The Daily Manila Shimbun

 

SEC takes steps vs informal lenders

February 28, 2017

Over 200 informal lenders have applied for registration before the Securities and Exchange Commission (SEC) after the government initiated a crackdown against loan sharks engaged in “five-six” and other usurious practices, the finance department said in a statement Tuesday. The

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Peso closes at new 10-year low

February 27, 2017

The peso slumped to a new 10-year low on Monday, with the currency settling at P50.27 against the US dollar at the Philippine Dealing System. The peso fell to an intraday low of P50.295 before closing at P50.27. On Friday,

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Century Properties announces P2 billion maiden project in Tanza to offer 3,000 homes

February 27, 2017

Listed real estate developer Century Properties Group, Inc. has announced the launch of the Philippines’ first home market category, which will unveil its brand name and product offerings in the second quarter of 2017, a disclosure to the Philippine Stock

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Stocks lower, but up for the week.

February 24, 2017

Stocks closed lower on Friday but finished the week higher for the third straight week. The Philippine Stock Exchange index closed 76.57 points lower to end at 7,258.99. For the week, the index was up 0.20 percent. Volume fell to

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Asiamoney gives Century Pacific award

February 24, 2017

Century Pacific Food Inc. the Philippines’ largest canned food company, has been awarded by Asiamoney as the country’s best managed company in 2016, under the Small Cap category. Asiamoney is one of the leading financial publications in Asia Pacific, providing

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Diokno assures Immigration personnel of enough funds to pay for overtime

February 24, 2017

Budget Secretary Benjamin Diokno said there are funds for allowances of employees of the Bureau of Immigration (BI) who render overtime services. In a statement on Friday, Diokno said ““a total of P224.835 million has been appropriated in the FY

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PSE net income 3% up in 2016

February 24, 2017

The Philippine Stock Exchange Inc. said Friday it posted a net income of P701.54 million in 2016 three percent higher than P682.61 million in 2015. The increase was driven by a four percent growth in operating revenues to P1.26 billion

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IMF mission forecasts higher inflation for 2017

February 24, 2017

The International Monetary Fund (IMF) sees inflation rising to 3.6 percent in 2017 even as the outlook for the Philippine economy continues to be favorable. Inflation last January was at 2.8 percent, a two-year high, from year-ago figure of 1.8

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