The Daily Manila Shimbun

 

Philippines, Russia ink several agreements

May 25, 2017

The Philippines and Russia have signed several agreements related to tourism, agriculture, defense cooperation, trade and industry, foreign affairs, transportation, culture and the arts, and energy, Malacanang said on Thursday. The signing of the agreement  pushed through on May 24

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Peso recovers, stocks up

Peso recovers, stocks up

May 25, 2017

The peso recovered from Thursday after hitting an intra-day low of P50 to the US dollar on the previous day. The peso closed at P49.83, up from Wednesday’s P49.995. Volume at the Philippine Dealing system reached $551.20 million from $582

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Peso weakens to P50:$1 before closing at P49.995

May 24, 2017

The peso opened at P50 to one US dollar but gained slightly to close at P49.995 on Wednesday following the declaration of martial law in Mindanao by President Rodrigo Duterte. But stocks rose slightly, with the Philippine Stock Exchange gaining

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Stocks gain slightly

Stocks gain slightly

May 22, 2017

Stocks closed slightly higher on Monday, as the Philippine Stock Exchange Index closed 38.95 points up to 7,706.57. But the broader market was lower, with 96 declines and 92 gainers while 42 issues were unchanged. Volume reached 1.81 billion shares

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Gov’t losing P91b yearly from VAT exemptions: finance department

May 18, 2017

The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax and 84 special VAT-related laws, have led to revenue leakages costing the government an estimated P90.7 billion each year, according to the Department of Finance

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Stocks, peso gain slightly

May 16, 2017

Stocks rose on Tuesday, boosted by property issues and Petron Corp. The Philippine Stock Exchange Index closed 18.14 points higher to 7,791.07. At the broader market, there were 106 decliners, 92 gainers and 49 shares unchanged. Volume reached 1.46 billion

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March personal remittances from overseas Filipinos hit record $2.9 billion

March personal remittances from overseas Filipinos hit record $2.9 billion

May 15, 2017

Personal remittances from overseas Filipinos (OFs) grew by 11.8 percent year-on-year, reaching a new record high of $2.9 billion in March 2017, the central bank said in a statement on Monday… This brought the total remittances for the first quarter

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Stocks finish lower

May 15, 2017

The Philippine Stock Exchange closed 42.60 points lower to 7,772.93 points on Monday as several blue chip issues declined. Volume reached 1.39 billion shares valued at P7.48 billion. In the broader market, there were 112 losers and 85 gainers while

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