PSE index ends lower; peso at P48.46:$1
September 22, 2020
The Philippine Stock Exchange (PSE) index closed 15.04 points lower to 5,894.28 points on Tuesday. In the broader market, there were 105 losers, 86 gainers and 46 unchanged. Volume reached 4.4 billion shares worth P4.63 billion from Monday’s 2.13 billion
Trade chief backs Metro Manila’s shifting to MGCQ
September 22, 2020
Trade Secretary Ramon Lopez expressed support on Monday to place Metro Manila under the most relaxed quarantine classification of modified general community quarantine after September 30. In the “Laging Handa” virtual press briefing, Lopez said the transmission of coronavirus disease
PSE index flat, Now Corp and Dito CME top active shares
September 21, 2020
The Philippine Stock Exchange (PSE) index ended flat on Monday, closing at 5.909.32, up 0.42 points. Volume reached 2.13 billion shares worth P4.27 billion from Friday’s 767.34 million shares valued at P7.64 billion. Telco firms Now Corp., which became the
Megawide venture to build Package 1 of Malolos-Clark Railway Project
September 21, 2020
The joint venture of Megawide Construction Corp. and Korean companies Hyundai Engineering & Construction Co., Ltd. (Hyundai E&C) and Dong-ah Geological Engineering Company Ltd. (Dong-ah) bagged a P28 billion contract from the Department of Transportation to build the Malolos-Clark Railway
COA disallowance notices on tax credits to 4 textile firms reach P606-M
September 21, 2020
The Commission on Audit (COA) has issued another set of Notices of Disallowance (NDs) on tax credits worth a combined P228.71 million granted to four textile firms that were earlier found to have secured a combined amount of P377.27 million in illegal tax perks from the
ADB vows to be developing Asia’s partner for recovery from COVID-19
September 18, 2020
The Asian Development Bank (ADB) is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the coronavirus disease (COVID-19) pandemic, President Masatsugu Asakawa said in an address to ADB’s Board of Governors
PSE index loses ground
September 18, 2020
The Philippine Stock Exchange (PSE) index lost 34.62 points to end at 5,908.90 on Friday. But the broader market showed 94 gainers and 94 losers, with 46 unchanged. Volume reached 767.34 million shares worth P7.64 billion from Thursday’s 952.32 million
BIR assures Senate of full support for FIST bill
September 18, 2020
The Bureau of Internal Revenue (BIR) has assured senators of its full support for a measure that aims to allow banks to dispose of their bad loans and other non-performing assets (NPAs) through would-be asset management companies, which, in turn,
