Rockwell Land signs joint venture with Mitsui Fudosan on residential component of Katipunan project
July 17, 2017
Rockwell Land has signed a joint venture agreement with Mitsui Fudosan Co. Ltd of Japan to develop the residential component of its project in Quezon City, a disclosure to the Philippine Stock Exchange said Monday. The project, called The Arton,
Peso closes at P50.65 against US dollar
July 14, 2017
The peso declined by 12 centavos to close at P50.65 against the US dollar on Friday, capping a week where the Philippine currency hit near 11-year lows. Central bank governor Nestor Espenilla Jr and Budget Secretary Ben Diokno said this
Proposed P3.767 trillion for 2018 budget prioritizes education, infrastructure: DBM
July 14, 2017
The Department of Budget and Management (DBM) outlay for 2018 which it lays down as P3.767 trillion national budget has the biggest allocation to education and infrastructure development. The second national budget crafted under the Duterte administration represents 21.6 percent
Foreign portfolio investments yield net inflows in June: central bank
July 13, 2017
Registered foreign portfolio investments in June reached $2 billion, higher by 35.8 percent and 11.4 percent than the US$1.5 billion figure in May and the $1.8 billion a year ago. This may be attributed to positive investor sentiment relative to
Peso closes at P50.53 against US dollar
July 13, 2017
The peso weakened slightly in the afternoon session but still closed at P50.53 against the US dollar on Thursday from the previous day’s P50.55. The peso surged to P50.40 in morning trading but went down slowly after lunch time. Volume
Peso steadies, closes at P50.55 against US dollar
July 12, 2017
The peso remained steady on Wednesday even as central bank governor Nestor Espenilla Jr urged Filipinos not to “stress” over the Philippine currency’s recent declines. The peso closed at p50.55 against the US dollar from P50.53. Volume at the Philippine
Capital market reforms have made bourse more inclusive and vibrant: Dominguez
July 12, 2017
Finance Secretary Carlos Dominguez III said continuing reforms in the capital market have made this sector more inclusive and averse to insider trading, which has buoyed investor confidence in the stock exchange whose capitalization surged to over P16.4 trillion this year. With the
Peso dips to new near 11-year low of P50.87, closes at P50.53 against US dollar
July 11, 2017
The peso wobbled to a new 11-year low of P50.87 against the dollar in morning trading before it rallied to close at P50.53 versus the greenback on Tuesday. The closing figure was stronger than Monday’s close of P50.595. Volume at
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