Meralco electricity rate to slightly increase this August
August 8, 2017
Meralco announced an increase for August, amounting to P0.1338 per kilowatt hour for a typical residential household, thereby bringing the overall rate from last month’s P8.2511 per kWh to P8.3849 per kWh. The slight rate increase this month amounts to
Stocks gain, peso at P50.355:$1
August 7, 2017
Stocks ended higher on Monday but the key index fell short of returning to the key level. The peso closed lower at P50.355 against the US dollar from P50.16 on Friday. Volume reached $428.90 million from the previous $631.30 million
Gross international reserves level settled at $80.79 billion in July
August 7, 2017
Preliminary data showed that the country’s gross international reserves (GIR) level stood at $80.79 billion as of end-July, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. announced Monday in a statement, This level was lower by $0.53 billion than
Stocks up, peso surges to P50.16:$1
August 4, 2017
Stocks closed higher on Friday as the key index ended the week close to a psychological level. But the peso continued to show strength as it finished at P50.16 against the US dollar, up 11 centavos from Thursday. It was
Higher transport prices raised inflation in June to 2.8% :NEDA
August 4, 2017
Price increases in the transport sector resulted in slightly higher inflation in July, the National Economic and Development Authority (NEDA) said Friday. Based on a report of NEDA-attached agency Philippine Statistics Authority (PSA), headline inflation increased to 2.8 percent in July 2017
Slim gains for stocks, peso surges to P50.27:$1
August 3, 2017
Stocks were flat on Thursday, with the main index closing with slim gains. The Philippine Stock Exchange index was 4,01 points higher to 7,876.66. In the broader market, there were 114 decliners, 83 gainers and 54 unchanged. Volume reached 917
PCC undertaking review of JTI’s acquisition of Mighty Corp.
August 3, 2017
The Philippine Competition Commission is reviewing the deal between the Japan Tobacco International and local cigarette manufacturing Mighty Corp., an official said on Thursday. In a press briefing in Malacanang, Philippine Competition Commission chairman Arsenio Balisacan said his office has
PSE first half operating revenues up 18%
August 2, 2017
The Philippine Stock Exchange, Inc. (PSE) said its operating revenues from January to June rose by 18.1 percent to P 662.53 million from P 560.81 million in the previous year due to double digit gains in listing- and trading-related fees.
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