The Daily Manila Shimbun

 

ASEAN finance ministers, central bank governors to meet in Cebu next week

March 31, 2017

Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) are meeting next week in Cebu to discuss ways of fleshing out ASEAN’s commitments to financial integration and cooperation, against the backdrop of a new wave of protectionism and other

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Stocks relatively unchanged, peso slightly lower

March 30, 2017

Stocks closed relatively unchanged on Thursday as the Philippine Stock Exchange index finished 8.59 points higher to 7,332.59. At the broader market, there were 92 decliners against 91 advancers with 49 issues unchanged. Volume reached 864.73 million shares valued at

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Philippines seeks Japanese support for 14 projects, including subway

March 30, 2017

The Philippines has lined up 14 “mega” infrastructure projects, including the $4.3 billion subway system, for Japanese funding, the government’s chief economist said on Thursday. Socioeconomic Planning Secretary Ernesto Pernia told reporters the projects were presented during the high-level mission

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Growth momentum sustained despite political chatter: Dominguez

March 30, 2017

Finance Secretary Carlos Dominguez III said the latest positive outlook of Fitch Ratings on the Philippines is proof enough the political noise has “failed to dent” growth from its strong macroeconomic performance and continued political stability amid the Duterte administration’s 

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Fitch affirms Philippines’ investment grade rating

March 29, 2017

Fitch Ratings announced Wednesday it affirmed the Philippines’ investment grade sovereign credit rating at ’BBB-’ as well as the positive outlook on the rating. A positive rating outlook indicates an upward trend for a credit rating over a one-to two-year

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Stocks, peso little changed

March 29, 2017

Stocks closed little changed on Wednesday, with the Philippine Stock Exchange index finishing 7.46 points down to 7,324 points. In the broader market, there were 107 declines and 79 gainers while 46 were steady. Losers were led by Apex Mining,

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Philippine government debt grew to P6.208 trillion as of February

March 29, 2017

Philippine government debt grew to P6.208 trillion as of February up by 1.5 percent from end-January, the Bureau of the Treasury said on Wednesday. Of the total, 36 percent or P2.223 trillion came from external creditors while 64 percent, or

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PAL Holdings board OKs equity restructuring to wipe out deficit

March 29, 2017

The board of directors of Philippine Airlines (PAL) Holdings Inc. approved an equity restructuring to wipe off its existing deficit and the additional deficit that will be booked upon the acquisition of Zuma Holdings Management, Inc. (ZUMA) and its subsidiary,

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