The Daily Manila Shimbun

 

Stock index falls below 8,000 points

Stock index falls below 8,000 points

June 8, 2017

Stocks retreated from its high-water mark on Thursday as the key index finished below 8,000 points. The Philippine Stock Exchange index closed 43.69 points lower to 7,958.63 points. Volume reached 1.29 billion shares worth P9.23 billion. Foreigners were net buyers

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Stock index at new year high despite BPI glitch

June 7, 2017

Stocks rose with the key index finishing at its highest for the year despite a system glitch that affected the electronic operations of the Bank of the Philippine Islands on Thursday. The Philippine Stock Exchange index gained 49.20 points to

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Philippines welcomes South Korea’s offer to finance infra project

Philippines welcomes South Korea’s offer to finance infra project

June 7, 2017

The Philippines welcomed the offer of the South Korean government to finance key infrastructure programs of the country, increasing prospects to implement projects under the Philippine Development Plan 2017–2022, the National Economic and Development Authority (NEDA) said Wednesday. From May

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NEDA-ICC approves Mindanao railway project  

NEDA-ICC approves Mindanao railway project  

June 7, 2017

The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee (ICC), in its joint ICC-technical  board and cabinet committee meeting on June 1 approved the Mindanao Railway Project’s Tagum-Davao-Digos (MRP-TDD) segment and two other rail projects of the Department

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Stocks retreat after key index sets year’s high

Stocks retreat after key index sets year’s high

June 6, 2017

Stocks retreated on Tuesday after setting the key index set the highest mark for the year even as foreigners were net buyers, The Philippine Stock Exchange index closed 48.26 points lower to 7,953.12. In the broader market, there were 116

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Tourism secretary’s husband named board member of Land Bank subsidiary

June 6, 2017

President Rodrigo Duterte has appointed to a government post the husband of Tourism Secretary Wanda Teo, according to an official statement on Tuesday. Roberto Teo was named as a member of the Board of Directors of Land Bank of the

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May inflation eased to 3.1 percent from 3.4 percent in April

May inflation eased to 3.1 percent from 3.4 percent in April

June 6, 2017

The inflation rate for May eased to 3.1 percent from 3.4 percent in April due to slower price adjustments in food and non-food commodities, the Philippine Statistics Authority said Tuesday. Inflation for the food and non-alcoholic beverages subgroup eased to

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World Bank revises up Japan 2017 growth forecast to 1.5%

June 5, 2017

WASHINGTON- The World Bank said Sunday that it projects 1.5 percent growth in Japan’s real gross domestic product for 2017, up 0.6 percentage point from its previous forecast in January. “Growth has picked up in 2017, supported by a recovery

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