Central bank streamlines regulations on bond issuance by banks and quasi-banks
October 7, 2017
The Monetary Board, the policymaking body of the central bank, approved amendments to pertinent regulations to streamline the requirements on the issuance of bonds and commercial papers by banks and quasi-banks, a statement said Saturday. The amendments include removal of
PAL says gov’t accepts its offer to pay P6 billion in unpaid navigation fees
October 6, 2017
Philippine Airlines (PAL) said the Department of Transportation has accepted its offer to pay in the full the P6 billion unpaid navigation fees from the government, a statement from the flag carrier said on Friday, “After several months of validation
Stocks pull back from surge, end slightly higher
October 6, 2017
Stocks pulled back from a new intraday high, as the Philippine Stock Exchange index closed 8,310.88, up 16.87 points from Thursday. Around 10:30 am, the index breached the 8,400 mark as it touched 8,389.42 points. But the momentum lost steam
Philippines, Japan sign bilateral swap arrangement
October 6, 2017
The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Bangko Sentral ng Pilipinas, signed the Restatement Agreement of the third Bilateral Swap Arrangement (restated BSA) to take effect Friday. The BSA enables the
P64.5b investment in energy sector ‘vote of confidence’ in economy: DOF
October 6, 2017
The largest voluntary tender offer in the country’s financial history represented by the P64.5 billion deal between the Philippines’ Energy Development Corporation (EDC) and a consortium of foreign investors led by Macquarie Infrastructure and Real Assets (MIRA) is a “strong vote
Stocks end two-day record setting streak
October 5, 2017
Stocks snapped a two-day record setting streak on Thursday as the Philippine Stock Exchange index finished 50.04 points lower to 8,294.01. In the broader market, there were 106 decliners, 90 gainers and 50 issues unchanged. Volume reached 1.25 billion shares
DOF wants Landbank, GSIS to refinance public teachers’ loans
October 5, 2017
Finance Secretary Carlos Dominguez III called on the Land Bank of the Philippines and the Government Service Insurance System (GSIS) to work out an easy-to-pay, low-interest refinancing program for loans incurred by public school teachers to free them from private lending institutions that charge
Higher food prices pushed September CPI to 3.4 percent
October 5, 2017
Higher food prices caused the September inflation rate to rise 3.4 percent, its highest in five months, from 3.1 percent in August, but still within the central bank’s expectations. “This was primarily due to the 3.6 percent annual growth recorded
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