Philippines wants to channel 1 trillion yen ODA to Mindanao, northern areas: official
January 15, 2017
The Philippine government wants to allocate Japan’s one trillion yen or about $9-billion pledge of assistance to projects that will bring development in Mindanao and northern part of Luzon, an official said. In a press conference in Davao City on
Philippines renews calls to Japanese firms to invest
January 13, 2017
DAVAO CITY- Philippine officials renewed on Friday their call to the Japanese locators to invest in the country, including Mindanao. In a business forum in Waterfront Insular Hotel , Trade and Industry Secretary Ramon Lopez cited several opportunities for investors
Stocks dip for the third session
January 13, 2017
Stocks closed lower for the third straight session on Friday as the Philippine Stock Exchange Index closed 26.03 points down to end 7,238.52 points. Volume was 1.43 billion shares valued at P5.37 billion from Thursday’s turnover of 2.68 billion shares
San Miguel spending up to P281 billion up to 3 years expand existing business
January 13, 2017
San Miguel Corp. said it would be spending up to P281 billion over the next three years to fund the expansion of its existing businesses. Ferdinand Constantino, chief finance officer and treasurer of San Miguel Corp. told the stock exchange
86% of households don’t have a deposit account: central bank survey
January 13, 2017
Eighty-six percent of households do not have a deposit account which means the remaining 14 percent save their money in banks, a central bank survey said Friday. In its 2014 consumer finance survey, it said the “foremost reason cited by
Stocks end lower for second straight day
January 12, 2017
Stocks closed lower for the second straight trading session on Thursday as the Philippine Stock Exchange index ending 57.27 points down to finish at 7,264.55. Volume increased at 2.68 billion shares worth P5.95 billion from Wednesday’s 1.74 billion shares valued
Foreign portfolio investments yielded $354 millions of inflows in 2016
January 12, 2017
Foreign portfolio investments last year yielded net inflows of $354 million, reversing outflows of $600 million in 2015, the central bank said Thursday. The inflows were largely due to an initial public offering by an industrial company, equity investments in
World Bank projects 2017 growth of 2.7% globally, 0.9% for Japan
January 11, 2017
WASHINGTON– Global economic growth is expected to accelerate 2.7 percent this year, up from an estimated 2.3 percent last year, but uncertainty over the policies of U.S. President-elect Donald Trump cloud the outlook, the World Bank said Tuesday. The Washington-based
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