Cebu Pacific operator reports big net income last year
March 30, 2020
Cebu Air Inc. (CEB), the operator of Cebu Pacific and Cebgo on Monday, reported a 132.6 percent increase in net income last year due to higher passenger traffic. The Gokongwei-led airline said net income amounted to P9.12 billion last year
DICT issues circular for ICT-BPO sector
March 30, 2020
The Department of Information and Communications Technology (DICT) has directed the business process outsourcing (BPO) sector to continue operating for the duration of the Luzon-wide quarantine period. The DICT circular provides that Work-From-Home (WFH) arrangements, as far as practicable, be
PSE index snaps three-day rally to end lower
March 27, 2020
After a three-day rally, the Philippine Stock Exchange (PSE) index closed lower at 134.967 points to 5,266.62 on Friday. As of 10 am, the index rose 227.21 points as it looked to follow on Thursday’s big one-day gain.After one hour,
PSE index jumps for third straight session
March 26, 2020
The main Philippine share market jumped seven percent as it ended higher for the third straight session on Thursday. The peso settled at P51.07 against the US dollar from P51.14 on Wednesday. Volume at the foreign exchange portal of the
PSE index up for second day
March 25, 2020
The main Philippine share index rose for the second straight day on Wednesday. The peso closed at P51.14 against the US dollar from P50.9 on Tuesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
PSE index loses steam, ends with reduced gains
March 24, 2020
The main Philippine share index surged more than two percent but settled for lower gains at the close of trading on Tuesday. The peso closed at P50.90 against the US dollar from P51.33 on Monday. Volume at the foreign exchange
BSP cuts bank reserve ratio by 200 basis points to boost domestic liquidity
March 24, 2020
In a special Monetary Board (MB) meeting Monday, the MB authorized Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno to reduce the reserve requirement (RR) ratios of BSP-supervised financial institutions of up to a maximum of 400 bps for 2020.
Monetary Board approves additional P300 billion support to the National Government to fight COVID-19
March 23, 2020
The Monetary Board authorized the Bangko Sentral ng Pilipinas (BSP) to purchase government securities from the Bureau of Treasury (BTr) under a repurchase agreement in the amount of P 300 billion with a maximum repayment period of six months. The
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