Moody’s affirms Philippines Baa2 rating, points out domestic risks
June 27, 2017
Moody’s Investors Service on Tuesday affirmed the Philippines’ Baa2 long-term issuer and senior unsecured debt ratings and maintained the outlook at stable. In a statement, Moody’s said:” the affirmation of the Baa2 rating and the assignment of a stable outlook
Stocks up, peso dips to P50.29:$1
June 27, 2017
Stocks closed higher even as the broader market showed a decline as trading resumed following a national holiday on Monday. The Philippine Stock Exchange index gained 62.80 points to 7,876.37 points on Tuesday. At the broader market, there were 103
Philippines eyes top 20 in ease of doing business
June 27, 2017
The Philippines is eyeing to be at the top 20 by 2020 in the World Bank-International Finance Corporation Doing Business Report. “You know, what we’re really targeting is top 20, top 20 by 2020,” Trade and Industry Secretary Ramon Lopez
Lower VAT rate possible if gov’t succeeds in plugging tax leakages – DOF
June 25, 2017
A lower value-added tax (VAT) rate on goods and services–now pegged at 12 percent–is possible once the government is able to clean up the tax system and plug leakages arising from the myriad of exemptions from this consumption tax, according
Peso opens weaker, but recovers to close at P50.22
June 23, 2017
The peso opened at an intraday low of P50.38 to the US dollar but rallied to close slightly higher on Friday even as it remained below the P50 level. The peso closed P50.220 from Thursday’s P50.345. Volume at the Philippine
Monetary Board keeps policy rates
June 22, 2017
The Monetary Board kept its policy rates steady on Thursday, a few weeks before the retirement of central bank governor Amando Tetangco Jr. In a statement, the Monetary Board it is keeping the reverse repurchase rate at 3 percent. Overnight
Peso closes at P50.29 against US dollar
June 21, 2017
The peso fell on Wednesday to P50.290 against the US dollar from P50.10 on Tuesday on lower volume at the Philippine Dealing System. The peso hit a day’s low of P50.295 against the US dollar before recovering slightly. Turnover reached
Stocks down, peso at P50.10 against US dollar
June 20, 2017
Stocks closed lower while the peso breached the P50 to the US dollar mark on Tuesday. The Philippine Stock Exchange index finished 25.89 points lower to 7,917.86. In the broader market, there were 95 gainers, 91 decliners and 52 unchanged.
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