Philippines submits 40 ‘small, large’ projects for China financing, feasibility studies
January 25, 2017
BEIJING—A Philippine delegation led by Finance Secretary Carlos Dominguez III has submitted a total of 40 “large and small” infrastructure projects to China for possible loan financing and assistance in conducting feasibility studies, with more talks on details of these
Stocks flat, peso gains slightly
January 25, 2017
Stocks finished relatively unchanged in heavy volume on Tuesday as the main index declined by 3.70 points to end at 7,370.65. Turnover soared to 1.24 billion shares worth P7.89 billion from Monday’s 1.22 billion shares valued at P5.61 billion.
Stocks, peso gain after Trump inaugural
January 23, 2017
Stocks and the peso gained on Monday following the inaugural of President Donald Trump. The Philippine Stock Exchange index surged nearly two percent despite slightly higher foreign selling. The index closed at 7,374.35 points, up 141.69 points. Volume reached 1.22
SSI, Ryohin Keikakyui create joint venture firm to boost MUJI retail business
January 23, 2017
Stores Specialists Inc., a wholly-owned subsidiary of SSI Group Inc., has entered into an agreement with Ryohin Keikakyui Co. Ltd (RKJ) to form a joint venture company to further develop the MUJI retail business in the Philippines. SSI Group Inc
Philippine, Chinese officials to discuss infra projects
January 23, 2017
BEIJING—A high-level delegation from the Philippines, led by Finance Secretary Carlos Dominguez III, arrived here Monday for meetings with top-ranking Chinese officials to hammer out details of several proposed big-ticket projects China has offered for funding, which include irrigation systems,
Peso closes at P49.92 against the US dollar
January 20, 2017
The peso improved slightly on Friday after hitting a key level in the previous day, with the Philippine currency ending at P49.92 against the US dollar. On Thursday, the peso hit P50 in early trading before settling at P49.98. Volume
Toyota, others urged to build more plants in US
January 20, 2017
WASHINGTON– U.S. Commerce Secretary-designate Wilbur Ross on Wednesday urged Toyota Motor Corp. and other manufacturers to build more plants in the United States as part of efforts to reduce the U.S. trade deficit and increase employment. Speaking at his Senate
Peso hovers near 50 against the US dollar
January 19, 2017
The peso opened at P50 against the dollar and closed only a shade above that at P49.98 on Thursday, apparently due to a remark from US Fed chairman Janet Yellen that steady rate hikes may be needed. On Thursday, the
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