Palace welcomes Consunji’s decision to indemnify owners of collapsed Ecoland 4000

January 12, 2020

Malacañang on Sunday welcomed the acceptance of DMCI President and CEO Isidro “Sid” Consunji to settle the damages endured by the residents of condominium building Ecoland 4000 during the October 2019 earthquake in Davao City. “We welcome DMCI President and

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FDI records higher net inflows for October 2019: BSP

January 10, 2020

Foreign direct investments (FDI)  net inflows grew by 33.7 percent to $672 million in October 2019 from the $502 million recorded during the same period in 2018, the Bangko Sentral ng Pilipinas ( BSP) said Friday. This was mainly on

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PSE index finishes lower

January 10, 2020

The Philippines’ main stock index ended lower while the peso ended flat against the US dollar on Friday. The peso ended at P50.66 from Thursday’s P 50.651. Volume at the foreign exchange portal of the Bankers Association of the Philippines

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Rice tariffication a gamechanger in 2019: DOF

January 10, 2020

Among the reforms for which the Department of Finance (DOF) advocated congressional approval in 2019 was the Rice Tariffication Law (RTL), which imposes farmer protection tariffs on rice imports in lieu of quantitative restrictions. The approval by the Congress and

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Nikkei Stock Average loses 370.96 points

January 8, 2020

A pedestrian walks past a stock market indicator board in Tokyo, Japan, 08 January 2020. The 225-issue Nikkei Stock Average lost 370.96 points, or 1.57 per cent, to close at 23,204.76, following concerns after Iran fired missiles against US troops

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PSE index up despite gov’t crafting new agreement for water firms

January 7, 2020

The main Philippine share index ended higher, even as the government announced it is preparing a new concession agreement with the two main water concessionares. Manila Water Co. was the most active share, gaining P1.18 to end at P10.78. Metro

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End-December 2019 GIR reaches all-time high of $88 billion

January 7, 2020

Preliminary data shows gross international reserves (GIR) rose by $1.63 billion to $87.86 billion as of end-December 2019 from $86.23 billion as of end-November 2019, the Bangko Sentral ng Pilipinas (BSP) said Tuesday. The month-on-month increase in the GIR level

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JG Summit hikes stake in PLDT to 11.23%

January 7, 2020

JG Summit Holdings Inc. on Tuesday said it bought PLDT Inc. shares worth $138.53 million or P7.05 billion, raising its stake in the firm to 11.23 percent. The Gokongwei-led company told the Philippine Stock Exchange it acquired 7.046 million common

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