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Money Matters

PSEi snaps 6-day climb, succumbs to profit-taking

MANILA – Philippine equities snapped a six-day advance Thursday on profit-taking and fears of a possible United States (US) interest rate hike. The barometer Philippine Stock Exchange index (PSEi) declined 72.60 points, or 0.95 percent, to 7,589.95 from previous day’s 7,662.55 close. Ravelas said mixed second-quarter corporate earnings failed to ...

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Legarda: Nat’l budget must promote sustainable dev’t

SENATOR Loren Legarda, the new chairperson of the Senate Committee on Finance, said that she will endeavor to make the 2016 national budget inclusive and attuned to the sustainable development goals. “I have been entrusted with the task to chair the senate finance committee and I accept the duty with ...

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DTI brings industry roadmap to SMEs, LGU, academe

MANILA – The Department of Trade and Industry (DTI) hastens its thrust to make the new industrial policy more inclusive. DTI encourages the involvement of local business community, local government units (LGUs), and the academe nationwide to partake in the development of industry roadmaps. “By engaging our regional stakeholders, including ...

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Inflation rate reaches record low since 1995

MANILA – Lower food and energy prices pulled down the country’s inflation rate to its new lowest level in 20 years for the third consecutive month in July. The Philippine Statistics Authority reported that headline inflation rate plunged further to 0.8 percent in July 2015 from 1.2 percent in the ...

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PH stocks on a roll for 6 days straight

MANILA – The stock market extended its winning streak for the sixth straight day Wednesday, fueled by corporate earnings for the first semester. The benchmark index surged 64.26 points, or 0.85 percent to 7,662.55 from previous day’s 7,598.29 finish. In a market report, online brokerage firm 2TradeAsia.com said continued buying among ...

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Motorcycle firm launches second generation of TMX

HONDA Philippines Inc. ( HPI ) launched a much improved and upgraded 2nd Generation TMX Supremo! The latest premium tricycle model of Honda that is dubbed as “TODA sa LAKAS, SWABE sa kalsada”. According to Mr.Daiki Mihara, President of Honda Philippines, Inc., the TMX or Tricycle Model X-treme has been ...

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NDA encourages farmers to venture into milk production

DAVAO City – The National Dairy Authority (NDA) is intensifying its campaign to encourage farmers to venture into fresh milk production as 97 percent of the country’ supply is imported. NDA department manager Marilyn Mabale, speaking in Monday’s KapehansaDabaw at SM Ciy, said the Philippines spends a whopping P70 billion ...

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DTI holds 2nd speed matching for local producers, buyers

OVER 41 local producers and manufacturers met with 21 buyers including hotels, restaurants, supermarkets, convenient stores, consolidators and distributors gather together in one venue to negotiate trade earlier last week at Grand Caprice Restaurant, Cagayan de Oro City. The Department of Trade and Industry Misamis Oriental (DTI-MOR) provincial office organized ...

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