The Daily Manila Shimbun

 

Stock index gains more than one percent

April 13, 2018

Stocks rose on Thursday, as the main index gained more than one percent. The Philippine Stock Exchange finished at 8,043.07, up 99.14 points for a gain of 1.23 percent. In the broader market, there were 1.45 billion shares worth P5.9

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Stocks slightly higher, peso at P51.945:$1

April 12, 2018

Stocks finished slightly higher on Wednesday, as the Philippine Stock Exchange index ended 9.25 points higher to 7,943.93. In the broader market, there were 100 decliners, 91 gainers and 66 shares unchanged. Volume reached 1.23 billion shares valued at P6,5

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ADB sees Philippines to sustain high economic growth in medium term

April 11, 2018

The Asian Development Bank (ADB) sees the Philippines to sustain its high growth rate for this year and in 2019, with the expected implementation of large infrastructure projects. In its new Asian Development Outlook 2018, the Manila-based lending agency said on

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Philippine trade gap for February widens

April 11, 2018

The Philippine trade deficit in February widened to $3.06 billion from the same period in 2017 of $1.77 billion as exports declined for the first time in 15 months and imports rose, the Philippine Statistics Authority (PSA) said Wednesday. Exports

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Stocks lower, peso at P52:$1

April 11, 2018

Stocks ended lower on Tuesday as trading resumed following a holiday on Monday. The Philippine Stock Exchange Index went down by 10.98 points to 7,934.18 points. In the broader market, there were 137 decliners, 70 gainers and 45 shares unchanged.

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Foreign direct investments grew in January: central bank

April 10, 2018

Foreign direct investments (FDI) yielded net inflows of $919 million in January, up  56.7 percent from the same month last year, the Bangko Sentral ng Pilipinas (BSP) said Monday. Net equity capital inflows, which accounted for the bulk of FDI

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Gov’t turns down Aboitiz infra group bid to modernize four airports

April 10, 2018

Aboitiz InfraCapital, the infrastructure business unit of the Aboitiz Group said the government rejected its unsolicited proposal to modernize four airports in the Visayas and Mindanao for P148 billion over a 35-year concession period. In a disclosure to the Philippine

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PCC orders Uber App to continue operations until review is complete

April 7, 2018

The Philippine Competition Commission (PCC) has ordered ride-hailing service provider Uber to continue operating its app for the entire duration of its motu proprio review. The directive, issued Thursday, also puts Grab’s move to acquire its competitor to a halt while the

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