The Daily Manila Shimbun

 

Peso steadies, closes at P50.55 against US dollar

July 12, 2017

The peso remained steady on Wednesday even as central bank governor Nestor Espenilla Jr urged Filipinos not to “stress” over the Philippine currency’s recent declines. The peso closed at p50.55 against the US dollar from P50.53. Volume at the Philippine

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Capital market reforms have made bourse more inclusive and vibrant: Dominguez

July 12, 2017

Finance Secretary Carlos Dominguez III said continuing reforms in the capital market have made this sector more inclusive and averse to insider trading, which has buoyed investor confidence in the stock exchange whose capitalization surged to over P16.4 trillion this year. With the

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Peso dips to new near 11-year low of P50.87, closes at P50.53 against US dollar

July 11, 2017

The peso wobbled to a new 11-year low of P50.87  against the dollar in morning trading before it rallied to close at P50.53 versus the greenback on Tuesday. The closing figure was stronger than Monday’s close of P50.595. Volume at

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Philippine trade competitiveness needed to sustain growth

July 11, 2017

The National Economic and Development Authority (NEDA) says the country should continue to promote export competitiveness, diversify its products and markets, and maximize trade agreements to sustain trade growth for the rest of the year. NEDA-attached agency Philippine Statistics Authority

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May government spending up 20.4%

July 10, 2017

Government spending in May rose 20.4 percent from year-ago figures reaching P261.7 billion, the budget department said Monday. This shows that policy reforms for more efficient project implementation have started to gain traction. For fiscal year 2017, the General Appropriations

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Peso dips to new near 11-year low of P50.695:$1

July 10, 2017

The peso closed to a new near 11-year low of P50.695 against the US dollar on Monday, down from P50.58 on Friday. The Philippine currency was at P50.608 against the dollar on morning trading with volume of $75.3 million at

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FDIs posted net inflows of $874 million in April: central bank

July 10, 2017

Foreign direct investments (FDI) continued to post net inflows amounting to $874 million in April as all FDI components registered positive balances during the month, the central bank said Monday. This, however, was 61.1 percent lower than the level recorded

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Peso dips to P50.67 against US dollar

July 6, 2017

The peso closed at a new near 11-year low of P50.67 against the US dollar on Thursday. The Philippine currency hit an intraday low of P50.69 against the greenback after opening at P50.53, higher than Wednesday’s close of P50.60. The

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