Stocks end six-day winning streak
January 11, 2017
Stocks closed lower after six days of gains on Wednesday. The Philippine Stock Exchange index declined 42.52 points to end at 7,321.82 points. Volume declined to 1.74 billion shares worth P7.15 billion from Tuesday’s 5.61 billion shares worth P8.95 billion.
Ayala Corp. energy subsidiary sign agreements to develop Indonesian wind farm project
January 11, 2017
Ayala Corp. energy subsidiary sign Indonesian wind farm project agreement AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, signed investment agreements with UPC Renewables Indonesia Ltd for the development, construction, and operation of a wind farm project in
Government pushes for higher gas and diesel taxes, safety nets readied
January 11, 2017
With world oil prices low, the government is losing an estimated P145 billion in potential annual revenues, or about one percent of gross domestic product because gasoline excise taxes have stayed the same in the last two decades and diesel
Japan’s consumer confidence up in Dec., 1st improvement in 3 months
January 10, 2017
TOKYO– Japanese consumer confidence rose in December from the previous month, improving for the first time in three months and hitting the highest level in three years and three months, amid the solid performance of Tokyo stocks and a weak
Toyota to invest $10 bil. in U.S. over 5 years
January 10, 2017
DETROIT, USA– Toyota Motor Corp. will spend $10 billion in U.S. capital investments over the next five years, President Akio Toyoda announced Monday, under an arrangement the automaker says predates U.S. President-elect Donald Trump’s threat to penalize it for plans
Foreign direct investments up 22.2 percent from January to October
January 10, 2017
Foreign direct investment net inflows reached $6.2 billion during the January to October period, up 22.2 percent from $5.1 billion in the same period last year, the central bank said Tuesday. Nearly two-thirds of FDI net inflows were in the
Stocks up for sixth session
January 10, 2017
Stocks closed higher for the sixth straight session, with the main index closing over one percent on Tuesday. The Philippine Stock Exchange Index settled at 7,364.34, up 88 points. Volume turnover reached 5.61 billion shares valued at P8.95 billion. Foreign
Total trade up despite decline in exports for November
January 10, 2017
Exports declined 7.9 percent in November but imports surged close to 20 percent, driving total merchandise trade higher, the Philippine Statistics Authority (PSA) said Tuesday. Total trade grew by $12 billion as imports reached $7.3 billion and exports $4.7 billion
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