Philippines, World Bank looking into areas of cooperation in ‘Build, Build, Build’ program
September 13, 2017
Philippine officials led by Finance Secretary Carlos Dominguez III will sit down soon with World Bank representatives to explore ways of tapping the multilateral institution’s expertise in the Duterte administration’s planned rollout of 75 flagship infrastructure projects over the next
ASEAN-Asia Pacific link to boost trade: NEDA
September 12, 2017
The National Economic and Development Authority (NEDA) on Tuesday expects agreements by the Association of Southeast Asian Nation (ASEAN) and the Philippines’ integration to the larger Asia-Pacific region will boost the country’s trade. In the report of NEDA-attached agency Philippine
NEDA concerned over job loss, vows to correct situation
September 12, 2017
Expressing concern over employment losses in July, the National Economic and Development Authority (NEDA) said Tuesday it vowed to improve employment figures by pushing for reforms anchored on the Philippine Development Plan (PDP) 2017-2022. The recent Labor Force Survey (LFS)
Foreign direct investments surge three-fold in June: central bank
September 11, 2017
Foreign direct investments (FDI) grew by 182.7 percent to $674 million in June from $238 million for the same month in 2016, the central bank said Monday. In part, the increase in FDI inflows during the month was due largely
Stocks finish higher
September 11, 2017
Stocks ended higher on Monday, as the Philippine Stock Exchange Index gained 26.56 points to 8,049.31 despite net foreign selling. In the broader market, there were 110 gainers, 87 decliners and 50 unchanged. Volume reached 899.17 million shares worth P6.1
DOF adopting faster import permit system
September 11, 2017
The Duterte administration is finalizing a new, faster system for securing import applications that involve more than 60 government agencies, as part of fresh measures to cut red tape and improve the ease of doing business in the country, according to Finance Secretary
Stocks flat, peso at P50.87 against US dollar
September 8, 2017
Stocks ended flat as the Philippine Stock Exchange index closed 0.22 points higher at 8,022.75 points on Friday. In the broader market, there were 114 gainers, 77 decliners and 55 unchanged. Volume reached 1.55 billion shares valued at P7.89 billion.
August gross international reserves rose to $81.51 billion: BSP
September 7, 2017
Gross international reserves rose to $81.51 billion in August from the previous month’s $81.07 billion, preliminary data announced by the central bank said Thursday, “This level could adequately cover 8.7 months’ worth of imports of goods and payments of services
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