Philippines trade deficit declined in May
July 10, 2019
The Philippines trade deficit in May decreased to $3.28 billion, from $3.88 billion deficit in May 2018, the Philippine Statistics Authority ( PSA) said Wednesday. In April, the deficit reached $3.50 billion in April, from $3.70 billion deficit in April
Stocks up, peso declines
July 10, 2019
Stocks rose but the peso declined against the US dollar on Wednesday. The peso finished at P51.46, down 15 centavos from Tuesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $729.69 million from the
FDI posts record net inflows of $961 million in April
July 10, 2019
Foreign direct investments (FDI) recorded net inflows of $961 million in April as all FDI components registered positive balances during the month. This level, however, was 11.8 percent lower than the $1.1 billion net inflows posted in the same period last
Stocks, peso end flat
July 9, 2019
Philippine stocks and the peso ended flat on Tuesday. The peso ended at P51.31 against the US dollar from P51.32 on Monday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $761.92 million from the
Monetary Board approved $7.355 billion for development projects and programs in 2018
July 9, 2019
The Monetary Board (MB) approved public sector loans in 2018 amounting to $7.355 billion, higher by $3.869 billion from the 2017 level of $3.486 billion, as the national government raised spending on infrastructure development. These public sector loans consisted of:
MICC to conduct 2nd round of audit of mining firms in July
July 9, 2019
The interagency Mining Industry Coordinating Council (MICC) is undertaking the second round of its “objective, science-based, and fact-finding” audit of mining operations in the fourth week of July, and expects this to be completed by January next year, the Department
BOJ keeps views on all 9 regional economies unchanged
July 8, 2019
Tokyo–The Bank of Japan kept unchanged its ratings for all of the country’s nine regional economies in a quarterly report on Monday, while pointing to “heightening uncertainties” abroad, due partly to U.S.-China trade friction. Still, the central bank made an
Stocks, peso end lower
July 8, 2019
Stocks and the peso ended lower on Monday. The peso settled at P51.32 against the US dollar from P51.195 on Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines (BAP) reached $651.48 million from the
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