July FDI inflows $307 million from year-ago $493 million: BSP
October 10, 2017
Foreign direct investments (FDI) posted $307 million net inflows in July, lower than the $493 million net inflows recorded in the same month last year, the Bangko Sentral ng Pilipinas said Tuesday. This was mainly due to decline in investments
Stock index ends at new record close
October 10, 2017
The Philippine Stock Exchange index closed at a new all-time high on Tuesday as it gained 30.66 points to 8,398.04. But the broader market showed 103 decliners, 91 gainers and 51 issues, leading one broker to voice caution. “The volume
Philippine trade grew double-digit in August
October 10, 2017
The Philippine Statistics Authority reported Tuesday total trade grew by 10 percent in August ,a up from June (1.5 percent) and July’s (2.5 percent) growth. Exports recorded its ninth consecutive month of positive growth at 9.3 percent, and imports grew
NEDA says foreign businesses confident on Philippines
October 10, 2017
The National Economic and Development Authority (NEDA) on Tuesday gave the assurance foreign investors remain confident to do business in the Philippines despite the 14 percent decline in foreign direct investments (FDI) in the first half. The NEDA said foreign equity placements,
Dominguez welcomes favorable EITI decision on Philippines
October 10, 2017
Finance Secretary Carlos Dominguez III has welcomed the announcement of the International Board of the Extractive Industries Transparency Initiative (EITI) declaring the Philippines as the first country to have obtained a ‘satisfactory progress’ assessment under the 2016 EITI Standard. “The forum that EITI
Manufacturing recovered in August, NEDA sees further improvement
October 10, 2017
Manufacturing output in August recovered from a decline in July and is seen to improve in the last quarter of the year, according to the National Economic and Development Authority (NEDA) in a statement on Tuesday. In the Monthly Integrated
Stock index closes at new all-time high
October 9, 2017
Stocks hit a new record on Monday, with the Philippine Stock Exchange finishing 56.50 points higher to 8,367.38. The previous mark was 8,344.o5 set on October 4. But in the broader market, there were 104 decliners and 82 gainers while
Washington SyCip passes away at 96
October 8, 2017
Washington Z. SyCip, who was conferred by the Japanese government of The Order of the Rising Sun, Gold and Silver Star, passed away on Saturday. He was 96. SyCip, founder of SyCip, Gorres, Velayo & Co. (SGV & Co), “went
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