The Daily Manila Shimbun

 

Stocks end lower for second straight day

January 12, 2017

Stocks closed lower for the second straight trading session on Thursday as the Philippine Stock Exchange index ending 57.27 points down to finish at 7,264.55. Volume increased at 2.68 billion shares worth P5.95 billion from Wednesday’s 1.74 billion shares valued

READ MORE

Foreign portfolio investments yielded $354 millions of inflows in 2016

January 12, 2017

Foreign portfolio investments last year yielded net inflows of $354 million, reversing outflows of $600 million in 2015, the central bank said Thursday. The inflows were largely due to an initial public offering by an industrial company, equity investments in

READ MORE

World Bank projects 2017 growth of 2.7% globally, 0.9% for Japan

January 11, 2017

WASHINGTON– Global economic growth is expected to accelerate 2.7 percent this year, up from an estimated 2.3 percent last year, but uncertainty over the policies of U.S. President-elect Donald Trump cloud the outlook, the World Bank said Tuesday. The Washington-based

READ MORE

Stocks end six-day winning streak

January 11, 2017

Stocks closed lower after six days of gains on Wednesday. The Philippine Stock Exchange index declined 42.52 points to end at 7,321.82 points. Volume declined to 1.74 billion shares worth P7.15 billion from Tuesday’s 5.61 billion shares worth P8.95 billion.

READ MORE

Ayala Corp. energy subsidiary sign agreements to develop Indonesian wind farm project

January 11, 2017

Ayala Corp. energy subsidiary sign Indonesian wind farm project agreement AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, signed investment agreements with UPC Renewables Indonesia Ltd for the development, construction, and operation of a wind farm project in

READ MORE

Government pushes for higher gas and diesel taxes,  safety nets readied

January 11, 2017

With world oil prices low, the government is losing an estimated P145 billion in potential annual revenues, or about one  percent of gross domestic product because gasoline excise taxes have stayed  the same in the last two decades and diesel

READ MORE

Japan’s consumer confidence up in Dec., 1st improvement in 3 months

January 10, 2017

TOKYO– Japanese consumer confidence rose in December from the previous month, improving for the first time in three months and hitting the highest level in three years and three months, amid the solid performance of Tokyo stocks and a weak

READ MORE

Toyota to invest $10 bil. in U.S. over 5 years

January 10, 2017

DETROIT, USA– Toyota Motor Corp. will spend $10 billion in U.S. capital investments over the next five years, President Akio Toyoda announced Monday, under an arrangement the automaker says predates U.S. President-elect Donald Trump’s threat to penalize it for plans

READ MORE