Stocks soar, peso gains
April 25, 2017
Stocks soared on Tuesday, with the main index gaining 1.47 percent and the broader market positive. The Philippine Stock Exchange index rose 111.58 points to end at 7,700.46, a level last seen in October 2016. In the broader market, there
ADB annual operations top $30 billion for first time
April 25, 2017
The Asian Development Bank’s (ADB) annual operations exceeded the $30 billion mark for the first time in its 50-year history in 2016r as regional demand for development finance and knowledge — particularly on infrastructure — continues to grow, according to
DOF, DOH ink pact on Chinese grant for drug rehab/rehabilitation facilities
April 25, 2017
The departments of finance and of health have signed a memorandum of agreement (MOA) on the construction of drug rehabilitation facilities to be funded by a RMB 50-million yuan grant from China. The RMB 50-millionyuan aid, equivalent to $7.5 million,
Stocks mixed, peso slightly lower
April 24, 2017
Stocks finished mixed on Monday as the index gained but the broader market showed a decline. The Philippine Stock Exchange index rose 10.72 points to end at 7,.588.88. In the broader market, there were 109 losers, 84 gainers and 52
SMIC acquires 61.21 % of dormitory buildings operator
April 24, 2017
SM Investments Corp. said it has acquired 61.21 percent of Philippines Urban Living Solutions, which operates dormitory buildings under the My Town brand. In a disclosure to the Philippine Stock Exchange on Monday, SM Investments Corp.said the acquisition, done on
DOF execs attending World Bank spring meeting
April 23, 2017
Key officials of the Department of Finance (DOF) are attending the annual spring meetings of the World Bank this month in Washington DC to discuss with global investors, credit rating agencies and representatives of other countries bright economic prospects for
Stocks, peso gain
April 21, 2017
Stocks closed higher on Friday, as the Philippine Stock Exchange closed 14.71 points higher to 7,578.16 points. In the broader market, there were 107 gainers compared to 88 decliners with 44 issues unchanged. Japanese stock brokerage firm Daiwa bought a
Stocks higher, peso declines
April 20, 2017
Stocks closed higher on Thursday, as the Philippine Stock Exchange index finished 40.47 points up at 7,563.45. At the broader market, there were 96 decliners and 94 gainers, with 43 unchanged. Volume reached one billion shares valued at P5.94 billion.
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