Progressive auto tax plan won’t affect industry growth: DOF
June 5, 2017
The domestic automobile industry will continue to thrive and sustain its growth momentum amid the Duterte administration’s plan to make the excise tax system more progressive, by among others, replacing a four-bracket system with a five-tier structure that will impose
Stocks give up early gains to end lower
June 2, 2017
Stocks gave back early gains Friday as reports of higher casualties in an attack by a gunman at Resorts World filtered in. The Philippine Stock Exchange Index closed 19.83 points down to 7,907.66 after the barometer advanced during early trading.
Foreign buying boosts shares
June 1, 2017
Stocks rose on Thursday, supported by foreign buying. The Philippine Stock Exchange Index closed 90.37 points higher to 7,927.49 points. In the broader market, there were 127 gainers, 82 decliners and 49 remaining unchanged. Volume reached 1.49 billion shares worth
Stocks lower despite net foreign buying
May 31, 2017
Stocks closed lower on Wednesday despite higher buying from foreign funds. The Philippine Stock Exchange Index finished down 23.65 points to 7,837.12. In the broader market, there were 107 decliners, 99 gainers and 39 unchanged. Volume reached 1.85 billion shares
San Miguel Corp. to build first brewery in the US at Los Angeles
May 31, 2017
San Miguel Corp. said it is planning to build a $150 million brewery in Los Angeles and two more facilities in Cagayan de Oro and Iloilo, the firm said in a disclosure to the Philippine Stock Exchange Wednesday. Ferdinand Constantino,
Stocks end lower despite foreign buying
May 30, 2017
Stocks ended lower on Tuesday as the Philippine Stock Exchange Index shed off 25.26 points to 7,860. 77 despite foreign buying. In the broader market, there were 105 decliners, 77 gainers while 58 were unchanged. Volume reached 1.33 billion worth
Stocks up, Eagle Cement debuts at bourse
May 29, 2017
Stocks ended with slight gains on Monday, with the Philippine Stock Exchange index closing 18.54 points higher at 7,886.03. In the broader market, advancers and decliners tied at 95 all, while 54 were unchanged. Volume reached 1.11 billion shares valued
Duterte certifies tax reform bill as urgent: finance department
May 29, 2017
Following a request from the Department of Finance, President Rodrigo Duterte certified on Monday as an urgent measure for congressional approval the eight-month-old Tax Reform for Acceleration and Inclusion Act . “We are transmitting this letter of President Rodrigo Roa
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