Growth momentum sustained despite political chatter: Dominguez
March 30, 2017
Finance Secretary Carlos Dominguez III said the latest positive outlook of Fitch Ratings on the Philippines is proof enough the political noise has “failed to dent” growth from its strong macroeconomic performance and continued political stability amid the Duterte administration’s
Fitch affirms Philippines’ investment grade rating
March 29, 2017
Fitch Ratings announced Wednesday it affirmed the Philippines’ investment grade sovereign credit rating at ’BBB-’ as well as the positive outlook on the rating. A positive rating outlook indicates an upward trend for a credit rating over a one-to two-year
Stocks, peso little changed
March 29, 2017
Stocks closed little changed on Wednesday, with the Philippine Stock Exchange index finishing 7.46 points down to 7,324 points. In the broader market, there were 107 declines and 79 gainers while 46 were steady. Losers were led by Apex Mining,
Philippine government debt grew to P6.208 trillion as of February
March 29, 2017
Philippine government debt grew to P6.208 trillion as of February up by 1.5 percent from end-January, the Bureau of the Treasury said on Wednesday. Of the total, 36 percent or P2.223 trillion came from external creditors while 64 percent, or
PAL Holdings board OKs equity restructuring to wipe out deficit
March 29, 2017
The board of directors of Philippine Airlines (PAL) Holdings Inc. approved an equity restructuring to wipe off its existing deficit and the additional deficit that will be booked upon the acquisition of Zuma Holdings Management, Inc. (ZUMA) and its subsidiary,
Stocks gain but peso weakens slightly
March 28, 2017
Stocks closed more one percent higher on Tuesday as the Philippine Composite Index finished 85.49 up to end at 7,331.46: At the broader market, advances led declines 100-80, with 48 remaining unchanged. Volume reached 1.59 billion shares valued at P6.62
Stocks lower, peso gains
March 27, 2017
Stocks closed lower on Monday, with the Philippine Stock Exchange index ending 23.65 points lower to 7,245.97. At the broader market, there were 91 declines, 80 advances and 51 issues unchanged Volume reached 1.02 billion shares worth P7.77 from Friday’s
Emperador’s net income up 11 percent to P7.7b in 2016
March 27, 2017
Emperador Inc., realized a net income of P7.7 billion last year, up 11 percent higher than 2015 and was achieved on consolidated revenues of P41 billion, a disclosure to the Philippine Stock Exchange said Monday. Margins were higher compared to
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