Stocks up slightly on lower volume
February 13, 2017
Stocks gained slightly on lower volume on Monday, with the Philippine Stock Exchange gaining 26.96 points to end at 7,262.17. Turnover reached 2.72 billion shares valued at P5.86 billion from Friday’s 5.75 billion shares valued at P7.24 billionn. Foreign selling
Stocks, peso down slightly
February 10, 2017
Stocks lost ground on Friday despite improvement in mining shares and holding firms sub-indices. The Philippine Stock Exchange index declined 17.45 points to 7,235.21. Volume reached 5.75 billion shares valued at P7.24 billion from the previous day’s 5.76 billion shares
Electricity rates go up in February: Meralco
February 10, 2017
After power rates a seven-year low overall rate of P8.09 per kilowatt hour in January, Meralco said Friday, power rates for households will be increased by 92 centavos for February. The overall rate is now P9.00 per kilowatt hour, the
Foreign direct investments recorded net inflows of $756 million
February 10, 2017
Foreign direct investments recorded net inflows of $756 million in November 2016, higher by 59.4 percent than the $474 million in the same period in 2015, the Bangko Sentral ng Pilipinas said Friday The bulk of the net inflows was
Manufacturing grew by double digit in 2016
February 10, 2017
Manufacturing output posted double-digit growth in December 2016 and full-year 2016 due to increase in production of petroleum products, food manufactures, and transport equipment, according to the National Economic and Development Authority (NEDA) Friday. Based on the Philippine Statistics Authority’s
Stocks up, peso unchanged
February 9, 2017
Stocks rose on Thursday as the Philippine Stock Exchange index rose 17.84 points to 7,252.66 points. Volume gained slightly from the previous session with 5.76 billion shares worth P6.69 billion from 5.14 billion valued at P6.48 billion. Foreign selling still
Central bank keeps policy rates
February 9, 2017
The Philippine central bank kept its policy rates steady for the sixth month, its policymaking body said in a statement on Thursday. The overnight lending rate stays at three percent, the level at which the central bank imposed an interest
Economic managers recommend alternative to “across-the-board’ free tuition proposal
February 9, 2017
In a joint position paper, the economic managers of the Philippine government recommended funding the Unified Student Financial Assistance System for Tertiary Education (UniFAST) as a better alternative to proposed legislations on free tuition for all undergraduate students in state
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