World Bank expects economy to grow 6.8% in 2017
July 1, 2017
The World Bank projects continued robust growth for the Philippines and expects the country’s economy to expand at 6.8 percent in 2017, a statement by the lending institution said Saturday. The World Bank has updated the economic outlook for the
Peso weakens to P50.60, rallies to close at P50.47 against US dollar
June 30, 2017
The peso opened at an intraday low of P50.60 against the US dollar but recovered in afternoon trading to close at P50.47 on Friday. The peso closed at P50. 53 on Thursday. Volume at the Philippine Dealing System reached $760.90
Net liability position decreased as of end March: central bank
June 30, 2017
The country’s net liability position decreased from $30.6 billion in end-December 2016 to $27.5 billion as of end-March 2017 following a 1.3 percent increase in total external financial assets and a marginal decrease of 0.5 percent in external financial liabilities,
Residential real estate prices up 1.1% in first quarter: central bank
June 30, 2017
Residential real estate prices went up by 1.1 percent in the first quarter, as the Residential Real Estate Price Index (RREPI) rose to 117.2 from 115.9 for the same quarter a year ago, the central bank said Friday. Year-on-year growth
Medalla retained; Favila, Abacan new members of Monetary Board
June 29, 2017
President Duterte has retained former socioeconomic planning secretary Felipe Medalla and appointed two new members—Peter Favila and Dr. Antonio Abacan Jr.—to the Monetary Board (MB), the Department of Finance (DOF) said Wednesday. Finance Secretary Carlos Dominguez III said Medalla, Favila
Peso hits intraday low of P50.575, closes at P50.53
June 29, 2017
The peso hit an 10-year-low of P50.575 against the US dollar in intraday trading before closing at P50.53 against the greenback on Thursday. Jonas Ravelas of BDO said “the effect of Fed hike and anticipation of another one within the
Peso dips to P50.50 against US dollar, stocks down
June 28, 2017
The peso hit an intraday low of P50.505 but closed at P50.50 against the US dollar in heavy trading on Wednesday. It closed at P50.29 on Tuesday. Volume at the Philippine Dealing System reached $1.27 billion from Tuesday’s $452.65 million.
NEDA Board approves National Transport Policy, 11 projects
June 28, 2017
A National Transport Policy (NTP) was adopted by the National Economic and Development Authority Board at Malacanang Tuesday that aims to unify all transport-related projects in the country. In particular, the policy will synchronize decisions and investments of all transport-related
Latest Videos
- GEORGE SOROS BLASTED THE U S FOR SUPPORTING ISRAEL ON NOT WORKING WITH HAMAS
- WIKILEAKS REVELATIONS SHOW U S ‘IGNORED’ TORTURE FROM THE WAR IN IRAQ
- THE ROOTS OF THE ISRAEL PALESTINE CONFLICT
- TUCKER CARLSON QUESTIONS U.S SUPPORT FOR ISRAEL WAR
- RFK Jr TO RUN FOR PRESIDENT AS INDEPENDENT, DECLARING INDEPENDENCE FROM THE TWO POLITICAL PARTIES
- JAPANESE VIROLOGIST SAYS OMICRON MAY HAVE BEEN MANUFACTURED
- JAPANESE VIEW & FILIPINO BEAUTY
