PSE index falls past 10%, trading halt triggered
March 12, 2020
The Philippine Stock Exchange (PSE) index sunk more than 10 percent, triggering halt of trading at 2:53 pm on Thursday. The PSE index was at 5,705 points, down 10.2 percent. Trading was to resume at 3:10 pm. DMS
January trade deficit reaches $3.5 billion
March 11, 2020
The Philippines’ trade deficit rose to $3.5 billion in January from $2.48 billion in December 2018, the Philippine Statistics Authority (PSA) said Wednesday. On a year-ago basis, the trade deficit was lower than $3.92 billion, PSA added. Exports reached $5.79
SMC offers full payment for Ilijan plant to help PSALM
March 10, 2020
San Miguel Corp. (SMC) president Ramon Ang has offered to pay capacity charges for its 1,200-megawatt Ilijan Power Plant amounting to P22.68 billion in full, over two years ahead of schedule, to help cash-strapped Power Sector Assets and Liabilities Management
PSE index ends with slim gains
March 10, 2020
The Philippine Stock Exchange (PSE) index reversed course from a weak opening to end slightly higher on Tuesday. The peso closed at P50.50 against the US dollar from Monday’s P50.58. Volume at the foreign exchange portal of the Bankers Association
FDI records $1.2 billion net inflows in December; full-year level settles at $7.6 billion
March 10, 2020
Foreign direct investment (FDI) net inflows amounted to $1.2 billion in December 2019, 69 percent higher than the $683 million recorded in December 2018, the Bangko Sentral ng Pilipinas (BSP) said Tuesday. This developed mainly on the account of the
PSE index ends nearly 460 points lower
March 9, 2020
The Philippine Stock Exchange ( PSE) index fell 6.76 percent to end at 6,312.61 points, down 457.77 points on Monday. In the broader market, there were 204 losers, 30 gainers and 23 unchanged. Volume reached 1.15 billion shares worth P6.31
February gross international reserves rises to $87.61 billion
March 6, 2020
Gross international reserves (GIR), based on preliminary data, rose by $0.74 billion from $86.87 billion as of end-January to $87.61 billion as of end-February, the Bangko Sentral ng Pilipinas (BSP) said Friday. At this level, the GIR can cover 7.7
PSE index gains, peso slightly declines vs US dollar
March 5, 2020
The main Philippine share index ended higher on Thursday. The peso settled at P50.585 against the US dollar from P50.551 on Wednesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $945.45 million from the
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