The Daily Manila Shimbun

 

Philippine government debt grew to P6.208 trillion as of February

March 29, 2017

Philippine government debt grew to P6.208 trillion as of February up by 1.5 percent from end-January, the Bureau of the Treasury said on Wednesday. Of the total, 36 percent or P2.223 trillion came from external creditors while 64 percent, or

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PAL Holdings board OKs equity restructuring to wipe out deficit

March 29, 2017

The board of directors of Philippine Airlines (PAL) Holdings Inc. approved an equity restructuring to wipe off its existing deficit and the additional deficit that will be booked upon the acquisition of Zuma Holdings Management, Inc. (ZUMA) and its subsidiary,

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Stocks gain but peso weakens slightly

March 28, 2017

Stocks closed more one percent higher on Tuesday as the Philippine Composite Index finished 85.49 up to end at 7,331.46: At the broader market, advances led declines 100-80, with 48 remaining unchanged. Volume reached 1.59 billion shares valued at P6.62

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Stocks lower, peso gains

March 27, 2017

Stocks closed lower on Monday, with the Philippine Stock Exchange index ending 23.65 points lower to 7,245.97. At the broader market, there were 91 declines, 80 advances and 51 issues unchanged Volume reached 1.02 billion shares worth P7.77 from Friday’s

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Emperador’s net income up 11 percent to P7.7b in 2016

March 27, 2017

Emperador Inc., realized a net income of P7.7 billion last year, up 11 percent higher than 2015 and was achieved on consolidated revenues of P41 billion, a disclosure to the Philippine Stock Exchange said Monday. Margins were higher compared to

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Metro Pacific proposes to convert QC waste into energy

March 27, 2017

Metro Pacific Investments Corp. Monday announced that the consortium consisting of Metro Pacific Investments Corp. , Covanta Energy, LLC and Macquarie Group, Ltd. has been granted original proponent status  by the Quezon City government to design, construct, finance, and operate

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DOF chief urges Australia to open market to PH bananas

March 26, 2017

Finance Secretary Carlos Dominguez has urged Australia to lift the more than 20-year ban on Philippine bananas, which are also being exported to other Asian countries like Japan. In a statement released on Sunday, the Department of Finance said Dominguez

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Stocks lower, peso unchanged

March 24, 2017

Stocks ended the week lower on Friday as the Philippine Composite index closed 31.41 points down to 7,269.62. But the broader market was relatively flat with 90 losers, 89 gainers and 51 unchanged. Turnover was higher at 1.23 billion shares

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