Duterte eyes P3.8 trillion budget for 2018
January 19, 2017
The Duterte administration is eyeing P3.8 trillion budget for next year. In a chance interview in Malacanang on Thursday, Budget Secretary Benjamin Diokno said his office is working for a higher budget of P3.8 trillion in 2018.. On January 17, the
Stocks recover from big fall
January 18, 2017
Equities bounced back on Wednesday as the Philippine Stock Exchange index closed 33.03 points higher to 7, 156.36. On Tuesday, the index settled 1.59 percent lower to 7.123.33 points Volume was lower as turnover reached 1.53 billion shares valued P4.98
Stocks down, peso ends with slim gains
January 17, 2017
Stocks slumped as the main index closed 1.59 percent lower while the peso finished with slim gains on Tuesday. The Philippine Stock Exchange closed at 7,123.33 points as volume remained low. Turnover reached 2.2 billion shares worth P5.15 billion from
Stocks end flat, peso declines
January 16, 2017
Stocks closed virtually unchanged in slim volume on Monday as the market waits for the inauguration of US President Donald Trump this week. The Philippine Stock Exchange index closed 0.07 points lower to 7,238.45. Volume reached 3.19 billion shares worth
Philippines can’t sustain above 6% GDP growth without tax reform: Dominguez
January 16, 2017
The Philippines would be hard put to sustain gross domestic product (GDP) growth above 6 percent without a big infrastructure buildup funded mainly via tax reform, the Department of Finance (DOF) said. Finance Secretary Carlos Dominguez III said without tax
Personal remittances up in November
January 16, 2017
Personal remittances from overseas Filipino workers rebounded in November mainly due to more transfers from land-based workers with employment contracts of one year or more, the central bank said Monday. The central bank said workers remitted $2.4 billion, up 18.4
ICTSI Manila hits shipping milestone
January 16, 2017
The Manila International Container Terminal (MICT), International Container Terminal Services, Inc.’s (ICTSI) flagship operation and the Philippines’ largest, most technologically advanced container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth twenty-foot equivalent units (TEU)
Metro Pacific says it still keen on contract to operative five regional airports despite changes in terms
January 15, 2017
Metro Pacific Investments Corp. said it remains keen on a contract to operate and maintain five regional airports despite changes in terms. “It looks like its a major change from what it was. But we will still look at it,”
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