MANILA, March 31 PNA) –- Local share prices extended their rally to a second day on Monday on recent euphoria aided by strong economic data. The benchmark Philippine stock exchange index (PSEi)…
Category: Business & Economy
Profit-taking lifts peso vs U.S. dollar
MANILA, March 31 (PNA) — The peso closed sideways to a dollar Monday on profit-taking due mainly to strengthening of regional bourses. It closed P0.06 better after finishing at 44.81 from 44.88…
Asia Pacific-based American CEOs urged to invest in PHL as economy improves
MANILA, March 31 (PNA) — American chief executive officers in Asia Pacific region were urged to invest in the Philippines as the country enhances its business environment and continues to improve its…
Gov’t-MILF peace agreement positive for PHL economy – Moody’s
By Joann Santiago MANILA, March 31 (PNA) — Moody’s Investors Service has dubbed as “credit positive” last week’s signing of the Comprehensive Agreement on the Bangsamoro (CAB) between the Government of the…
Low interest rates lift PHL stocks
MANILA, March 28 (PNA) –- Philippine equities rebounded slightly on Friday as players cheered central bank’s decision to keep key interest rates at record low. The bellwether Philippine stock exchange index (PSEi)…
Domestic trade increases 5% Q4 of 2013 – PSA
By Kris M. Crismundo MANILA, March 28 (PNA) — Commodity flow within the Philippines during the fourth quarter of 2013 has increased by 5.2 percent to Php 149.18 billion from the same…
News on possible Chinese stimulus program lifts peso vs dollar
MANILA, March 28 (PNA) — The peso improved against the U.S. dollar Friday on general strengthening of regional currencies and news about the possibility that China will implement a fiscal stimulus. It…
PHL’s q1 ’14 consumer sentiment up
By Joann Santiago MANILA, March 28 (PNA) — Consumer sentiment in the Philippines for the first quarter of 2014 improved tracking those of Germany, Indonesia, South Korea and Taiwan. Result of the…
Electronics industry remains at 5% growth target despite recovery of foreign economies, high exchange rate
By Kris M. Crismundo MANILA, March 28 (PNA) — The electronics industry is yet considering adjustment of its export revenue growth target for 2014 despite recovery of foreign economies and higher exchange…
Ayala Land invests Php 6.8-B to build township project in Bulacan
MANILA, March 26 (PNA) — Property giant Ayala Land Inc. (ALI) is investing Php 6.8 billion over the next five years to build its first township project in San Jose Del Monte…
Anchor Land sets Php 1-B to develop 5-star boutique Admiral Hotel
By Leslie D. Venzon MANILA, March 26 (PNA) — Luxury property developer Anchor Land Holdings Inc. is spending Php 1 billion to revive the historic Admiral Hotel into the country’s first five-star…
Peso posts improvement, closes at 44-level
MANILA, March 26 (PNA) — The Philippine peso strengthened to a dollar Wednesday and even closed to the 44-level on back of profit-taking and strong end-of-the-month dollar demand for corporates. It ended…
Stocks index rises after Fitch affirms PHL ratings outlook
MANILA, March 26 (PNA) — Local equities rebounded slightly on Wednesday after Fitch Ratings affirmed the investment grade rating on the Philippines. The barometer Philippine stock exchange index (PSEi) gained 12.16 points…
IMF upgrades ’14 growth forecast for PHL
By Joann Santiago MANILA, March 26 (PNA) — The International Monetary Fund (IMF) on Wednesday announced the upward revision of its growth projection for the Philippines to 6.5 percent from 6.3 percent…
PHL stocks retreat anew
MANILA, March 25 (PNA) –- Local share prices retreated anew on Tuesday, tracking declines in European and United States equities on weak American manufacturing data. The benchmark Philippine stock exchange index (PSEi)…