Alibaba takes down ad listings on sale of fake cigarette stamps
April 16, 2017
Global e-commerce firm Alibaba has taken down its online listings that advertise the sale of fake cigarette stamps, in response to last month’s request by Finance Secretary Carlos Dominguez III, and assured the Philippine government that it will continue to
Philippines to grow 6.9 percent in 2017, 2018: World Bank
April 11, 2017
The Philippine economy may expand at 6.9 percent this year and in 2018 due to government’s commitment to further increase public infrastructure investment, the World Bank said on Tuesday. The new projection was slightly lower than the 7.0 percent estimate
Strong exports, imports drive trade growth in February: NEDA
April 11, 2017
Double-digit growth in exports and imports pushed up total merchandise trade of the Philippines by 16.1 percent, the National Economic and Development Authority (NEDA) said Tuesday. Based on the Philippines Statistics Authority’s report, total trade grew to $11.3 billion backed
Stock index at six-month high, peso closes at P49.705
April 10, 2017
The Philippine Stock Exchange index finished at a six-month high while the peso strengthened on Monday. The index gained 34.16 points to finish at P7,617.91. The broader market saw 101 gainers, 88 decliners and 50 unchanged. Volume reached 1.48 billion
Foreign direct investments post $685m net inflows in January
April 10, 2017
Foreign direct investments (FDI) net inflows rose by 13.2 percent to reach $685 million in January, the central bank said Monday. “This developed as investors remain optimistic on the growth potential of the economy backed by strong macroeconomic fundamentals,” a
Electricity rates slightly go up this April: Meralco
April 10, 2017
Meralco announced that the increase for April 2017 for a typical household will amount to 23 centavos per kWh, bringing the overall rate to P9.89 per kWh from last month’s rate of P9.67 per kWh. This amounts to a P45
ASEAN reaffirms commitment to growth amid global uncertainties
April 7, 2017
LAPU-LAPU CITY—The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) reaffirmed Friday their commitment to promote economic growth and strengthen financial integration and stability in the region to guard against risks in the global economy arising
Stocks lose early gains, peso gains to P50.08 to the dollar
April 7, 2017
Stocks settled for slim gains after the key index soared to as high as 90 points at the one stage on Friday. The Philippine Stock Exchange index closed at 7,583.75 points, up 18.43 points. In the broader market, there were
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