Total trade up despite decline in exports for November

January 10, 2017

Exports declined 7.9 percent in November but imports surged close to 20 percent, driving total merchandise trade higher, the Philippine Statistics Authority (PSA) said Tuesday. Total trade grew by $12 billion as imports reached $7.3 billion and exports $4.7 billion

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Slim gains for stocks, peso declines slightly 

January 9, 2017

Stocks closed with slim gains on Monday after a strong surge last week that pushed the main index at a key level. The Philippine Stock Exchange index closed 28.14 points to end at 7,276.34 points despite higher volume. Turnover reached

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ADB operations reached record $31.5 billon in 2016  

January 9, 2017

Operations by the Asian Development Bank (ADB) reached an all-time high of $31.5 billion in 2016, up 17 percent from 2015, a bank statement, citing preliminary figures, said Monday. The Manila-based bank said approvals of ADB loans, grants, technical assistance,

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Toyota unveils concept car with AI and autonomous driving tech

January 6, 2017

LAS VEGAS– Toyota Motor Corp. unveiled Wednesday a concept car that has both built-in artificial intelligence and autonomous driving technology, and is designed to interact with the driver. The unveiling of the car dubbed “Concept i,” which the automaker says is

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Stocks lose momentum but finish week higher

January 6, 2017

Stocks lost their momentum in the morning trading but the main index settled slightly higher in Friday’s trading. The Philippine Stock Exchange index, which was up close to 73 points at midday, gained 38.76 points to 7,248.20.  This is the

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Stocks, peso continue gain

January 6, 2017

Stocks and the peso sustained its New Year surge as of midday on Friday. The Philippine Stock Exchange index rose 72.96 points to 7,282.40 as of noon day. The peso was at P49.437 against the US dollar as of lunch

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Philippines seeks yen loan for farm mechanization

January 6, 2017

The Department of Agriculture is proposing a yen loan with the Japan International Cooperation Agency (JICA) to the equivalent of P900 million for full mechanization of farming in a first batch of 10,000 hectares of rice farms under a program

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Stocks soar for the second trading day

January 6, 2017

Stocks surged for the second session on Thursday, as the Philippine Stock Exchange index closed at 7,209.44 up 178.49 points or a gain of 2.54 percent. It was a two-month high for the index. Volume reached 1.33 billion shares valued

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