The Daily Manila Shimbun

 

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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Peso rebounds after falling to new intraday 10-year low against the US dollar

March 1, 2017

The peso fell to a new intraday ten-year low of P50.32 against the US dollar on Wednesday before rallying to close at P50.28. The peso ended at P50.21 on Tuesday. Volume rose to $429.80 million from $389.8 million at the

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Peso rallies from intraday low of P50.30 to close at P50.21

February 28, 2017

The peso rallied from an intraday 10-year low of P50.30 to close at P50.21 against the US dollar on Tuesday. On Monday, the peso closed at P50.27 after also reaching its lowest of P50.295.  Volume at the Philippine Dealing System

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Infra needs in developing Asia, the Pacific will exceed $22.6 trillion through 2030: ADB

February 28, 2017

Infrastructure needs in developing Asia and the Pacific will exceed $22.6 trillion through 2030, or $1.5 trillion per year, if the region is to maintain growth momentum, according to a new flagship report by the Asian Development Bank (ADB) on

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SEC takes steps vs informal lenders

February 28, 2017

Over 200 informal lenders have applied for registration before the Securities and Exchange Commission (SEC) after the government initiated a crackdown against loan sharks engaged in “five-six” and other usurious practices, the finance department said in a statement Tuesday. The

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Peso closes at new 10-year low

February 27, 2017

The peso slumped to a new 10-year low on Monday, with the currency settling at P50.27 against the US dollar at the Philippine Dealing System. The peso fell to an intraday low of P50.295 before closing at P50.27. On Friday,

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