PSE index ends higher for second day
February 6, 2020
The main Philippine share index ended higher for the second straight day on Thursday. The peso settled at P50.78 against the US dollar from P50.92. In the foreign exchange portal of the Bankers Association of the Philippines, volume amounted to
Razon’s Trident Water gets 51% voting interest in Manila Water
February 6, 2020
Ayala Corp. through Philwater, gave Enrique Razon’s Trident Water 51 percent voting interest in Manila Water Corp., according to its disclosure at the Philippine Stock Exchange (PSE) Thursday. As part of a shareholder agreement with its subsidiary Philwater Holdings Co.
BSP cuts policy rates by 25 basis points
February 6, 2020
The Monetary Board, policymaking body of the Bangko Sentral ng Pilipinas (BSP) cut policy rates by 25 basis points during its meeting on Thursday. In a televised announcement, BSP Governor Benjamin Diokno said the Monetary Board noted that spread of
PSE index up for 2nd day
February 5, 2020
The main Philippine share index ended higher for the second straight day on Wednesday. The peso declined to P50.92 against the US dollar from P50.765. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $930.6
Monetary Board to tackle economic developments Thursday
February 5, 2020
The Monetary Board will consider the latest economic developments, including the eight-month high inflation rate, when it meets on Thursday. January inflation came in at 2.9 percent from 2.5 percent in December, the Philippine Statistics Authority (PSA) said Wednesday. ”The
Bank lending rose faster in December
February 5, 2020
Preliminary data show that outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), grew by 10.9 percent in December, faster than the 10.1-percent expansion in the previous month. On
Watami to Close All 7 Directly Run Eateries in Mainland China
February 5, 2020
Tokyo- Japanese bar and restaurant chain Watami Co. said Wednesday that it will close all seven directly run “Watami” brand eateries in mainland China in spring in the wake of the widespread outbreak of pneumonia blamed on a new strain
PSE index snaps losing streak
February 4, 2020
The main Philippine share index closed higher on Tuesday, ending a six-day losing streak. The peso settled at P50.765 against the US dollar from P50.80 on Monday. Volume at the foreign exchange portal of the Bankers Association of the Philippines
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