Currency exchange values are displayed on the buy-sell board in Buenos Aires, on August 13, 2019 BUENOS AIRES - Argentina's peso slipped further against the dollar Tuesday while the stock market partially recovered as South America's third-largest economy continued to take a pummeling in the wake of pro-business President Mauricio Macri's crushing defeat in party primaries.The currency -- which plummeted 18.76 percent on Monday -- closed a further 1.77 percent down on Tuesday after the Central Bank had intervened to stave off bigger falls following losses of more than 3 percent by midday.The peso traded at 58.33 pesos to the dollar, as against 57.30 at Monday's close.The stock market rebounded 10 percent on Tuesday after having lost 38 percent in Monday's rout.The Buenos Aires Stock Exchange Merval Index closed Tuesday up 10.22 percent, recovering some of the losses shipped following Macri's defeat to a leftist opponent in the country's primaries ahead of October … [Read more...] about Argentine peso on roller coaster after Macri defeat
15 billion pesos
"Spider-Man: Far From Home", the wall-crawling and web-swinging friendly neighborhood superhero, is going from strength to strength - earning a mammoth P464.07-million in Philippine cinemas in its first two weeks of release. This has made it Columbia Pictures’ all-time biggest grossing movie in the Philippines, with no sign of slowing down. The film smashed the studio record on Day 13 when it outperformed the final gross of 2014’s Amazing Spider-Man 2 at P451.9-million. Movie review: ‘Spider-Man: Far From Home’ The top three biggest theater receipts came from SM Mall of Asia (P13.8-M), SM Megamall (P13.3-M) and Trinoma (P12.37-M). In the Top 15 rankings are SM North EDSA (12.33-M), Glorietta IV (P8.6-M), Power Plant (P8-M), Greenbelt (P7.3-M), Alabang Town Center (P5.9-M), UP Town Center (P5.765-M), SM Aura (P5.760-M), Ayala Cebu (P5.71-M), SM Cebu (P5.65-M), Robinsons Magnolia (P5.60-M), Vista Mall Evia (P5.5-M) and Greenhills (P5.2-M). The Tom … [Read more...] about ‘Spider-Man: Far From Home’ earns nearly half a billion pesos
Expect narrower trade gap, stronger peso — PNB Lawrence Agcaoili (The Philippine Star) - July 13, 2019 - 12:00am MANILA, Philippines — The country’s trade deficit may narrow to $42.1 billion this year, or 3.2 percent lower than last year’s $43.5 billion, according to Philippine National Bank. Jun Trinidad, economist at PNB, said the monthly trade gap may average at $3.5 billion in the third quarter and $4.1 billion in the fourth quarter. Trinidad said the likelihood of a swelling trade deficit in the second half comprises the fundamental risk to the peso outlook. The listed bank sees the peso ending at 52.3 to $1 this year, slightly stronger than last year’s 52.58 to $1. “Pressure on the peso may persist, but perhaps not as severe as last year if the trade deficit outlook narrows. We expect the peso at 52.30 by end-year barring any global risk-off triggered by stronger recession risk,” … [Read more...] about Expect narrower trade gap, stronger peso — PNB
(Why people are drawn to scams) Financial scams come and go. The same old tricks played by different characters using essentially the same principles. It’s a puzzle why even if we say time and time again that If it is too good to be true, it is not true. It is a scam! people still fall prey to this same old trick! Bakit ang tigas ng ulo? The latest addition to big time financial scams in the country is that of Kapa MinistryInternational Inc. (Kapa), founded by Pastor Joel Apolinario. It claims to help millions of Filipinos grow their money, by paying out a hefty (I think a need a stronger adjective here) return of 30% per month for life after a one-time donation anywhere from P10,000.00 to P2,000,000.00. The interesting thing about this scam is that there is no complaint from the members, now running at five million. In fact, last Friday, I spoke to someone who personally invested P50,000.00 and is not complaining, “Naku, ma’am, okay lang sa akin kahit hindi na ako … [Read more...] about KAPAg sobrang taas ang pangakong kita, kataka-taka!
MIAA remits record high P3.42-billion dividends for 2018 Catherine Talavera (The Philippine Star) - May 22, 2019 - 12:00am MANILA, Philippines — The Manila International Airport Authority (MIAA) has remitted an all-time high of P3.42 billion in dividends to the national government for 2018, the agency send in a statement. “On top of the P3.42 billion dividends, the MIAA likewise remitted P5.4 billion in corporate income taxes and national government share in MIAA’s gross revenues and departing passengers for 2018,” it added. MIAA is mandated to remit at least 50 percent of its annual net income to the national government after it was granted fiscal autonomy during the term of former president Corazon Aquino. “Since the Duterte administration took office in 2016, the MIAA dividend payments have significantly increased,” MIAA said. The airport authority earlier reported that it generated P14.11 … [Read more...] about MIAA remits record high P3.42-billion dividends for 2018