The Daily Manila Shimbun

 

Stocks, peso end a bit higher

February 23, 2017

Stocks closed slightly higher on Thursday as the Philippine Stock Exchange index settled 31.11 points up to end at 7, 335.56 points. The broader market was mixed with 92 gainers and 82 losers while 51 issues were unchanged. Volume rose

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Ayala Corp. gets 43.3 percent stake in online fashion platform

February 23, 2017

Ayala Corp. signed a deal recently to get 43.3 percent ownership in BF Jade E-Service Philippines, which owns and operates Zalora Philippines, the country’s biggest online fashion platform. In a disclosure to the Philippine Stock Exchange on Thursday, Ayala Land

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5 MICC teams to conduct fact-finding, science-based review of DENR orders   

February 23, 2017

The multi-stakeholder Technical Working Group of the Mining Industry Coordinating Council (MICC)  is forming five technical groups that will conduct an “objective, fact-finding, science-based” review of the orders by the Department of Environment and Natural Resources (DENR) on closure or

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Peso gains slightly but still at 10-year lows

February 22, 2017

The peso gained on Wednesday but remained at 10-year lows as it closed at P50.23 against the US dollar. On Tuesday, the peso closed at P50.25 after falling to an intraday 10-year low of P50.33. The peso went past the

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Philippine, Israel officials explore expansion of agri cooperation, investments in BPO

February 22, 2017

Israel has expressed its continuing support to develop the Philippines’ farm sector by proposing to expand its exchange program for Filipino agricultural students who want to learn from Tel Aviv’s expertise and advanced technologies in agriculture, a statement from the

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NEDA Board approves Philippine Development Plan 2017-2022

February 21, 2017

The National Economic and Development Authority (NEDA) Board officially approved the Philippine Development Plan 2017-2022 on Monday. The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on a national long-term vision. The PDP also takes

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(UPDATE) Peso hits new 11-year low of P50.25 against US dollar  

February 21, 2017

The peso closed at a new 11-year-low of P 50.25 against the US dollar even as the central bank said it will be ready to act when foreign currency movements are “disruptive or excessive.” The peso closed at P50.23 against

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Local gov’t treasurers see P821m losses from closure, suspension of mining projects

February 20, 2017

An order of the Department of Environment and Natural Resources (DENR) to shut down or suspend the operations of 28 mine sites across the country will cost 17  affected cities and municipalities  in 10 provinces over P821 million annually  in

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