Revenue collections dip further in May amid COVID-19 economic fallout
June 19, 2020
The combined collections of the Bureaus of Internal Revenue (BIR) and of Customs (BOC) in the first five months of 2020 plunged to P874.91 billion, which is P289.06 billion or 24.83 percent short of what was collected in the same
Philippines’ external debt declines by $2.2 billion in the first quarter
June 19, 2020
Bangko Sentral ng Pilipinas Governor Benjamin Diokno announced Friday that the Philippines’ outstanding external debt stood at $81.4 billion as of end-March 2020, down by $2.2 billion (or 2.6 percent) from the $83.6 billion level as of end-December 2019. The
PSE index up, MerryMart declines
June 18, 2020
The Philippine Stock Exchange (PSE) index rose on Thursday even as newly-listed MerryMart fell 62 centavos to P2.75. The peso hit the day’s high of P49.96 against the US dollar but settled at P50.17. On Wednesday, the peso ended at
PSE index gains
June 17, 2020
The Philippine Stock Exchange (PSE) index gained on Wednesday. The PSE index closed at 6,282.01, up 0.26. In the broader market, there were 97 losers, 92 gainers and 61 unchanged. Volume reached 1.26 billion shares worth P8.08 billion from Tuesday’s
PHL, ADB ink US$500-M loan accord to aid 4Ps beneficiaries amid COVID-19 crisis
June 17, 2020
The Philippines has accessed a fresh US$500-million financing package from the Asian Development Bank (ADB) to help support the country’s immediate budgetary requirements to address the coronavirus crisis with the signing of a loan agreement for the Expanded Social Assistance
Duterte wants to consult businessmen on quarantine classifications
June 16, 2020
President Rodrigo Duterte said he would talked with the businessmen regarding the quarantine classifications in the country. “Later on as we ramble on probably tomorrow or day after, after I shall have talked to the businessmen, then we can decide
PSE index rebounds, MerryMart up for 2nd day
June 16, 2020
The Philippine Stock Exchange (PSE) rebounded from Monday’s steep decline on Tuesday. The PSE index closed at 6,281.75, up 117.93. In the broader market, there were 141 gainers, 54 losers and 46 unchanged. Merry Mart Consumer Corp., listed at the
PHL, Japan sign accords for P75-B loans for 2 ‘Build, Build, Build’ projects in the South
June 16, 2020
The Philippines and Japan signed Tuesday two loan agreements worth a combined P75.5 billion (about 154 billion yen) for two big-ticket projects in the Visayas and Mindanao under the “Build, Build, Build” infrastructure program, as the Duterte administration ramps up
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