PH stocks index, peso end trade up
The Philippine Stock Exchange index (PSEi) and the peso both gained Friday as optimism continues to reign over various markets.
Category: Business
Oil prices may remain below $50 a barrel until 2023
Oil prices may remain below USD50 per barrel until 2023, according to the October report the International Energy Agency (IEA) submitted to TASS.
DTI chief sees no need to defer 13th-month pay
Department of Trade and Industry (DTI) Secretary Ramon Lopez sees no need to defer the 13th month pay for this year as the government stands ready to support distressed micro and small enterprises amid the pandemic.
Imported vehicle sales down 7% in August
Monthly sales of Association of Vehicle Importers and Distributors (AVID) slipped by 7 percent in August to 4,753 units from 5,100 unit sales in July.
Oil prices up as OPEC+ vows for strict compliance
Brent crude oil prices climbed on Friday after OPEC+ reassured the markets that it will strictly cut its total oil production by the determined level of 7.7 million barrels per day.
Apple becomes 1st US company to hit $2-T market cap
Apple became the first publicly traded US company to hit a USD2 trillion market capitalization Wednesday after its share price exceeded USD467.97.
SMC to develop sustainable mangrove crab industry in Bulacan
San Miguel Corporation (SMC) will grow 100,000 mud crabs monthly at its 10-hectare mangrove plantation site in Hagonoy, Bulacan to protect the forest and provide a new and sustainable source of livelihood for residents of the town and the rest of the province.
Car importers monthly sales up in July
Sales of vehicle importers in the country continued to post growth in July after the easing of the community quarantine measures in Metro Manila and other areas in the past months.
Megaworld nets P5.9B in H1; grows office business amid pandemic
Megaworld, the country’s leading developer of integrated urban townships, posted a 34-percent drop in its net income during the first half of 2020 to PHP5.9 billion from PHP8.9 billion during the same period last year.
Central Luzon LGUs welcome NLEX Candaba Viaduct upgrading
The ongoing upgrading of the North Luzon Expressway (NLEX) Candaba Viaduct, the decades-old elevated highway connecting this town, and the town of Apalit in Pampanga gained support from the public and private sectors in North and Central Luzon.
Rise of online shopping nationwide, not just from metro
The increase of online shopping since the implementation of community quarantines to address the rise of coronavirus disease 2019 (Covid-19) cases cannot be attributed primarily to the metropolis but nationwide.
Britain enters deepest recession on record due to pandemic
Britain has officially entered into a recession, according to new figures published on Wednesday. The recession is its deepest since the start of record-keeping and deeper than any other major economy.
Brent futures add 1.6% on London’s ICE, above $45/barrel
MOSCOW – Brent oil futures with delivery in October 2020 gained 1.6 percent to USD45.14 a barrel on the London-based ICE on Wednesday.
Indonesia’s economy shrinks after over 20 years
JAKARTA – Indonesia’s economy contracted for the first time in more than two decades due to the impact of the coronavirus disease (Covid-19) pandemic, the country’s Central Bureau of Statistics (BPS) announced on Wednesday.
PH stocks index regains footing, peso ends flat vs. USD
MANILA – The Philippine Stock Exchange index (PSEi) ended Tuesday up after a two-day slide while the peso finished flat against the US dollar. PSEi gained 1.04 percent, or 59.58 points, to 5,775.50 points. All Shares rose by 0.84 percent, or 28.51 points, to 3,426.97 points. Mining and Oil led the sectoral indices with a jump … Read More
Peso sustains rally; stocks slip anew
MANILA – The peso sustained its rally against the US dollar Thursday but the main equities index declined anew as investors remain anxious on trade issues overseas amid the rise in coronavirus disease 2019 (Covid-19) cases. After posting its more than three-year high a day ago, the local currency finished the day’s trade stronger at … Read More