PSE index declines, peso closes at P50.26:$1
May 13, 2020
The Philippine Stock Exchange (PSE) index closed lower on Wednesday. The peso gained to P50.26 against the US dollar from P50.30 on Tuesday. Volume at the foreign exchange portal at the Bankers Association of the Philippines reached $390.5 million from
DBCC adjusts targets, sees GDP to contact by 2% to 3.4% in 2020
May 13, 2020
Responding to the impact of the COVID-19 pandemic on the Philippine economy, the Development Budget Coordination Committee (DBCC) has adjusted the country’s macroeconomic indicators and fiscal program for fiscal years (FY) 2020 to 2022. These adjustments reflect the Duterte administration’s
PSE index ends lower
May 12, 2020
The Philippine Stock Exchange (PSE) index ended lower on Tuesday. The PSE index closed at 5, 651.67, down 16.26 points. In the broader market, there were 87 gainers, 86 losers and 45 unchanged. Volume reached 454.17 million worth P5.37 billion
Dominguez proposes 5 priority measures to restart economy
May 12, 2020
Finance Secretary Carlos Dominguez III has recommended accelerating the implementation of the “Build, Build, Build” program and scaling up food production and its logistics chain as part of the five priority measures that the government needs to undertake to stimulate
PSE index gains
May 11, 2020
The Philippine Stock Exchange (PSE) index ended 45.99 points higher to 5,667.93 on Monday. In the broader market, there were 90 gainers, 80 losers and 55 unchanged. The peso closed at P50.30 against the US dollar from Friday’s P50.42. Volume
”Special permits”‘ to be given to public transport once GCQ in place: LTFRB
May 11, 2020
The Land Transportation and Franchising Regulatory Board (LTFRB) on Monday said public transport vehicles who will have special permits will be allowed to operate once Metro Manila downgrades to general community quarantine (GCQ) from enhanced community quarantine ( ECQ). In
PSE index decline
May 8, 2020
The Philippine Stock Exchange ( PSE) index ended lower on Friday. The peso settled at P50. 42 against the US dollar from P50.56 onThursday. Volume at the foreign exchange portal at the Bankers Association of the Philippines reached $433.2 million
Five-star Marco Polo Hotel Davao to stop operations June 15: report
May 8, 2020
DAVAO CITY – Five-star Marco Polo Hotel Davao will stop operations on June 15 after the COVID-19 epidemic reduced its customers, the Mindanao Times reported. The 245-room hotel, part of a chain of hotels across Asia, ”still has some guests,
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