Dominguez: Building on strong economic fundamentals will let PHL recover next year from COVID-19 crisis
May 19, 2020
Finance Secretary Carlos Dominguez III said Tuesday that building on the economy’s solid fundamentals and making it more resilient against future challenges would ensure the country’s recovery by next year from the global economic slump triggered by the coronavirus disease 2019
PSE index gains
May 19, 2020
The Philippine Stock Exchange (PSE) index ended higher on Tuesday. The PSE index gained 76.50 points to end at 5,555.65. In the broader market, there were 90 gainers, 80 losers and 44 unchanged. Volume reached 600.65 million shares valued at
Trade chief says no ovecrowding in shopping malls
May 18, 2020
Trade Secretary Ramon Lopez on Monday said there were no violations of quarantine protocols in shopping malls, branding the viral images and videos as fake news. During Monday’s morning virtual hearing by the New Normal Cluster of the House Defeat COVID-19 Committee’s
House recalls ABS-CBN franchise bill to allow interpellations
May 18, 2020
The House of Representatives on Monday recalled the second reading approval of a proposed law granting a provisional legislative franchise to ABS-CBN Broadcasting Corp. until October 31 this year to accommodate possible amendments. House Deputy Majority Leader and Zamboanga Sibugay Rep.
PSE index, peso vs dollar end lower
May 18, 2020
The Philippine Stock Exchange ( PSE) index ended lower on Monday. The peso closed at P50.90 against the US dollar from P50.76 on Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines ( BAP) reached
LRTA allows Globe to build network capacity in LRT-2
May 18, 2020
The Light Rail Transit Administration (LRTA) has given the go-signal for Globe Telecom Inc. to build its network capacity in LRT-2 while Metro Manila is under the Modified Enhanced Community Quarantine (MECQ) due to the COVID-19 pandemic. This will allow
DOF releases P16.4-B subsidies to 2.1-M SBWS beneficiary-workers
May 17, 2020
The first tranche of a two-month wage subsidy package has been credited to the accounts of more than 2.1 million qualified beneficiary-workers of the Small Business Wage Subsidy (SBWS) program, jointly implemented by the Department of Finance (DOF), Bureau of
PSE index up, peso slips vs US dollar
May 14, 2020
The Philippine Stock Exchange ( PSE ) index closed slightly higher on Thursday. The peso settled at P50.445 against the US dollar from P50.26 on Wednesday. Volume reached $565.61 million from the previous session’s $390.5 million. The PSE index gained
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