The Daily Manila Shimbun

 

Stocks gain slightly

May 22, 2017

Stocks closed slightly higher on Monday, as the Philippine Stock Exchange Index closed 38.95 points up to 7,706.57. But the broader market was lower, with 96 declines and 92 gainers while 42 issues were unchanged. Volume reached 1.81 billion shares

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Gov’t losing P91b yearly from VAT exemptions: finance department

May 18, 2017

The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax and 84 special VAT-related laws, have led to revenue leakages costing the government an estimated P90.7 billion each year, according to the Department of Finance

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Stocks, peso gain slightly

May 16, 2017

Stocks rose on Tuesday, boosted by property issues and Petron Corp. The Philippine Stock Exchange Index closed 18.14 points higher to 7,791.07. At the broader market, there were 106 decliners, 92 gainers and 49 shares unchanged. Volume reached 1.46 billion

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March personal remittances from overseas Filipinos hit record $2.9 billion

May 15, 2017

Personal remittances from overseas Filipinos (OFs) grew by 11.8 percent year-on-year, reaching a new record high of $2.9 billion in March 2017, the central bank said in a statement on Monday… This brought the total remittances for the first quarter

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Stocks finish lower

May 15, 2017

The Philippine Stock Exchange closed 42.60 points lower to 7,772.93 points on Monday as several blue chip issues declined. Volume reached 1.39 billion shares valued at P7.48 billion. In the broader market, there were 112 losers and 85 gainers while

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Stocks pare losses, peso up  

May 12, 2017

Stocks rallied after the index fell behind by at least 80 points to close flat on Friday. The Philippine Stock Exchange ended 0.87 points lower to 7,815.53 points. At the broad market there were 124 losers, 81 gainers and 33

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Lower mobile phone revenues pull down PLDT first quarter income

May 12, 2017

PLDT Inc. announced on Friday lower net profit in the first quarter mostly due to weak revenues from its mobile phone business. PLDT, partly owned by Hong Kong’s First Pacific Co. Ltd. and Japan’s NTT group, said net income declined

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Philippines, Japan officials firm up Tokyo infra commitments

May 12, 2017

Philippine officials and their Japanese counterparts have met in Yokohama, Japan on the sidelines of the recent 50th annual meeting of the Asian Development Bank (ADB) to firm up commitments on projects covered by the one-trillion yen financing package pledged

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