The peso closed the trading week virtually flat, just shaving off slight gains at 42.85 per US dollar yesterday; shares closed 1.48 percent higher.
The benchmark Philippine Stock Exchange index increased by 68. 21 points to 4,679.89. The all-share index went up by 31.24 points or 1 percent to 3,168.91.
There were 100 gainers and l6 1osers; 49 stocks closed flat.
Trading volume reached 7.46 billion shares worth P.93 billion.
A total of $1052.420 million changed hands at the Philippine Dealing and Exchange Corp.
Published : Wednesday April 25, 2012 | Category : Business | Views : 424
THE Asian Development Bank (ADB) Monday urged regional governments to tackle rising income inequality with more urgency, warning any delay could undermine social cohesion and economic growth. Rajat Nag, ADB’s managing director-general, said failing to address the problem now could spark further dissatisfaction and lead governments to resort to populist... Read more
Published : Sunday April 22, 2012 | Category : Business | Views : 418
The IMF raised $430 billion in new funds for crisis intervention Friday, with China and other emerging economic giants taking part despite worries the money will go to more eurozone bailouts. After weeks of seeking pledges for its “global firewall”, the International Monetary Fund said the BRICS group — China,... Read more
Published : Sunday April 22, 2012 | Category : Business | Views : 486
Banco De Oro Unibank president Nestor Tan gave the bank’s target this year and its future plans in Friday’s stockholders meeting at Makati Shangri-La Hotel. Tan explain how BDO will sustain growth momentum and target P12.5 billion in net earnings for 2012. He also gave the performance of the bank ... Read more
Published : Saturday April 21, 2012 | Category : Business | Views : 425
THE Bureau of Immigration collected a total of P2, 208,158,425.57 in immigration fees from foreigners who opted to stay longer in the Philippines last year, a 37.60 increase from the previous year’s P829,167,146.78. BI-Immigration Regulation Division Chief Danilo Almeda said the collection came from the bureau’s main office in Intramuros,... Read more
Published : Wednesday April 18, 2012 | Category : Business | Views : 485
THE World Bank chose Korean-American physician Jim Yong Kim as its next chief Monday in a decision that surprised few despite the first-ever challenge to the US lock on the Bank’s presidency. The Bank’s directors picked the 52-year-old US health expert and educator over Nigerian Finance Minister Ngozi Okonjo-Iweala amid... Read more
