The Daily Manila Shimbun

 

Rice tariffication a gamechanger in 2019: DOF

January 10, 2020

Among the reforms for which the Department of Finance (DOF) advocated congressional approval in 2019 was the Rice Tariffication Law (RTL), which imposes farmer protection tariffs on rice imports in lieu of quantitative restrictions. The approval by the Congress and

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Nikkei Stock Average loses 370.96 points

January 8, 2020

A pedestrian walks past a stock market indicator board in Tokyo, Japan, 08 January 2020. The 225-issue Nikkei Stock Average lost 370.96 points, or 1.57 per cent, to close at 23,204.76, following concerns after Iran fired missiles against US troops

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PSE index up despite gov’t crafting new agreement for water firms

January 7, 2020

The main Philippine share index ended higher, even as the government announced it is preparing a new concession agreement with the two main water concessionares. Manila Water Co. was the most active share, gaining P1.18 to end at P10.78. Metro

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End-December 2019 GIR reaches all-time high of $88 billion

January 7, 2020

Preliminary data shows gross international reserves (GIR) rose by $1.63 billion to $87.86 billion as of end-December 2019 from $86.23 billion as of end-November 2019, the Bangko Sentral ng Pilipinas (BSP) said Tuesday. The month-on-month increase in the GIR level

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JG Summit hikes stake in PLDT to 11.23%

January 7, 2020

JG Summit Holdings Inc. on Tuesday said it bought PLDT Inc. shares worth $138.53 million or P7.05 billion, raising its stake in the firm to 11.23 percent. The Gokongwei-led company told the Philippine Stock Exchange it acquired 7.046 million common

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Inflation rose for 2nd month in December to 2.5%

January 7, 2020

Philippine inflation for December climbed for the second month but the average for 2019 landed within the government’s official target. The Philippine Statistics Authority ( PSA) said Tuesday inflation for December went up to 2.5 percent from 1.3 percent on

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PSE index down, peso gains vs US dollar

January 7, 2020

The main Philippine share index closed lower while the peso gained against the US dollar on Monday. The peso ended at P50.93 from Friday’s P51.09. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.579

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Opening of the Morning Trade Session

January 6, 2020

Officials and guests attend the opening of the morning trade session at the Tokyo Stock Exchanges (TSE) in Tokyo, Japan, 06 January 2020. On the opening day of 2020 New Year trade, the Nikkei Stock Average tumbled over 400 points

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