Palace saddened but not surprised over high unemployment rate in April
June 5, 2020
Malacañang admitted on Friday that it was saddened with the surge in the country’s unemployment rate in April. In a statement, Presidential Spokesperson Harry Roque, however, said the Palace was not surprised that unemployment rate released by the Philippine Statistics
PSE index lower after seven-day gain; peso at P49.80:$1
June 5, 2020
The Philippine Stock Exchange ( PSE) Index ended lower on Friday after rising for seven straight sessions. The peso closed at P49.80 from P50 on Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
PAL Holdings Inc losses soar in first quarter
June 5, 2020
PAL Holdings Inc., the operator of Philippine Airlines and PAL Express on Friday said losses ballooned in the first quarter as its operations were severely affected by ”worldwide travel restrictions due to coronavirus disease (COVID-19) outbreak. ” Total comprehensive loss
May inflation at 2.1% from previous month’s 2.2%
June 5, 2020
Inflation continued to move at a slower rate of 2.1 percent in May, from 2.2 percent in April. This brings the year-to-date inflation for 2020 at 2.5 percent. In May 2019, inflation was higher at 3.2 percent . Slowdown in
PSE index ends at 6,517.49
June 4, 2020
The Philippine Stock Exchange (PSE) index continued its march to the 7,000-point mark when it ended above 6,500 on Thursday. The peso closed at P50 against the US dollar after reaching a high of P49.92. On Wednesday, it closed at
PSE index ends above 6,000 points for 2nd day
June 3, 2020
The Philippine Stock Exchange ( PSE) index continued surging past the 6,000-point mark on Wednesday. The PSE index finished at 6,245.65, up 2220.48. In the broader market, there were 143 gainers, 59 losers and 44 unchanged. Volume reached 1.3 billion
Domestic air travel allowed provided not for leisure, with approval of LGUs, Tugade says
June 2, 2020
The National Task Force on COVID-19 has allowed the resumption of domestic commercial flights in the country, Department of Transportation Secretary Arthur Tugade said on Monday. In a virtual press briefing, the DOTr chief, however, said that two conditions have
PSE index breaches 6,000-point mark
June 2, 2020
The Philippine Stock Exchange (PSE) index breached the 6,000-point mark on Tuesday. The peso, which hit a high of P50.28 against the US dollar, ended at P50.34 from Monday’s P50.32. Volume at the foreign exchange portal of the Bankers Association
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