The Daily Manila Shimbun

 

(UPDATE) Peso closes at P51.34:$1, stock index breaches 8,000 pts

August 15, 2017

The peso fell to a near 11-year low of P51.34 against the US dollar on Tuesday after hitting an intraday low of P51.35. This is the lowest level for the peso since it closed at P51.31 on August 29, 2006.

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Stocks higher, but peso hits P51.08:$1

August 14, 2017

Stocks closed higher on Monday even as share prices of some consumer companies fell due to the declaration of avian influenza in poultry in a town in Pampanga. The Philippine Stock Exchange index closed 33.29 points higher at 7,962.12. In

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San Miguel Foods Inc. assures consumers chicken products are safe

August 14, 2017

San Miguel Foods Inc assured consumers of Magnolia Chicken that its poultry farms remained free of avian flu, a disclosure to the Philippine Stock Exchange said Monday. “Upon immediate testing, our farms and our entire broiler flocks yielded negative results

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Peso hits P51.08:$1, ends at P50.98

August 11, 2017

The peso rallied after hitting a near 11-year low of P51.08  to finish at P50.98 against the US dollar on Friday. Volume reached $690.10 million against $692.55 million at the Philippine Dealing System. The peso hit P51.05$1 on August 29,

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DOF cites substantial progress in ASEAN financial integration initiatives

August 11, 2017

Finance Secretary Carlos Dominguez III has cited the substantial inroads made by the Association of Southeast Asian Nations (ASEAN) on a wide range of initiatives aimed at establishing a seamless financial system  across the region. Dominguez said setting up an

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Pangilinan expects to sign deal selling 15% of his stake in Inquirer to Prietos

August 11, 2017

Manuel V. Pangilinan, chairman and president of Philippine Long Distance Telephone Co (PLDT) said expects to sign an agreement in two weeks to sell his 15 percent stake in the Philippine Daily Inquirer with the Prieto family. “We’ve reached an

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Stocks down, peso at P50.795:$1

August 10, 2017

Stocks ended lower on Thursday despite foreigners being net buyers, with Universal Robina Corp. and JG Summit posting declines. The Philippine Stock Exchange index closed 19.58 points lower to 7,966.25. In the broader market, there were 111 decliners, 84 gainers

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Foreign direct investment net inflows grow 57% in May

August 10, 2017

Foreign direct investments (FDI) recorded net inflows of $572 million in May 2017, higher by 57 percent than the $364 million registered in the comparable period last year. This was driven by continued positive outlook on the Philippine economy buoyed

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