Stocks slightly higher, peso rallies to P50.54:$1
July 25, 2017
Stocks closed slightly higher on Tuesday despite a downturn in some mining issues after President Rodrigo Duterte told mining companies he would tax them to death if they didn’t pay attention to environmental concerns. The Philippine Stock Index closed 9.08
Peso dips to P50.735:$1, stocks down
July 24, 2017
The peso weakened to P50.735 against the US dollar Monday from P50.710 on Friday. Volume declined to $284.9 million from the previous $P50.71 at the Philippine Dealing System. The Philippine Stock Exchange index closed 27.09 points lower to 7,962.64. In
Full collection of Mighty’s settlement offer depends on PCC approval
July 24, 2017
DAVAO CITY—The government’s full collection of Mighty Corporation’s civil settlement of its tax liabilities, which will amount to about P30 billion, will depend on how swiftly the Philippine Competition Commission (PCC) can approve the sale of the homegrown cigarette company’s
Peso recovers, stocks up despite Metrobank
July 21, 2017
The peso gained 17 centavos against the dollar on Friday in a week where it moved towards P51 to the US dollar. The peso finished at P51.71 from Thursday’s P50.88. Volume at the Philippine Dealing System reached $468.16 million from
Alliance Select firms up deal with Japanese partner
July 21, 2017
Listed international seafood company Alliance Select Foods International, Inc. (Alliance Select) has finally firmed up its business tie-up with Japanese firm Kawasho Foods Corporation (Kawasho) for the latter’s investment in a new Product Line Facility within the plant premises of
Peso gains 6 centavos to close at P50.88:$1
July 20, 2017
The peso gained six centavos from Wednesday’s close to finish at P50.88 against the US dollar on Thursday. The Philippine currency hit the day’s low of P50.93, or one centavo higher than the previous day but it rallied to end
Philippines can exceed lower end of 6.5% GDP growth target for 2017: NEDA chief
July 20, 2017
The Philippines is likely to exceed its lower end economic growth target of 6.5 percent for this year, government’s top economist said on Thursday. In a press briefing in Malacanang, Socioeconomic Planning Secretary Ernesto Pernia said, “it’s probable that we
Mighty to proceed with initial payment on tax case settlement offer :DOF
July 20, 2017
Finance Secretary Carlos Dominguez III said the Department of Finance (DOF) will receive the initial payment of P3.5 billion representing a portion of Mighty Corp’s tax liabilities, but stressed this does not mean it was agreeing to the firm’s settlement
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