Peso ends at P51.76:$1, still 11-year lows
October 27, 2017
The peso closed still at 11-year-lows on Friday as the Philippine currency ended at P51.76 against the US dollar from Thursday’s P51.75. The peso slumped to an intraday low of P51.85 during morning trading before rallying in the afternoon session.
Dominguez debunks misleading claim on supposed drop in FDIs
October 27, 2017
Finance Secretary Carlos Dominguez III has debunked unfounded concerns over the supposed drastic drop in the flow of foreign direct investments (FDIs) into the Philippines as he pointed to the recent “healthy” $2.3-billion capital infusion by two global firms in the country’s
Peso, at P51.75:$1, remains at 11-year low
October 26, 2017
The peso remained in 11-year lows as it finished barely higher on Thursday from the previous day’s level. The Philippine currency ended at P51.75 against the US dollar from P51.77. Volume at the Philippine Dealing System reached $650 million from
Task force to help solve infra process gaps – NEDA
October 26, 2017
An inter-agency task force was recently created to processes to address bottlenecks and gaps in infrastructure development, according to the National Economic and Development Authority (NEDA). In a keynote speech on Tuesday, Socioeconomic Planning Secretary Ernesto Pernia said the Project Facilitation, Monitoring and Innovation
Peso falls to 11-year low
October 25, 2017
The Philippine peso closed at P51.77 against the US dollar, down by 23 centavos from the previous day to an 11-year low on Wednesday. The peso touched these levels on August 4, 2006 when it finished at P51.638. Volume at
Stocks down for third trading session
October 24, 2017
Stocks declined for the third straight trading session on Tuesday, as the main index finished below a key level. The Philippine Stock Exchange index closed at 8, 279, down 68.40. In the broader market, there were 113 decliners, 80 gainers
ICC-CabCom approves project on public safety, bridge construction
October 24, 2017
The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved on Friday two projects and one request for additional financing. In a statement Tuesday, the first two new projects approved are the Phase I of the Safe Philippines
Renewed confidence after end of Marawi conflict to speed up growth: NEDA
October 24, 2017
The National Economic and Development Authority (NEDA) sees further pickup in business and consumer confidence in Mindanao now that the Marawi conflict has ended and rehabilitation on the way. Socioeconomic Planning Secretary Ernesto Pernia said in a statement Tuesday, investors
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