Philippine stocks ended in the green for a second straight session, bringing it closer to the index’s previous all-time high on May 15, but some analysts remained unconvinced that this would be the start of a new uptrend. The benchmark Philippine Stock Exchange index (PSEi) climbed 0.78 percent to 7,385.07 on Wednesday’s close while [...]
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The annual tax season made it for the Bureau of Internal Revenue as collections reached P149 billion in April, surpassing a month’s goal for the first time this year.
Bent on pushing more money out of vaults and into the economy, the Bangko Sentral ng Pilipinas has issued a memorandum to banks that will further limit their access to the BSP’s special deposit account (SDA).
Small change in the euro, one and two-cent coins, expensive to make and a nuisance for many, may have no future, the European Commission said Tuesday.
Business leaders concerned about operations of small and medium enterprises criticized the Commission on Election’s (Comelec) “money ban.”
The Securities and Exchange Commission has approved a plan by the Rebisco group’s commercial banking arm Asia United Bank to debut on the Philippine Stock Exchange and sell as much as P9.68 billion in shares of stock.
A leading economist from Dutch financial giant ING sees the Bangko Sentral ng Pilipinas further slashing the rate on special deposit accounts (SDAs) by as much as 100 basis points more to ward off speculative flows and curb the peso’s appreciation.
Local stocks are seen testing record highs this year as investors continue chasing yields in a low-interest rate environment.
The ability of the Philippines to pay its foreign debts improved significantly in 2012, with the country’s debt service burden (DBS) ratio to total foreign exchange revenue falling below 10 percent, which was better than international standards.
The Securities and Exchange Commission has allowed the Philippine Stock Exchange to tweak guidelines for the nomination and election of board members so as to allot only a single seat representing small brokers.
After an impressive weekly market advance of 328.76 points or 5.04 percent (buoyed by the upgrade given by Fitch Ratings on the country) when it closed for the Holy Week, the market retreated to negative territory last week, ending with a net loss of 120.33 points or 1.76 percent at 6,727.14.
