Lucio Tan assumes interim presidency of PAL
July 17, 2019
Philippine Airlines (PAL) on Wednesday announced that Lucio Tan will take over as interim PAL president effective immediately. Vivienne K. Tan, PAL executive vice president, treasurer and chief administrative officer said Tan, currently the chairman, decided to assume the post
PSE index declines, but peso closes at P50.90:$1
July 16, 2019
The main Philippine share index declined Tuesday after it hit its highest level since March 2018. But the peso finished with a slight gain, ending at P50.90 against the US dollar from P51 on Monday. Volume at the foreign exchange
PSE index ends at highest level since March 2018
July 15, 2019
The Philippine Stock Exchange (PSE) index on Monday finished at its highest since March 2018 as it hit bull market territory. The index closed at 8, 365.39, up 223.47 points. In the broader market, there were 124 gainers, 62 losers
Personal remittances increase to $13.7 billion in Jan-May: BSP
July 15, 2019
Personal remittances from Overseas Filipinos (OFs) rose to $2.9 billion in May, a 5.5 percent increase from $2.7 billion in the same period last year, the Bangko Sentral ng Pilipinas (BSP) said Monday. On a cumulative basis, personal remittances for
Liquid Baby Formula Enjoys Strong Sales in Japan
July 14, 2019
Tokyo- Liquid baby formula has been enjoying strong sales in Japan since their release in March, attracting demand from child-rearing families as they are ready to drink and can be stored at room temperatures. Shipments by Ezaki Glico Co. have
PSE Index declines, peso gains vs US dollar
July 12, 2019
The main stock index ended lower but the peso gained against the US dollar on Friday. The peso finished at P51.13, up six centavos from Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
Stocks, peso advance
July 11, 2019
Philippine stocks and the peso closed higher on Thursday. The peso ended at P51.19 against the US dollar, up 27 centavos from the previous day. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $883.31
Moon Slams Japan’s Tightened Export Controls on S. Korea
July 10, 2019
Seoul- South Korean President Moon Jae-in on Wednesday slammed Japan’s tightened controls on semiconductor materials exports to his country. Taking action to damage the South Korean economy for political purposes and making remarks linking the measure to sanctions on North
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