PSE index ends lower
July 7, 2020
The Philippine Stock Exchange (PSE) index ended 61.01 points lower to 6,267.40 on Tuesday. Volume reached 1.48 billion shares worth P7.59 billion from Monday’s 1.06 billion shares valued at P6.15 billion. In the broader market, there were 99 gainers, 96
More services allowed in barbershops, salons under GCQ, MGCQ, says Palace
July 7, 2020
The government is allowing barbershops and salons to offer more services to their customers in areas under the general community quarantine and modified GCQ, Malacañang said on Tuesday. In a press briefing, Presidential Spokesperson Harry Roque said the Department of
DOF maintains need for fiscal sustainability of stimulus plans even as state borrowings go up to beat COVID-19
July 7, 2020
Finance Secretary Carlos Dominguez III has maintained the Duterte administration’s position to anchor on fiscal prudence and sustainability any plans to stimulate the domestic economy amid the deepening coronavirus-induced global downturn, as state borrowings to beat the pandemic went up
Signs of manufacturing recovery seen as economy reopens- NEDA
July 7, 2020
The manufacturing sector is showing signs of recovery in May and is expected to continue its rebound as the Philippine economy gradually reopens, the National Economic and Development Authority (NEDA) said Tuesday. The recovery is seen in the increase in
June inflation at 2.5%, snapping four-month decline
July 7, 2020
The inflation rate in June rose 2.5 percent after four months of decline, the Philippine Statistics Authority (PSA) said Tuesday. Inflation in May was at 2.1 percent while year-ago figure was at 2.7 percent. ”The main source of the upward
PSE index ends lower
July 6, 2020
The Philippine Stock Exchange (PSE) index ended lower on Monday. The PSE index closed at 6,328.41, down 44.25. In the broader market, there were 103 gainers, 103 losers and 43 unchanged. Volume reached 1.06 billion shares worth P6.15 billion from
COA slaps disallowance notices on P377.3-M tax credits of 4 textile firms
July 5, 2020
The Commission on Audit (COA) has issued Notices of Disallowance (NDs) on tax credits worth a combined P377.29 million granted by the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS) to four textile firms covering a four-year period from 2008 to 2012,
Cabinet officials to present econ recovery, infra dev’t plans at first 2020 Pre-SONA forum
July 5, 2020
The Economic Development and Infrastructure Cabinet Clusters (EDC-IC) of the Duterte administration are set to present the government’s plans for recovery and resilience in the face of coronavirus-induced headwinds this year, at the first Pre-State of the Nation Address (Pre-SONA)
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