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BusinessWorld
April 18, 2021 | 8:35 pm
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THE PESO is likely to appreciate against the greenback this week amid flows from tax payments and improved sentiment due to better global corporate earnings.
The peso finished at P48.38 a dollar on Friday, gaining six centavos from its P48.44 close on Thursday, based on data from the Bankers Association of the Philippines.
It also strengthened by 16 centavos against its P48.54 finish on April 8. The market was closed on April 9 for the Day of Valor.
Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort attributed the peso’s strength last week to positive sentiment after the announcement of a new priority group for vaccination that includes economic frontliners.
DAVAO, Apr. 18 The Department of Science and Technology Region XI, together with the Davao City community of innovators, inventors, startups and technopreneurs, welcomes the approval of the landmark ordinance establishing the Davao City Inventions and Innovations Center (DCIIC) during the 14th Regular Session of the 19th City Council of Davao on April 13, 2021.
Authored by Councilor Pilar Braga, chairperson of the Committee on Education, Science and Technology, Art and Culture, the said ordinance seeks to provide a venue where Davao City-based inventors, innovators and startups can access goods, services, and capital so that their inventions and innovations can be fully developed, promoted and funded.
(Photo courtesy of DOST)
DOST-XI Regional Director Dr. Anthony C. Sales said the passage of the landmark ordinance would help foster and sustain a supportive and sustainable ecosystem for the local inventors and innovators.
“The landmark ordinance sets foot the much-needed legislative support from the local government unit. The establishment of the DCIIC will be pivotal in complementing DOST-XI’s existing and future programs, projects and activities to develop and promote innovations and inventions in Davao City,” he said in a statement.
The ordinance, authored by Councilor Pilar Braga, was approved during the 14th regular session of the 19th City Council of Davao on April 13.
Peso strengthens as gov t adds economic frontliners on vaccine priority bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.