MICC multi-stakeholders review to continue: DOF exec
May 4, 2017
The Department of Finance (DOF) respects the decision of the bicameral Commission on Appointments (CA) to reject the appointment of Gina Lopez as secretary of the Department of Environment and Natural Resources (DENR). But Finance Undersecretary Bayani Agabin said this
Mining fails to lift stock index
May 3, 2017
Stocks ended lower Wednesday despite a big gain in mining shares after the Commission on Appointments voted to reject the ad interim appointment of Gina Lopez as environment secretary. The Philippine Stock Exchange closed 20.84 points lower to 7,682.26 point.
Stocks up, peso weakens
May 2, 2017
Stocks climbed on Tuesday, driven mainly by mining issues a day before the Commission on Appointments decides whether Gina Lopez is confirmed as environment secretary. The Philippine Stock Exchange index rose 42.09 points to end at 7,703.10 as investors and
S&P confident on Philippines sustaining strong growth
May 2, 2017
Standard & Poor’s (S&P) has expressed confidence on the ability of the Philippines to sustain strong economic growth, raise per-capita incomes, and keep a healthy macroeconomic picture at least over the short term, the Investment Relations Office of the central
Stocks lower, peso nears P50 to the dollar
April 27, 2017
Stocks ended lower on Thursday, the last day of a shortened trading month. The Philippine Stock Exchange closed 65.44 points lower to end at 7,661.01. At the broader market, there were 172 decliners and 72 gainers with 62 issues unchanged.
Cambodia, Vietnam might overtake Philippines in tourism without infra buildup
April 27, 2017
Emerging economies such as Cambodia and Vietnam could soon outpace the Philippines, especially in the tourism sector, unless the Duterte administration pushes through with its unprecedented public investment program that aims primarily to close the country’s massive infrastructure backlog. In
Philex says first quarter core net income up 18 percent
April 27, 2017
The board of directors of Philex Mining Corp. Thursday announced a core net income of P458 million for the first quarter, 18 percent higher than year-ago figures of P389 million. The improvement was attributed to higher metal prices, partly offset
Stocks rally to close higher
April 26, 2017
Stocks rallied after the lunch break as the Philippine Stock Exchange index continued its ascent on Thursday. The index finished 25.99 points higher to 7,726.95. In the broader market, there were 98 winners, 81 losers and 55 unchanged. Gainers were
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