Stock market ends mixed
June 23, 2020
The Philippine Stock Exchange (PSE) ended mixed on Tuesday even as MerryMart continued to be the most active stock. The peso closed to P50.19 against the US dollar from P50.14 on Monday. Volume at the foreign exchange portal of the
Palace backs 2 Philippine banks dragged in Wirecard controversy
June 23, 2020
Malacañang assured on Tuesday that the Philippines would not become a destination of laundered money amid the controversy involving the German firm Wirecard AG. Presidential Spokesperson Harry Roque made the statement after two Philippine banks – BDO Unibank, Inc. and
East-West Bank not for sale, says Filinvest Development Corp.
June 23, 2020
East-West Banking Corp. is not for sale as it addressed queries and rumors it is to be acquired by another bank, Filinvest Development Corp. (FDC) told the Philippine Stock Exchange (PSE) on Tuesday. “We have been getting some queries from
Better currency swap system among ASEAN, partner-economies takes effect on June 23
June 23, 2020
The amended Chiang Mai Initiative Multilateralization (CMIM) agreement is set to take effect today (June 23), offering a stronger currency swap arrangement and financial safety net among Association of Southeast Asian Nations (Asean) member-states and their partner-economies in the region.
BOJ Members Sought Active JGB Buying at April Meeting: Minutes
June 19, 2020
Tokyo- Some members of the Bank of Japan’s Policy Board at its April 27 monetary policy meeting stressed the need for the central bank to further increase its purchases of Japanese government bonds, minutes of the meeting showed Friday. They
Toshiba Outside Director Kobayashi to Step Down
June 19, 2020
Tokyo- Yoshimitsu Kobayashi, former chairman of the Japan Association of Corporate Executives, or Keizai Doyukai, will step down as an outside director of Toshiba Corp., it was learned Friday. Kobayashi, 73, who is also chairman of Mitsubishi Chemical Holdings Corp.,
PSE index lower; MerryMart gains
June 19, 2020
The Philippine Stock Exchange (PSE) ended lower on Friday. The PSE index went down by 33.38 points to 6,315.07. In the broader market, there were 101 losers, 89 gainers and 54 unchanged. Volume reached 1.58 billion worth P12.4 billion from
Q1 2020 BOP position reverses to a deficit of US$68 million
June 19, 2020
The country’s balance of payments position (BOP) registered a deficit of US$68 million in Q1 2020, a turnaround from the US$3.8 billion surplus posted in the same quarter last year. Based on preliminary data, the reversal of the BOP position
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