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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PSEi seen to correct after underperforming in Feb.

LOCAL SHARES are expected to correct today as February ends, with the month seeing the market underperforming amid local and global developments. The Philippine Stock Exchange Index (PSEi) declined by 58.72 points or 0.86% to close at 6,755.95 on Wednesday, while the broader all shares index fell 41.56 points or 1% to end at 4,100.16. Financial markets were closed on…

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Shares drop on delays in gov’t vaccine program

PHILIPPINE SHARES closed in the red on Wednesday as investors processed President Rodrigo R. Duterte’s decision to keep Metro Manila under strict quarantine measures until the country’s inoculation program begins. The Philippine Stock Exchange Index (PSEi) declined by 58.72 points or 0.86% to close at 6,755.95, while the broader all shares index fell 41.56 points or 1% to end at…

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Peso climbs vs dollar ahead of Powell remarks

THE PESO strengthened against the greenback on Tuesday as the dollar sank to a one-month low and amid expectations of supportive monetary policy from the US Federal Reserve. The local unit closed at P48.64 versus the dollar on Tuesday, gaining six centavos from its Monday’s finish of P48.70, data from the Bankers Association of the Philippines showed. The peso opened…

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Peso sinks to six-month low

THE PESO retreated against the greenback on Monday to log its weakest close in six months amid market expectations of a recovery in imports amid vaccine procurement developments. The local unit ended at P48.70 a dollar on Monday, shedding 24.9 centavos from its P48.451 finish on Friday, data from the Bankers Association of the Philippines. This is also its weakest…

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