Page 29 - Capital Development News Today

The peso dipped against the dollar and the stock market marginally rose at the start of the trading week.

The currency strengthened by 16 centavos to P56.63 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) recovered 39.87 points, or 0.64 percent, to 6,222.94.

The currency gained 15 centavos to close at P56.79 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) shed 58.62 points, or 0.94 percent, and settled at 6,183.07.

The currency weakened by 14 centavos to P56.94:$1, while the benchmark Philippine Stock Exchange index (PSEi) added 16.69 points, or 0.27 percent, to end the day at 6,241.69.

HIGHER inflation weighed on both the peso and the stock market on Tuesday, with the latter only avoiding a decline, thanks to bargain hunting.

[P]please be advised that there is no trading in USD/PHP foreigner (sic) exchange markets on 01 September 2023, the Bankers Association said in a statement, in view of the announcement of the Bangko Sentral ng Pilipinas (BSP) related to PhilPass Plus operations and monetary operations systems of the BSP for the day.

THE peso fell against the dollar, but the stock market rebounded back to the 6,200 level as Philippine financial markets reopened on Tuesday following a holiday break.

Tonga's economy struggles due to reliance on agriculture, lack of jobs and disasters. However, there is hope for poverty reduction in Tonga.

…As Wabote Applauds Stoilic Shipping for Showing Commitment The Executive Secretary of Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has commended the Management of Stoilic Shipping Limited for its commitment to growing indigenous Capacity for the Nigerian maritime sector adding that the partnership between both bodies would only usher in further progress

THE peso rebounded on Friday, but the stock market fell past a support level to end in 6,200 territory on continued investor fears.