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Philippines
Wednesday, May 8, 2024

Business

Stocks rebound on last-minute buying

Philippine stocks rebounded Wednesday on last-minute bargain hunting, narrower trade deficit in March and positive employment data. The 30-company Philippine Stock Exchange index rose 40.60 points, or 0.61 percent, to close at 6,659.18, while the broader all-shares index climbed 10.82 points, or 0.31 percent, to 3,516.57. Philstocks Financial Inc research analyst Claire Alviar said the positive employment data bolstered investor sentiment. Alviar said while the government reported that unemployment rate in March...

JG Summit doubled first-quarter income to P11 billion

JG Summit Holdings, Inc., the listed holding company of the Gokongwei Group,...

ERA teams up with Upper Room Realty to lift PH property market

ERA, a leading real estate brand under the Singapore-based APAC Realty, teamed...

Zamboanga faces power woes amid delays in contract approval

Zamboanga City faces the threat of power fluctuations and outages due to...

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PH economy grew 5.6% in 2021

The economy bucked the lingering impact of COVID-19 pandemic in 2021 as it grew 5.6 percent following a contraction of 9.6 percent in 2020,...

IMF upgrades 2021 PH growth forecast to 4.6%

The International Monetary Fund on Wednesday upgraded its 2021 growth projection for the Philippines to 4.6 percent from 3.2 percent, taking into account the...

NTC defends award of TV frequencies to Villar-led firm

The National Telecommunication Commission on Wednesday defended the award of TV frequencies previously held by ABS-CBN Corp. to a company controlled by the family...

BOP surplus fell 92% to settle at $1.35b last year

The country posted a balance of payments surplus of $1.35 billion in 2021, or 92 percent lower than the $16.02-billion surplus recorded in 2020,...

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