Government increases majority shareholdings in UCPB
July 10, 2020
The government expanded its majority stake in the United Coconut Planters Bank (UCPB) from 75 percent to 97 percent with the conversion of the P12 billion in capital notes that UCPB had issued to the Philippine Deposit Insurance Corporation (PDIC)
PSE index ends lower
July 9, 2020
The Philippine Stock Exchange ( PSE) index lost 92.92 points to end at 6,192.58 on Thursday. In the broader market,there were 104 losers, 87 gainers and 39 unchanged. Volume reached 1.42 billion shares worth P5.09 billion from Wednesday’s 2.39 billion
Gov’t withdraws original proponent status to NAIA Consortium
July 9, 2020
The government has withdrawn the original proponent status granted to NAIA Consortium for the upgrade of Ninoy Aquino International Airport (NAIA). “Upon the recommendation of the NAIA government negotiating panel, the Manila International Airport Authority (MIAA), on July 7, 2020,
“Signs” show Philippine economy recovering, says Dominguez
July 8, 2020
Finance Secretary Carlos Dominguez said on Wednesday that there are “signs” that the economy is starting to recover after a lockdown to prevent the spread of coronavirus disease. In the virtual pre-SONA (State of the Nation Address) briefing, Department of
DPWH chief admits “minimal delay” in implementation of projects due to COVID-19
July 8, 2020
Department of Public Works and Highways Secretary Mark Villar admitted on Wednesday that there is “minimal delay” in the implementation of priority infrastructure projects due to quarantine measures being implemented by the government to contain the spread of coronavirus disease.
Gov’t not worried with withdrawal of two firms in NAIA rehab project
July 8, 2020
The government on Wednesday said it is not worried about the withdrawal of two conglomerates to upgrade and rehabilitate the Ninoy Aquino International Airport (NAIA). In a virtual press briefing after the Pre-SONA Forum, Finance Secretary Carlos Dominguez III said
Philippine share market ends mixed
July 8, 2020
The Philippine stock market ended mixed on Wednesday. The Philippine Stock Exchange (PSE) index finished 18.10 points higher at 6,285.50. But in the broader market, there were 106 losers, 82 gainers and 44 unchanged. Volume reached 2.39 billion shares worth
Duterte says he can’t follow other countries in totally opening up economy amid pandemic
July 8, 2020
President Rodrigo Duterte has admitted that he could not follow other rich countries in totally opening up the economy amid the coronavirus disease pandemic. In a taped televised message early Wednesday, Duterte said the Philippines, which is a “poor” country,
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