The Daily Manila Shimbun

 

Japan Biz Alarmed at Prospect of Long U.S.-China Trade War

May 11, 2019

Tokyo–Japanese businesses are alarmed at the prospect that the U.S.-China trade war will drag on further, after Washington implemented a massive tariff hike Friday. Many Japanese manufacturers are taking steps to shift production from China to reduce the impact of

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PSE index down despite surge in Holcim price

May 10, 2019

The Philippine Stock Exchange index declined on Friday despite a surge in the price of Holcim Philippines, which is being acquired by San Miguel Corp. The index closed at 7,742.20 points, down 13.42 points. In the broader market, there were

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Philippines issues 8-year euro-dominated global bonds

May 10, 2019

The Philippines returned to the international capital markets with its offering of 750 million euros of 8-year global bonds, the Department of Finance ( DOF) said Friday. The bonds are expected to be rated Baa2 by Moody’s, BBB+ by Standard

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Stock index, peso down

May 9, 2019

Stocks and the peso fell on Thursday as Philippine first quarter came in at its lowest in four years. The Philippine Stock Exchange ( PSE) index finished 171.07 points lower to P7,755.62. In the broader market, there were 109 decliners,

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BSP cuts policy rates by 25 basis points to 4.5%

May 9, 2019

The Bangko Sentral ng Pilipinas ( BSP) reduced interest rate on its overnight reverse repurchase facility by 25 basis points to 4.5 percent effective Friday. The interest rates on the overnight lending and deposit facilities  were reduced accordingly.  BSP Governor

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AC Health to build first comprehensive cancer specialty hospital

May 9, 2019

AC Health said Wednesday it intends to build the first dedicated cancer specialty hospital in the Philippines. The stand-alone Cancer Hospital, to be built with an investment of approximately P2 billion, is envisioned to be a fully integrated, 100-bed facility

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Philippine GDP slows down to 5.6% due to re-enacted budget

May 9, 2019

The Philippine economy slowed down to 5.6 percent in the first quarter of this year due to the delay on the passage of the 2019 budget, the government’s top economist said on Thursday. The latest gross domestic product (GDP) growth

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Taxpayers reap P111.7b cash windfall from income tax cuts: DOF

May 9, 2019

Filipino taxpayers have reaped a cash bonanza of P111.7 billion in personal income tax cuts in 2018 with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, the first package of the Duterte administration’s Comprehensive Tax Reform

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