Personal remittances reach $10.5 billion in January–April
July 16, 2020
Personal remittances from overseas Filipinos amounted to $2.276 billion in April 16.1 percent lower than the $2.713 billion recorded in April 2019, the Bangko Sentral ng Pilipinas ( BSP) said Wednesday. This brought the cumulative remittances for the first four
Philippine economy to collapse if to return to “lockdown” – DTI chief
July 15, 2020
Trade Secretary Ramon Lopez warned on Wednesday that the economy would collapse if the government would enforce again lockdowns in most parts of the country amid the surge in new coronavirus cases. In the pre-SONA (State of the Nation Address)
PSE index declines, peso at P49.48:$1
July 15, 2020
The Philippine Stock Exchange ( PSE) index closed 156.30 points lower to 6,016.51 on Wednesday. In the broader market, there were 166 losers, 48 gainers and 32 unchanged. Volume reached 2.66 billion shares worth P7.29 billion from Tuesday’s 5.8 billion
Top econ, infra execs address over 1-M Filipinos in first 2020 pre-SONA forum
July 15, 2020
The country’s top economic and infrastructure officials reported the accomplishments and plans of both the Economic Development Cluster (EDC) and Infrastructure Cluster (IC) to an audience of over one million Filipinos–tuning in online or via accredited media partners—during this year’s
EU extends 2 grants worth EUR60.5-M for peace, infra development efforts in Mindanao
July 12, 2020
The European Union (EU) has extended two grants amounting to a combined 60.5 million euros (about US$67.9 million) to the Philippine government to assist in its ongoing peacebuilding and development efforts in Mindanao with a focus on strengthening the institutions
PSE index ends flat
July 10, 2020
The Philippine Stock Exchange (PSE) index ended flat on Friday. The PSE index finished at 6, 197.38 points,up 4.80 points. In the broader market, there were 115 losers, 82 gainers and 47 unchanged. Volume reached 2.26 billion shares worth P5.17
ABS-CBN ”deeply hurt” by House rejection of franchise bid
July 10, 2020
ABS-CBN Corp., whose application for a 25-year broadcast franchise was denied by the House of Representatives Committee on Legislative Franchises Friday, said it was ” deeply hurt” by the outcome. Seventy congressmen rejected ABS-CBN’s application, while 11 voted in favor.
House panel rejects ABS-CBN bid for franchise
July 10, 2020
Voting 70 against 11, the House committee on legislative franchises on Friday rejected the franchise application of the ABS-CBN Broadcasting Corp. for violating its old franchise. Palawan Rep. Franz Alvarez, chairman of the House committee on legislative franchises, said two lawmakers inhibited
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