SMC to discontinue plastic bottled water business
September 17, 2017
Conglomerate San Miguel Corporation (SMC) said that it is discontinuing its plastic bottled water line, under the Purewater brand, as part of its bold sustainability initiative to reduce its environmental footprint. This move is in line with its strategic investments
External factors affecting peso, says DOF exec
September 17, 2017
The Philippine economy needs to diversify and not rely on remittances and business process outsourcing alone to prevent the peso from depreciating too much whenever uncertainties arise from advanced economies, the Department of Finance (DOF) said. In an economic bulletin
Outstanding external debt declines further in 2nd quarter: BSP
September 15, 2017
Bangko Sentral ng Pilipinas (BSP) Officer-In-Charge Diwa Guinigundo announced Friday that outstanding Philippine external debt stood $72.5 billion as of end-June 2017, down by $1.3 billion (or 1.8 percent) from the $73.8 billion end-March 2017 level. The decline in debt
Personal remittances hit $17.9 billion in January to July
September 15, 2017
Personal remittances from overseas Filipinos (OFs) amounted to $2.6 billion in July, posting an 8.7 percent increase year-on-year. On a cumulative basis, personal remittances from OFs for January-July rose by 5.9 percent to reach $17.9 billion, Bangko Sentral ng Pilipinas
Stocks reverse slow start as PSE index ends at new record high
September 15, 2017
Stocks reversed its course from a sluggish morning start as the Philippine Stock Exchange index (PSEi) closed the week at another record high on Friday. The PSE Index ended t 8,180.85, up by 35.94 points from Thursday’s previous record close of 8,144.91. Year to
PSE index closes at all-time high
September 14, 2017
The Philippine Stock Exchange closed at an all-time high of 8,144,91, up 91.23 points on Thursday. It eased off from the intraday high of 8,169.64. In the broader market, there were 111 gainers, 85 decliners and 62 unchanged. Volume reached 1.26
Economic team to Japan for 3rd infra cooperation meeting
September 14, 2017
The government’s economic team will be in Tokyo on September 25-26 to discuss with Japanese officials ways of speeding up implementation of the Duterte administration’s flagship infrastructure projects for possible funding by Japan and separately brief potential investors on the
Slight gains for PSE despite record Dow close
September 13, 2017
Stocks closed slightly higher on Wednesday despite a record close in Wall Street and high level of foreign buying. The Philippine Stock Exchange index finished 4.57 points higher to 8,053.88. In the broader market, there were 108 gainers, 98 decliners
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