Philippine economy grew 6.4% in second quarter
August 17, 2017
The Philippine economy grew at 6.5 percent in the second quarter, the National Economic Development Authority said Thursday. Among sectors, agriculture topped with 6.3 percent, industry 7.3 percent and services 6.1 percent. NEDA Director General Ernesto Pernia said the 6.5
Peso hits 11-year low P51.60 intraday, closes at P51.35 vs US dollar
August 16, 2017
The peso slumped at an 11-year low of P51.60 during intraday trading before it rallied in the afternoon session to close at P51.35 against the US dollar on Wednesday. The peso, which last hit at this level on August 3,
Dominguez pays tribute to Tetangco, welcomes Espenilla
August 15, 2017
Finance Secretary Carlos Dominguez III paid tribute to the immediate past and current governors of the Bangko Sentral ng Pilipinas (BSP) for their “adept management” of monetary policies, which has earned global recognition for the country’s central banking institution. In
(UPDATE) Peso closes at P51.34:$1, stock index breaches 8,000 pts
August 15, 2017
The peso fell to a near 11-year low of P51.34 against the US dollar on Tuesday after hitting an intraday low of P51.35. This is the lowest level for the peso since it closed at P51.31 on August 29, 2006.
Stocks higher, but peso hits P51.08:$1
August 14, 2017
Stocks closed higher on Monday even as share prices of some consumer companies fell due to the declaration of avian influenza in poultry in a town in Pampanga. The Philippine Stock Exchange index closed 33.29 points higher at 7,962.12. In
San Miguel Foods Inc. assures consumers chicken products are safe
August 14, 2017
San Miguel Foods Inc assured consumers of Magnolia Chicken that its poultry farms remained free of avian flu, a disclosure to the Philippine Stock Exchange said Monday. “Upon immediate testing, our farms and our entire broiler flocks yielded negative results
Peso hits P51.08:$1, ends at P50.98
August 11, 2017
The peso rallied after hitting a near 11-year low of P51.08 to finish at P50.98 against the US dollar on Friday. Volume reached $690.10 million against $692.55 million at the Philippine Dealing System. The peso hit P51.05$1 on August 29,
DOF cites substantial progress in ASEAN financial integration initiatives
August 11, 2017
Finance Secretary Carlos Dominguez III has cited the substantial inroads made by the Association of Southeast Asian Nations (ASEAN) on a wide range of initiatives aimed at establishing a seamless financial system across the region. Dominguez said setting up an
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