Personal remittances up, reach $2.9 billion in January
March 16, 2020
Personal remittances from overseas Filipinos (OFs) grew by 7.3 percent year-on-year in January to reach $2.94 billion from $2.75 billion in January 2019, the Bangko Sentral ng Pilipinas ( BSP) said Monday. Personal remittances from land-based workers with work contracts
PSE index slumps as shortened trading starts
March 16, 2020
The main Philippine share index closed lower on Monday as the Philippine Stock Exchange (PSE) began a shortened trading session due to the community quarantine in effect in Metro Manila. Starting Tuesday, trades will start at 9 am and ending
DOF secures US$3-million ADB grant vs COVID-19 pandemic
March 16, 2020
The Department of Finance (DOF) has secured a US$3-million grant from the Asian Development Bank (ADB) to help strengthen the Philippines’ capability in containing the spread of the coronavirus disease 2019 (COVID-19) that the World Health Organization (WHO) had classified
Asian Development Bank fast tracks $3 million grant to help the Philippines fight COVID-19
March 14, 2020
The Asian Development Bank (ADB) has approved a $3 million grant to support the Philippine government’s response to the novel coronavirus (COVID-19) pandemic, including purchase of emergency medical supplies and the delivery of effective health care services. The assistance, incorporating
Airlines cancel domestic flights to and from Ninoy Aquino International Airport
March 13, 2020
Philippine airlines on Friday cancelled domestic flights to and from the Ninoy Aquino International Airport (NAIA) starting March 15 following the government’s directive imposing travel restrictions due to the coronavirus disease 2019 (COVID-19). Philippine Airlines, Air Asia Philippines and Cebu
PSE index sinks in early trading, triggers circuit-breaker but rallies to end higher
March 13, 2020
The main Philippine share market sunk in morning trading on Friday, sparking the activation of its circuit breaker but after 1 15-minute pause, the key index rallied to end the day one percent higher. But the peso went down to
PSE index falls 9.71 percent, peso loses ground vs US dollar
March 12, 2020
The main Philippine share index slumped on Thursday, due to regional weaknesss due to the threat of the coronavirus diseases 2019. The peso lost 30 centavos to end at P50.85 against the US dollar. Volume at the foreign exchange portal
SMC revenues steady at P1.02 trillion in 2019
March 12, 2020
Strong sales from its food, beverage and power businesses kept San Miguel Corporation (SMC) consolidated revenues in 2019 steady at P1.02 trillion, at par with year-ago results. Consolidated operating income, however, ended slightly lower at P115.7 billion, due to a
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