Local stocks extend climb as vaccinations start

PHILIPPINE SHARES closed in the green as investors remained optimistic after the country’s coronavirus disease 2019 (COVID-19) vaccinations started. The benchmark Philippine Stock Exchange index (PSEi) went up by 46.57 points or 0.67% to close at 6,919.54 on Tuesday, while the broader all shares index climbed 14.52 points or 0.34% to 4,179.92. “The local bourse managed to close the day…

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Peso steady on PMI data, vaccination

THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive. The local unit closed at P48.59 per dollar on Monday, unchanged from its Friday finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s session at P48.60 per dollar.…

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Duterte signs bill creating coco levy trust fund

President Rodrigo R. Duterte on Friday night signed a measure creating a levy trust fund for coconut farmers, according to the presidential palace. Republic Act 115421 or the Coconut Farmers and Industry Trust Fund Act seeks to declare coconut levy assets as a trust fund to rehabilitate and modernize the country’s coconut industry. The measure lets poor coconut farmers benefit…

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Philippines to use Sinovac vaccine on health workers

An inter-agency task force has approved a plan to inoculate FIlipino health workers against the coronavirus using vaccines from Chinese drugmaker Sinovac BIotech Ltd., according to health authorities. This was upon the recommendation of an advisory group from the Department of Health (DoH), Undersecretary Maria Rosario S. Vergeire told an online news briefing on Friday. Experts agreed the vaccine would…

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