The Daily Manila Shimbun

 

Stocks lose momentum but finish week higher

January 6, 2017

Stocks lost their momentum in the morning trading but the main index settled slightly higher in Friday’s trading. The Philippine Stock Exchange index, which was up close to 73 points at midday, gained 38.76 points to 7,248.20.  This is the

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Stocks, peso continue gain

January 6, 2017

Stocks and the peso sustained its New Year surge as of midday on Friday. The Philippine Stock Exchange index rose 72.96 points to 7,282.40 as of noon day. The peso was at P49.437 against the US dollar as of lunch

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Philippines seeks yen loan for farm mechanization

January 6, 2017

The Department of Agriculture is proposing a yen loan with the Japan International Cooperation Agency (JICA) to the equivalent of P900 million for full mechanization of farming in a first batch of 10,000 hectares of rice farms under a program

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Stocks soar for the second trading day

January 6, 2017

Stocks surged for the second session on Thursday, as the Philippine Stock Exchange index closed at 7,209.44 up 178.49 points or a gain of 2.54 percent. It was a two-month high for the index. Volume reached 1.33 billion shares valued

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December inflation up slightly

January 6, 2017

Philippine inflation rose 2.6 percent in December due to seasonality and some tightness in supply of specific good items. Inflation in November was 2.5 percent, the Philippine Statistics Authority said Thursday. “The uptick in inflation last month was caused by

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Nikkei ends at 13-month high on optimism over U.S., Chinese economies

January 5, 2017

TOKYO– The Nikkei index rose to a 13-month high Wednesday, the first trading day of the year in Tokyo, as solid U.S. and Chinese economic data boosted investor sentiment. The 225-issue Nikkei Stock Average ended up 479.79 points, or 2.51 percent,

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Japan’s Inpex in running for Azadegan oil field tender: Iran official

January 5, 2017

TEHRAN- Japanese firm Inpex Corp. has started intense negotiations with National Iranian Oil Co. to develop the Azadegan oil field in southwestern Iran and is a strong candidate for the tender, a high-ranking Iranian official said Tuesday. “Inpex has signed a

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Stock index gains close to 2.5 percent

January 5, 2017

Philippine stocks jumped on Wednesday in line with regional markets, with the main index soaring 2.47 percent. The Philippine Stock Exchange index closed at 7,030.95 up 169.64 points. Volume reached 1.38 billion shares valued at P7.59 billion. Foreign buying was

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