05 January 2011
USD/PhP: 43.77 + 0.08 PSEi: 4212.98 - 5.75
USD/JPY: 81.94 PFINC: 969.26 + 4.68
EUR/USD: 1.3277 BDO: 59.00 + 1.00
GBP/USD: 1.5617 BPI: 59.50 + 0.15
PDSTF3M: 1.1277 MBT: 72.05 - 0.90
Prices as of 4:00pm Source: Bloomberg, Reuters
Philippines Showing Signs of Fiscal Consolidation, Moody’s Says
By Clarissa Batino
Jan. 5 (Bloomberg) -- The Philippines is likely to meet its 2010 budget deficit target and that “recent fiscal developments suggest a possible return to fiscal consolidation,” said Christian de Guzman, assistant vice president at Moody’s Investors Service.
The rating agency will assign a Ba3 rating to the government’s 25-year peso-denominated global bonds, Moody’s said in a statement today.
PH stocks end mixed Wednesday
MANILA, Philippines (Xinhua) - The Philippine market finished mixed Wednesday.
The bellwether Philippine Stock Exchange index lost 5.75 points, or 0.14 percent to 4,212.98. The broader all-share index increased by 0.03 percent, or 0.87 point to 3,029.33.
Trading volume reached 2.64 billion shares worth 3.99 billion pesos (91.2 million U.S. dollars). A total of 70 issues closed lower, 69 finished higher and 41 were unchanged.
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