November inflation up after five months of decline
December 5, 2019
Inflation accelerated to 1.3 percent in November, snapping a five-month downward movement, the Philippine Statistics Authority ( PSA) said on Thursday. Inflation in October was recorded at 0.8 percent and in November 2018, 6.0 percent. Higher annual increases were seen
PSE index ends lower
December 4, 2019
The main Philippine share index closed lower on Wednesday. The peso settled at P51.02 against the US dollar from P50.951. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.428 billion from $1.499 billion on
PSE index ends lower, peso up slightly vs US dollar
December 3, 2019
The main Philippine share index declined while the peso gained slightly against the US dollar on Tuesday. The peso settled at P50.951 from P51.08 on Monday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
PSE index ends higher, but peso vs US dollar declines
December 2, 2019
The main Philippine share index closed higher but the peso was lower against the US dollar Monday. The peso settled at P51.08 from P50.81 on Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
Human capital record spending to let young Filipinos reap demographic dividend – Dominguez
December 1, 2019
Finance Secretary Carlos Dominguez III said the Duterte administration’s record spending on human capital development is meant to gear up young Filipinos for the country’s “demographic sweet spot” by nurturing them into a dynamic and well-trained workforce capable of sustaining
PSE index ends lower despite Fruitas debut
November 29, 2019
The main Philippine stock index ended lower on Friday even as new listing Fruitas Holdings Inc. debuted in the market. The peso closed at P50.80 against the US dollar from P50.90 on Thursday. Volume at the foreign exchange portal of
NEDA Board confirms ICC approval of P187.34 b new projects
November 29, 2019
The National Economic and Development Authority (NEDA) Board approved seven new projects on Friday amounting to P187.34 billion, which include three projects from Department of Transportation (DOTr), three projects of Department of Public Works and Highways (DPWH), and one to
DOF: No conflict between sin tax revenue and health goals
November 29, 2019
The Department of Finance (DOF) has reiterated its position that revenue generation and health promotion objectives of the proposed sin tax reform bill are not mutually exclusive. Both goals are part of the broader government agenda of cutting the massive
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