Philippines “very careful” in dealing with China: Pernia
July 20, 2017
Socioeconomic Planning Secretary Ernesto Pernia assured on Thursday the Philippine government would be very cautious in utilizing loans from China. Pernia, also director general of the National Economic and Development Authority, made the assurance following the warning of former President
Peso ends six centavos away from P51:$1
July 19, 2017
The peso closed at a new near 11-year low of P50.94 against the US dollar on Wednesday, down 17 centavos from the previous day. The Philippine currency hit a low of P50.95 in morning trading before steadying to end the
Duterte inks amendments to Anti-Money Laundering Law to include casinos
July 19, 2017
President Rodrigo Duterte has signed into law a bill that includes casinos among the “covered persons” being monitored by the Anti-Money Laundering Council. Republic Act No. 10927 or “An Act Designating Casinos as Covered Persons Under Republic Act No. 9160,
Peso slips to P50.83 vs US dollar before recovering to P50.77
July 18, 2017
The peso slid to a near 11-year low of P50.83 against the US dollar in intraday trading but rallied to close at P50.77 on Tuesday. The Philippine currency closed at P50.70 against the US dollar on Monday. Volume reached $653
Pangilinan willing to divest stake in Philippine Daily Inquirer
July 18, 2017
Tycoon Manuel V. Pangilinan said he is will divest his stake in Philippine Daily Inquirer if the price is right. “If there’s an offer to buy our stake at an acceptable price, we are willing to divest,” Pangilinan said in
Peso weakens to P50.70:$1
July 17, 2017
The peso weakened by five centavos to finish at P50.70 against the US dollar on Monday. Volume at the Philippine Dealing System was a low $255.95 million from Friday’s $379.45 million. The Philippine Stock Exchange index closed 48.60 points higher
Owner of top Philippine newspaper says in talks to sell stake to San Miguel Corp. president
July 17, 2017
A top Philippine newspaper said Monday it is in talks to be bought by the president of San Miguel Corp., the country’s biggest conglomerate. In a statement, the Philippine Daily Inquirer said its chairman Marixi Prieto, confirmed today she has
Personal remittances grew 5.2% to $12.6 billion from January to May: central bank
July 17, 2017
Personal remittances from overseas Filipinos amounted to $12.6 billion, growing 5.2 percent year-on-year from January to May, central bank governor Nestor Espenilla said in a statement on Monday. Personal remittances from land-based workers with contracts of one year or more
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