PSEi ends higher on Friday

December 11, 2020

The Philippine Stock Exchange index (PSEi) gained 91.73 points to end at 7, 246.16 on Friday. In the broader market, there were 75.93 billion shares worth P9.89 billion from Thursday’s 150.03 billion shares valued at P7.64 billion. Most active shares

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Peso gains vs US dollar, finishes at P48.05:$1

December 9, 2020

The Philippine peso ended higher against the US dollar at it finished at P48.05 on Wednesday from Monday’s P48.08. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $505.8 million from Monday’s $539.45 million. The

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Gov’t seeks ADB help on reopening economy without risking COVID-19 case spike

December 9, 2020

  Cabinet Secretary Karlo Nograles on Wednesday said the government is consulting the Asian Development Bank (ADB) on how they can continue  reopening the economy while assuring there will be no surge in COVID-19 cases . In a virtual forum,

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Expect much improved services with “cut-throat” competition by Q1 next year as 3rd telco enters market – NTC

December 8, 2020

Filipinos have to wait until March next year to expect much improved services from telecommunication firms as “cut-throat” competition would take place starting that time with the entry of the third telco in the market, the National Telecommunications Commission said

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Peso ends at P48.08 against US dollar

December 7, 2020

The Philippine peso ended at P48.08 against the US dollar on Monday. On Friday, the peso closed at P48.04 against the greenback after hitting an intra-day four year of P48.02. Volume at the foreign exchange portal of the Bankers Association

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Domiguez thumbs down passage of Bayanihan 3; says economy just waiting for fear factor to be removed

December 4, 2020

Finance Secretary Carlos Dominguez III has rejected a move for the passage of Bayanihan 3 bill, citing the still unspent budget and the “tight” fiscal situation. In a virtual press conference after the Development Budget Coordination Committee meeting on Thursday,

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Peso closes at P48.04 against US dollar

December 4, 2020

The Philippine peso hit a four-year intraday high of P48.02 against the US dollar before closing at P48.04 on Friday. The peso closed at P48.045 against the greenback on Thursday. Volume at the foreign exchange portal at the Bankers Association

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Philippines to earmark 9.1% of GDP in recovery plan amid pandemic – Duterte

December 4, 2020

The Philippine government is allocating 9.1 percent of the country’s gross domestic product on the recovery effort amid the coronavirus pandemic. President Rodrigo Duterte said this early Friday in his statement at the Special Session of the United Nations General

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