Pangilinan expects to sign deal selling 15% of his stake in Inquirer to Prietos
August 11, 2017
Manuel V. Pangilinan, chairman and president of Philippine Long Distance Telephone Co (PLDT) said expects to sign an agreement in two weeks to sell his 15 percent stake in the Philippine Daily Inquirer with the Prieto family. “We’ve reached an
Stocks down, peso at P50.795:$1
August 10, 2017
Stocks ended lower on Thursday despite foreigners being net buyers, with Universal Robina Corp. and JG Summit posting declines. The Philippine Stock Exchange index closed 19.58 points lower to 7,966.25. In the broader market, there were 111 decliners, 84 gainers
Foreign direct investment net inflows grow 57% in May
August 10, 2017
Foreign direct investments (FDI) recorded net inflows of $572 million in May 2017, higher by 57 percent than the $364 million registered in the comparable period last year. This was driven by continued positive outlook on the Philippine economy buoyed
DOF eyes P30b bond float for Marawi rehabilitation
August 10, 2017
Finance Secretary Carlos Dominguez III has directed the Bureau of Treasury (BTr) to study the possible issuance of P30 billion-worth of debt securities to help fund the planned massive rehabilitation and reconstruction effort for Marawi City. Dominguez said the “Marawi”
Manufacturing posts double-digit growth in first half
August 10, 2017
The manufacturing sector grew by an average of 10 percent from January to June due to sustained domestic and improved external demand, according to the National Economic and Development Authority (NEDA). This growth was backed by increased production in food
Stocks flat, peso ends lower
August 9, 2017
Stocks ended flat on Wednesday after the key index lost as much as 35 points at one point, The Philippine Stock Exchange index closed 7,985.83 points, down 0.68 points. In the broader market, there were 133 decliners, 66 gainers and
Philippine stock index fails to stay at 8,000 point level
August 8, 2017
Stocks ended lower Tuesday after the key index breached the 8,000 mark but lost ground steadily. The Philippine Stock Exchange index ended 5.75 points lower to 7,986.51 points. It went up as high as 8,033.66 points, up 41.39 points before
IMF sees Philippines growing at 6.6 percent in 2017
August 8, 2017
The International Monetary Fund on Tuesday placed the Philippines’ growth at 6.6 percent for 2017, down from its February estimates of 6.8 percent In a statement from the Fund after it concluded its review, it said “growth is projected to
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