The Daily Manila Shimbun

 

Stocks, peso down slightly

February 10, 2017

Stocks lost ground on Friday despite improvement in mining shares and holding firms sub-indices. The Philippine Stock Exchange index declined 17.45 points to 7,235.21. Volume reached 5.75 billion shares valued at P7.24 billion from the previous day’s 5.76 billion shares

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Electricity rates go up in February: Meralco

February 10, 2017

After power rates a seven-year low overall rate of P8.09 per kilowatt hour in January, Meralco said Friday, power rates for households will be increased by 92 centavos for February. The overall rate is now P9.00 per kilowatt hour, the

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Foreign direct investments recorded net inflows of $756 million

February 10, 2017

Foreign direct investments recorded net inflows of $756 million in November 2016, higher by 59.4 percent than the $474 million in the same period in 2015, the Bangko Sentral ng Pilipinas said Friday The bulk of the net inflows was

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Manufacturing grew by double digit in 2016

February 10, 2017

Manufacturing output posted double-digit growth in December 2016 and full-year 2016 due to increase in production of petroleum products, food manufactures, and transport equipment, according to the National Economic and Development Authority (NEDA) Friday. Based on the Philippine Statistics Authority’s

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Stocks up, peso unchanged

February 9, 2017

Stocks rose on Thursday as the Philippine Stock Exchange index rose 17.84 points to 7,252.66 points. Volume gained slightly from the previous session with 5.76 billion shares worth P6.69 billion from 5.14 billion valued at P6.48 billion. Foreign selling still

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Central bank keeps policy rates  

February 9, 2017

The Philippine central bank kept its policy rates steady for the sixth month, its policymaking body said in a statement on Thursday. The overnight lending rate stays at three percent, the level at which the central bank imposed an interest

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Economic managers recommend alternative to “across-the-board’ free tuition proposal

February 9, 2017

In a joint position paper, the economic managers of the Philippine government recommended funding the Unified Student Financial Assistance System for Tertiary Education (UniFAST) as a better alternative to proposed legislations on free tuition for all undergraduate students in state

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Local, foreign biz groups urge Congress to pass CTRP, 11 other measures  

February 9, 2017

Fifteen foreign and local business organizations have appealed to Malacanang and the Congress to give top priority to the Comprehensive Tax Reform Program (CTRP) and 11 other legislative proposals to improve the country’s investment climate,  create more jobs and sustain

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