Stocks down despite foreign buying
June 13, 2017
Stocks fell on Tuesday after a trading holiday on Monday due to Independence Day but foreigners were still buying shares. The Philippine Stock Exchange index declined 72.35 points to end at 7,917.89. In the broader market, there were 132 decliners,
San Miguel entering stock brokerage business
June 13, 2017
San Miguel Corp. will enter the stock brokerage business as its stock transfer unit will establish a 100 percent owned subsidiary, the firm said in a disclosure to the Philippine Stock Exchange on Tuesday. The stock transfer firm is called
Foreign direct investments Increase by 30.6% in March: central bank
June 13, 2017
Foreign direct investments (FDI) registered $509 million net inflows in March 2017, higher by 30.6 percent than the $390 million recorded in the comparable period in 2016, the central bank said in a statement Tuesday. On a cumulative basis, FDI
Infra buildup crucial to economic inclusion – DOF
June 11, 2017
The Duterte administration’s “Golden Age of Infrastructure” will not only sustain the Philippines’ growth momentum, but would also create more jobs and thereby lead to economic inclusion for all Filipinos, according to Department of Finance (DOF) Secretary Carlos Dominguez III. “One of our
Stock index tops 8,000 points, but closes lower
June 9, 2017
Stocks briefly hit new highs on Friday but the Philippine Stock Exchange index settled below 8,000 points. The index finished at 7,990.24 points, up 31.61. It was at 8,001.70 points after it gained 43.07 points an hour and a half
Consumer confidence at all-time high for second quarter: central bank
June 9, 2017
Consumers’ optimism improved for the second quarter as the central bank said Friday overall confidence index climbed to a double-digit record high of 13.1 percent. This is the fourth consecutive quarter that consumer confidence a positive reading, the central bank
Exports up 12.1 percent in April
June 9, 2017
Total trade in April grew to $11.7 billion with a 12.1 percent growth in exports offsetting a 0.1 percent in imports, the Philippine Statistics Authority (PSA) said Friday.. “For exports, East Asia and the EU remain the top destinations of
Stock index falls below 8,000 points
June 8, 2017
Stocks retreated from its high-water mark on Thursday as the key index finished below 8,000 points. The Philippine Stock Exchange index closed 43.69 points lower to 7,958.63 points. Volume reached 1.29 billion shares worth P9.23 billion. Foreigners were net buyers
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