March 2017 gross international reserves at $80.87 billion
April 7, 2017
Preliminary data showed gross international reserves (GIR) was at $80.87 billion as of end-March 2017, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announced Friday. This level was lower by $0.57 billion than the end-February 2017 GIR of
Stocks lower after two-day big rally
April 6, 2017
Stocks closed lower on Thursday after a big two-day rally, with the Philippine Stock Exchange finishing 18.89 points lower to 7,565.32. At the broader market, there were 101 decliners, 91 gainers while 43 were unchanged. Turnover rose to 2.02 billion
Philippine economy may grow at “moderate” pace of 6.4 percent in 2017, rebound to 6.6 percent in 2018
April 6, 2017
The Philippine economy is likely to grow at a “moderate” pace this year compared to the previous year, but to rebound in 2018, the Asian Development Bank (ADB) said on Thursday. Citing the new Asian Development Outlook 2017, Joven Balbosa,
Jollibee 2016 revenues up 13 percent on audited financial statement
April 6, 2017
Jollibee Foods Corp., generated total revenues of P13.9 billion in 2016, up 13 percent over 2015. In a statement on Thursday, Jollibee said this is based on audited financial consolidated financial statements for 2016 which “differed only slightly from its
Stocks jump in hefty trading
April 5, 2017
Stocks jumped despite higher inflation numbers on Wednesday, with the key index finishing nearly two percent. The Philippine Stock Exchange index closed at 7,584.21, up 137.72 points. At the broader market, there were 111 gainers and 75 losers with 48
March inflation highest in over two years
April 5, 2017
Philippine inflation rose to 3.4 percent in March due to higher prices of electricity, gas and other fuel, the Philippine Statistics Authority said Wednesday. This is higher than 3.3 percent in February and the highest since 3.7 percent in November
Stocks finish higher, peso down slightly
April 4, 2017
Stocks jumped on Tuesday on the eve of Philippine inflation data for March. The Philippine Stock Exchange index gained 104.84 points to end at 7,446.49. At the broader market, there were 114 gainers and 79 decliners with 42 issues unchanged.
Atok acquires 20% of Forum Energy Limited
April 4, 2017
Atok Big Wedge said in a disclosure to the Philippine Stock Exchange on Tuesday it has acquired 20 percent of Forum Energy Limited. Forum has the license to Service Contract 72, an 8,800-square kilometer area west of Palawan, which is
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