Slim gains for stocks, peso declines slightly
January 9, 2017
Stocks closed with slim gains on Monday after a strong surge last week that pushed the main index at a key level. The Philippine Stock Exchange index closed 28.14 points to end at 7,276.34 points despite higher volume. Turnover reached
ADB operations reached record $31.5 billon in 2016
January 9, 2017
Operations by the Asian Development Bank (ADB) reached an all-time high of $31.5 billion in 2016, up 17 percent from 2015, a bank statement, citing preliminary figures, said Monday. The Manila-based bank said approvals of ADB loans, grants, technical assistance,
Toyota unveils concept car with AI and autonomous driving tech
January 6, 2017
LAS VEGAS– Toyota Motor Corp. unveiled Wednesday a concept car that has both built-in artificial intelligence and autonomous driving technology, and is designed to interact with the driver. The unveiling of the car dubbed “Concept i,” which the automaker says is
Stocks lose momentum but finish week higher
January 6, 2017
Stocks lost their momentum in the morning trading but the main index settled slightly higher in Friday’s trading. The Philippine Stock Exchange index, which was up close to 73 points at midday, gained 38.76 points to 7,248.20. This is the
Stocks, peso continue gain
January 6, 2017
Stocks and the peso sustained its New Year surge as of midday on Friday. The Philippine Stock Exchange index rose 72.96 points to 7,282.40 as of noon day. The peso was at P49.437 against the US dollar as of lunch
Philippines seeks yen loan for farm mechanization
January 6, 2017
The Department of Agriculture is proposing a yen loan with the Japan International Cooperation Agency (JICA) to the equivalent of P900 million for full mechanization of farming in a first batch of 10,000 hectares of rice farms under a program
Stocks soar for the second trading day
January 6, 2017
Stocks surged for the second session on Thursday, as the Philippine Stock Exchange index closed at 7,209.44 up 178.49 points or a gain of 2.54 percent. It was a two-month high for the index. Volume reached 1.33 billion shares valued
December inflation up slightly
January 6, 2017
Philippine inflation rose 2.6 percent in December due to seasonality and some tightness in supply of specific good items. Inflation in November was 2.5 percent, the Philippine Statistics Authority said Thursday. “The uptick in inflation last month was caused by
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