DBCC sees further GDP contraction for this year; but to bounce back up to 10% growth by 2022

December 3, 2020

By Celerina Monte The Philippine economy is likely to fully recover next year and post even double-digit gross domestic product growth by 2022 after a full-year projected contraction in 2020. The Development Budget Coordination Committee (DBCC) revised on Thursday the

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Peso ends at new four-year high of P48.05:$1

December 1, 2020

The Philippine peso closed to a new four-year high of P48.05 against the US dollar from P48.06 on Friday. Volume at the Bankers Association of the Philippines foreign exchange portal reached $722.6 million from $783.4 million on November 27. The

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Economy and governance make Philippines ”promising investment destination” for Japan: Dominguez

December 1, 2020

Finance Secretary Carlos Dominguez III on Tuesday hoped the country’s strong fundamentals, fiscal stamina, and effective governance will continue to make a “promising investment destination and growing market” for Japanese investors. During Philippine-Japan Business Investment Virtual Forum, Dominquez cited the plans made

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Peso ends at new four-year high of P48.06 vs US dollar

November 27, 2020

The Philippine peso closed at a new four-year high of P48.06 against the US dollar on Friday. On Thursday, the peso closed at P48.115 against the greenback. Volume at the foreign exchange portal of the Bankers Association of the Philippines

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Peso hits intraday four-year high of P48.08 vs US dollar before ending at P48.115

November 26, 2020

The Philippine peso hit an intraday four-year high of P48.08 against the US dollar before closing at P48.115 on Thursday. On Wednesday, the peso ended at P48.13. Volume at the foreign exchange portal at the Bankers Association of the Philippines

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TRB says 100% ready to implement cashless toll transactions

November 25, 2020

The Toll Regulatory Board (TRB) on Wednesday said they are 100 percent ready to implement the order of the Department of Transportation (DOTr) on cashless and contactless transactions in toll gates on December 1. In a press briefing, TRB Executive

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Peso closes at four-year high P48.13:$1

November 25, 2020

The Philippine peso hit a four-year high of P48.11 against the US dollar on Wednesday before finishing at P48.13 at the foreign exchange portal of the Bankers Association of the Philippines. This was the strongest the peso reached since reaching

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PSEi down, peso at P48.145:$1

November 24, 2020

The Philippine Stock Exchange index (PSEi) lost 69.95 points to close at 7,108.67 points on Tuesday. In the broader market, there were 134 losers, 101 gainers and 40 unchanged. Volume reached 8.27 billion shares valued at P12.95 billion from Monday’s

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