The Daily Manila Shimbun

 

Peso hovers near 50 against the US dollar

January 19, 2017

The peso opened at P50 against the dollar and closed only a shade above that at P49.98 on Thursday, apparently due to a remark from US Fed chairman Janet Yellen that steady rate hikes may be needed. On Thursday, the

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 Duterte eyes P3.8 trillion budget for 2018

January 19, 2017

The Duterte administration is eyeing P3.8 trillion budget for next year. In a chance interview in Malacanang on Thursday, Budget Secretary Benjamin Diokno said his office is working for a higher budget of P3.8 trillion in 2018.. On January 17, the

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Stocks recover from big fall  

January 18, 2017

Equities bounced back on Wednesday as the Philippine Stock Exchange index closed 33.03 points higher to 7, 156.36. On Tuesday, the index settled 1.59 percent lower to 7.123.33 points Volume was lower as turnover reached 1.53 billion shares valued P4.98

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Stocks down, peso ends with slim gains 

January 17, 2017

Stocks slumped as the main index closed 1.59 percent lower while the peso finished with slim gains on Tuesday. The Philippine Stock Exchange closed at 7,123.33 points as volume remained low. Turnover reached 2.2 billion shares worth P5.15 billion from

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Stocks end flat, peso declines

January 16, 2017

Stocks closed virtually unchanged in slim volume on Monday as the market waits for the inauguration of US President Donald Trump this week. The Philippine Stock Exchange index closed 0.07 points lower to 7,238.45. Volume reached 3.19 billion shares worth

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Philippines can’t sustain above 6% GDP growth without tax reform: Dominguez  

January 16, 2017

The Philippines would be hard put to sustain  gross domestic product (GDP)  growth above 6 percent  without a big infrastructure buildup funded mainly via tax reform, the Department of Finance (DOF) said. Finance Secretary Carlos Dominguez III  said without tax

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Personal remittances up in November  

January 16, 2017

Personal remittances from overseas Filipino workers rebounded in November mainly due to more transfers from land-based workers with employment contracts of one year or more,  the central bank said Monday. The central bank said workers remitted $2.4 billion, up 18.4

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ICTSI Manila hits shipping  milestone

January 16, 2017

The Manila International Container Terminal (MICT), International Container Terminal Services, Inc.’s (ICTSI) flagship operation and the Philippines’ largest, most technologically advanced container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth twenty-foot equivalent units (TEU)

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