February inflation slows to 2.6% from January’s 2.9%
March 5, 2020
Inflation slowed to 2.6 percent in February from 2.9 percent in the previous month due to lower annual increase in the heavily-weighted food and non-alcoholic beverages index, the Philippine Statistics Authority (PSA) said Thursday ”Annual increments decelerated in the indices
PSE index gains for second day
March 4, 2020
The main Philippine share index ended higher for the second day on Wednesday. The peso settled at P50.551 against the US dollar from P50.69 on Tuesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
NEDA sees further decline in price of rice with tariffication law
March 4, 2020
The National Economic and Development Authority ( NEDA) said on Wednesday it expects the price of rice per kilo to further drop with the implementation of the Rice Tariffication Law. In a press briefing in Malacanang, NEDA Assistant Secretary Mercedita
Senate adopts resolution allowing ABS-CBN to operate beyond franchise expiration
March 4, 2020
The Senate on Wednesday adopted a resolution “expressing the sense of the Senate” to allow television giant ABS-CBN Corp. and its subsidiaries to operate beyond the expiration of its franchise set on May 4, 2020. Senate Resolution 6, filed by
Foreign businesses affected by COVID-19 in China may expand operation in Philippines, DTI chief says
March 4, 2020
Some foreign manufacturing companies in China affected by coronavirus disease have been eyeing the Philippines to expand their operation, Trade and Industry Secretary Ramon Lopez said on Wednesday. In a press briefing in Malacanang, Lopez said if the COVID-19 outbreak
PSE index down, peso gains vs US dollar
March 2, 2020
The main Philippine share index ended lower on Monday. The peso settled at P50.63 against the US dollar from Friday’s 50.92. Volume at the foreign exchange portal reached $1.468 billion from $1.684 billion on Friday. The Philippine Stock Exchange (
Philippines to make 1st contribution to ADB grant fund – DOF
March 1, 2020
With the Philippines expected this year to rise to upper middle-income status ahead of schedule, it is making its first-ever contribution to the grant fund of the Asian Development Bank (ADB) intended for the most vulnerable and least developed member-countries
PSE index ends week lower
February 28, 2020
The main Philippine share index ended lower on Friday. The peso finised at P50.97 against the US dollar from P50.815 on Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.684 billion from $1.42
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