The Daily Manila Shimbun

 

February inflation hits three-year high

March 7, 2017

Inflation in February 2017 rose to 3.3 percent from 2.7 percent in the previous month as prices of food and non-food items rose, the Philippine Statistics Authority (PSA) said Tuesday. The figure last broke through the three percent range in

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Peso closes at P50.395 against US dollar

March 6, 2017

The Philippine peso remained at ten-year lows against the US dollar as it settled at P50.395, a gain of five centavos from Friday.   The peso opened at P50.40 but traded at a high of P50.36 in morning trading. Volume

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Gov’t to earmark P50 million for review of mining projects

March 5, 2017

The Department of Budget and Management (DBM) will allocate P50 million to enable the Mining Industry Coordinating Council (MICC) to undertake a comprehensive review of mining contracts nationwide, starting with those ordered shuttered or suspended last month by the Department

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MICC OKs guidelines on ‘objective, science-based’ mining review

March 3, 2017

The Mining Industry Coordinating Council (MICC) has approved the guidelines on the conduct of an “objective, fact-finding, science-based” review of mining operations nationwide, starting with those ordered shuttered or suspended last month by the Department of Environment and Natural Resources

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Peso closes at new 10-year low of P50.40 against the US dollar

March 3, 2017

The peso closed at a new low of P50.40 against the US dollar on Friday as it reflected weakness of Asian currencies against the greenback.   The peso finished nine centavos weaker from Thursday. It opened at P50.34.   In

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Government deficit spending to prop up high, inclusive growth agenda: DOF

March 3, 2017

Finance Secretary Carlos Dominguez III said although the budget deficit incurred by the national government hit P353.4 billion in 2016, or P231.7 billion higher than the year-ago figure, it was well within the Duterte administration’s target of 2.7 percent of

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Philippine Ports Authority 2016 income up 8%

March 3, 2017

Philippine Ports Authority said Friday net profit rose eight percent to P6.159 billion last year from P5.705 billion in 2015 due to growth from lay-up fees, Ro-Ro fees, berthing fees and remittances from Asian Terminals, Inc. “All tariff items demonstrated

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Peso falls to 10-year-low

March 2, 2017

The peso closed at a 10-year low of P50.31 against the US dollar after hitting P50.345 on Thursday. The Philippine currency closed at P50.28 on Wednesday. It is one centavo higher than the P50.32 recorded in September 2006. Volume at

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