The Daily Manila Shimbun

 

(UPDATE) Peso falls to new 11-year low

February 20, 2017

The Philippine peso closed at a new 11-year low of P50.23 against the US dollar in heavy volume on Monday at the Philippine Dealing System. Volume jumped to $723 million from $532 million as the currency finished at its lowest

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Peso at 11-year low as it closes at P50 against US dollar

February 17, 2017

The peso hit an 11-year low as it closed at P50 against the US dollar on Friday at the Philippine Dealing System. It last crossed this level in Nov. 15 2006 when it finished at P50.09  Volume rose to $346.50

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Melco Crown revenue increased in the fourth quarter

February 17, 2017

Melco Crown (Philippines) Resorts Corp post $144.7 million net revenue for the fourth quarter up from $80.9 million during the same period in 2015, a disclosure to the Philippine Stock Exchange said Friday. Melco Crown operates City of Dreams Manila,

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Philippine, Mexico to explore free trade, currency accords

February 17, 2017

Top officials of the Philippines and Mexico have agreed to explore free trade and currency agreements to strengthen bilateral ties and facilitate economic transactions between the two countries, a statement from the finance department said Friday. Finance Secretary Carlos Dominguez

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Stocks surge, peso weakens

February 16, 2017

Stocks surged on Thursday after declining for two sessions as the main index finished 1.52 percent higher. The Philippine Stock Exchange index closed 108.95 points higher to 7,283.25 as financials, holding firms and services shares led the way. Advances led

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Jollibee fourth quarter sales up 14.1 percent

February 16, 2017

Jollibee Foods Corp. said its fourth quarter system-wide sales grew 14.1 percent, the company said Thursday in a disclosure to the Philippine Stock Exchange. System-wide sales measures all sales to consumers from company-owned and franchised stores. This surpassed third quarter

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URC, Vitasoy ink joint venture agreement

February 16, 2017

Universal Robina Corp (URC) and Hong Kong’s Vitasoy Group have established a joint venture to explore the potential of plant-based sustainable beverages in the Philippines, a disclosure by URC to the Philippine Stock Exchange said Thursday. “We see a perfect

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BPI 2016 income up 20.9 percent

February 16, 2017

Bank of the Philippine Islands full-year net income for 2016 grew 20.9 percent as it reached P22.05 billion compared to P21.74 billion during the previous year. Comprehensive income was P21.74 billion, up 30.2 percent while total revenue grew 12.1 percent

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