Stock index at new year high despite BPI glitch
June 7, 2017
Stocks rose with the key index finishing at its highest for the year despite a system glitch that affected the electronic operations of the Bank of the Philippine Islands on Thursday. The Philippine Stock Exchange index gained 49.20 points to
Philippines welcomes South Korea’s offer to finance infra project
June 7, 2017
The Philippines welcomed the offer of the South Korean government to finance key infrastructure programs of the country, increasing prospects to implement projects under the Philippine Development Plan 2017–2022, the National Economic and Development Authority (NEDA) said Wednesday. From May
NEDA-ICC approves Mindanao railway project
June 7, 2017
The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee (ICC), in its joint ICC-technical board and cabinet committee meeting on June 1 approved the Mindanao Railway Project’s Tagum-Davao-Digos (MRP-TDD) segment and two other rail projects of the Department
Stocks retreat after key index sets year’s high
June 6, 2017
Stocks retreated on Tuesday after setting the key index set the highest mark for the year even as foreigners were net buyers, The Philippine Stock Exchange index closed 48.26 points lower to 7,953.12. In the broader market, there were 116
Tourism secretary’s husband named board member of Land Bank subsidiary
June 6, 2017
President Rodrigo Duterte has appointed to a government post the husband of Tourism Secretary Wanda Teo, according to an official statement on Tuesday. Roberto Teo was named as a member of the Board of Directors of Land Bank of the
May inflation eased to 3.1 percent from 3.4 percent in April
June 6, 2017
The inflation rate for May eased to 3.1 percent from 3.4 percent in April due to slower price adjustments in food and non-food commodities, the Philippine Statistics Authority said Tuesday. Inflation for the food and non-alcoholic beverages subgroup eased to
World Bank revises up Japan 2017 growth forecast to 1.5%
June 5, 2017
WASHINGTON- The World Bank said Sunday that it projects 1.5 percent growth in Japan’s real gross domestic product for 2017, up 0.6 percentage point from its previous forecast in January. “Growth has picked up in 2017, supported by a recovery
Philippine stock market closes at highest level for the year
June 5, 2017
The Philippine Stock Exchange index (PSEi) closed at its highest level for 2017 at 8,001.38, up by 93.72 points or 1.2 percent from Friday’s closing level of 7,907.66. The PSEi closed at an all-time high of 8,127.48 on April 10,
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