The Daily Manila Shimbun

 

New central bank governor pushes for continuity, to monitor ‘wind-down” of easy money in advanced countries

July 3, 2017

The Philippines’ new central bank governor said he will built on continuing on the gains of his predecessor and to be aware of the “seemingly imminent wind-down of ultra-easy monetary policies in advanced economies.” Nestor Espenilla made this pledge as

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Union Bank says alleged fraud by employee not related to cyber crime

July 2, 2017

Union Bank of the Philippines on Sunday clarified that an alleged fraud involving one of their employees in not related to cyber security or cyber crime. “UnionBank, during its routine checking, found out about possible fraud involving one of its

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DOF to hold tax reform awareness forum Wednesday

July 2, 2017

The Department of Finance (DOF) will conduct a forum this Wednesday to heighten public awareness of, and support for, the Duterte administration’s proposed Tax Reform for Acceleration and Inclusion Act (TRAIN). Some 300 participants are expected to attend the event,

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Stock market trading index, trading activity up in first half

July 1, 2017

The Philippine Stock Exchange index (PSEi) closed at 7,843.16 on the last trading day of June, marking a 14.7 percent increase for the PSEi in the first six months of the year, a statement by the exchange said Friday. The

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World Bank expects economy to grow 6.8% in 2017

July 1, 2017

The World Bank projects continued robust growth for the Philippines and expects the country’s economy to expand at 6.8 percent in 2017, a statement by the lending institution said Saturday. The World Bank has updated the economic outlook for the

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Peso weakens to P50.60, rallies to close at P50.47 against US dollar

June 30, 2017

The peso opened at an intraday low of P50.60 against the US dollar but recovered in afternoon trading to close at P50.47 on Friday. The peso closed at P50. 53 on Thursday. Volume at the Philippine Dealing System reached $760.90

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Net liability position decreased as of end March: central bank

June 30, 2017

The country’s net liability position decreased from $30.6 billion in end-December 2016 to $27.5 billion as of end-March 2017 following a 1.3 percent increase in total external financial assets and a marginal decrease  of 0.5 percent in external financial liabilities,

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Residential real estate prices up 1.1% in first quarter: central bank

June 30, 2017

Residential real estate prices went up by 1.1 percent in the first quarter, as the Residential Real Estate Price Index (RREPI) rose to 117.2 from 115.9 for the same quarter a year ago, the central bank said Friday. Year-on-year growth

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