The Daily Manila Shimbun

 

Peso, PSE index close higher

July 18, 2019

The peso ended higher against the US dollar along with the main stock index  on Thursday. The peso settled at P50.97 from Wednesday’s P51.13. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.219 billion

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PLDT delays rolling out 5G services to ”early next year”

July 18, 2019

PLDT Inc. has reset commercial roll out of its fifth-generation (5G) services to early next year. “I don’t think it will happen this year, but certainly sometimes next year, early next year,” Manuel V. Pangilinan, chairman and president of PLDT

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ADB revises Philippine growth forecast lower to 6.2%

July 18, 2019

Delay in the approval of the 2019 budget and slower pace of exports have led to the Asian Development Bank ( ADB) to revise its growth forecast for the Philippines to 6.2 percent from 6.4 percent. The ADB’s Asian Development

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PSE index, peso finish lower

July 17, 2019

The main Philippine share index ended lower for the second day on Wednesday. The peso ended four centavos lower against the US dollar  from Tuesday to P51.13. Volume at the foreign exchange portal of the Bankers Association of the Philippines

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Lucio Tan assumes interim presidency of PAL

July 17, 2019

Philippine Airlines (PAL) on Wednesday announced that Lucio Tan will take over as interim PAL president effective immediately.  Vivienne K. Tan, PAL executive vice president, treasurer and chief administrative officer said Tan, currently the chairman, decided to assume the post

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PSE index declines, but peso closes at P50.90:$1

July 16, 2019

The main Philippine share index declined Tuesday after it hit its highest level since March 2018. But the peso finished with a slight gain, ending at P50.90 against the US dollar from P51 on Monday. Volume at the foreign exchange

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PSE index ends at highest level since March 2018

July 15, 2019

The Philippine Stock Exchange (PSE) index on Monday finished at its highest since March 2018 as it hit bull market territory. The index closed at 8, 365.39, up 223.47 points. In the broader market, there were 124 gainers, 62 losers

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Personal remittances increase to $13.7 billion in Jan-May: BSP

July 15, 2019

Personal remittances from Overseas Filipinos (OFs) rose to $2.9 billion in May, a 5.5 percent increase from $2.7 billion in the same period last year, the Bangko Sentral ng Pilipinas (BSP) said Monday. On a cumulative basis, personal remittances for

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