• 30 June 2016
MANILA, June 30 -- Local share prices rallied near 7,800-mark on Wednesday as it tracked the upbeat global markets days after the British exit ‘Brexit’ vote and ahead of Duterte administration.The barometer Philippine Stock Exchange (PSE) zoomed 131.84 points or 1.72 percent to 7,798.53 from previous day’s 7,666.69 finish.“The local bourse soared in tandem with global marts as expectation for more stimuli sent investors running for bargain issues,” said RCBC Securities Inc. in a market report.A two-day European Union (EU) Summit to discuss the British referendum result will be held next week.Banco de Oro Unibank chief market strategist Jonathan Ravelas said investors were optimistic of the new administration which would be inaugurated Thursday noon.Ravelas said the local market also tracked the recovery in Wall Street.All sector counters ended in the positive territory, led by services that surged 1.91 percent.Market breadth ended positive after 128 gainers overwhelmed 66 losers while 48 issues stayed on the sides.Value turnover amounted Php7.56 billion as 1.16 billion shares changed hands.(PNA) ...Read more

BREXIT Effect minimal for PHL economy - NEDA

 CENTRAL  30 June 2016
MANILA, June 30 -- The exit of the United Kingdom (UK) from the European Union (EU), also known as Brexit, has minimal direct effect on the Philippine economy due to strong macroeconomic fundamentals, according to the National Economic and Development Authority (NEDA). “The direct effect of Br ...Read more

National government budget surplus at P55 B in April 2016

 CENTRAL  30 June 2016
MANILA, June 30 -- The national government posted a surplus of P55.0 in April 2016 on the back of strong revenue collections, bringing the year-to-date deficit down to P57.5 billion. Net of interest payments, the national government’s primary balance for January-April 2016 stood at a surplus of ...Read more