The Daily Manila Shimbun

 

Foreign direct investments post $685m net inflows in January

April 10, 2017

Foreign direct investments (FDI) net inflows rose by 13.2 percent to reach $685 million in January, the central bank said Monday. “This developed as investors remain optimistic on the growth potential of the economy backed by strong macroeconomic fundamentals,” a

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Electricity rates slightly go up this April: Meralco

April 10, 2017

Meralco announced that the increase for April 2017 for a typical  household will amount to 23 centavos per kWh, bringing the overall rate to P9.89 per kWh from last month’s rate of P9.67 per kWh. This amounts to a P45

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ASEAN reaffirms commitment to growth amid global uncertainties

April 7, 2017

LAPU-LAPU CITY—The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) reaffirmed Friday their commitment to promote economic growth and strengthen  financial integration and  stability in the region to guard against risks in the global economy arising

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Stocks lose early gains, peso gains to P50.08 to the dollar

April 7, 2017

Stocks settled for slim gains after the key index soared to as high as 90 points at the one stage on Friday. The Philippine Stock Exchange index closed at 7,583.75 points, up 18.43 points. In the broader market, there were

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March 2017 gross international reserves at $80.87 billion

April 7, 2017

Preliminary data showed gross international reserves (GIR) was  at $80.87 billion as of end-March 2017,  Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announced Friday. This level was lower by $0.57 billion than the end-February 2017 GIR of

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Stocks lower after two-day big rally

April 6, 2017

Stocks closed lower on Thursday after a big two-day rally, with the Philippine Stock Exchange finishing 18.89 points lower to 7,565.32. At the broader market, there were 101 decliners, 91 gainers while 43 were unchanged. Turnover rose to 2.02 billion

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Philippine economy may grow at “moderate” pace of 6.4 percent in 2017, rebound to 6.6 percent in 2018

April 6, 2017

The Philippine economy is likely to grow at a “moderate” pace this year compared to the previous year, but to rebound in 2018, the Asian Development Bank (ADB) said on Thursday. Citing the new Asian Development Outlook 2017, Joven Balbosa,

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Jollibee 2016 revenues up 13 percent on audited financial statement

April 6, 2017

Jollibee Foods Corp., generated total revenues of P13.9 billion in 2016, up 13 percent over 2015. In a statement on Thursday, Jollibee said this is based on audited financial consolidated financial statements for 2016 which “differed only slightly from its

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