former all-time high of
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