Cnn business news philippines 1 june 2019
Here are the top business news stories from CNN Philippines on June 1, 2019:
Top Stories
- PH stocks rise on Wall Street gains: The Philippine Stock Exchange (PSE) index rose 1.14% to 7,934.19 on Friday, tracking gains in the US market. (Source: CNN Philippines)
- Duterte signs law creating Department of Migrant Workers: President Rodrigo Duterte has signed Republic Act No. 11233, which creates the Department of Migrant Workers to protect and promote the welfare of Filipino overseas workers. (Source: CNN Philippines)
- SM Prime Holdings to develop P10-B mall in Vietnam: SM Prime Holdings, the largest mall operator in the Philippines, has partnered with Vietnam's Vingroup to develop a P10-billion mall in Hanoi, Vietnam. (Source: CNN Philippines)
Business News
- Philippine economy grows 6.4% in Q1: The Philippine economy grew 6.4% in the first quarter of 2019, driven by strong domestic demand and a rebound in exports. (Source: CNN Philippines)
- BSP keeps interest rates steady: The Bangko Sentral ng Pilipinas (BSP) has kept its key interest rates steady, citing a stable inflation outlook and a strong economy. (Source: CNN Philippines)
- Globe Telecom to invest P10-B in 5G network: Globe Telecom, one of the largest telecommunications companies in the Philippines, has announced plans to invest P10 billion in its 5G network. (Source: CNN Philippines)
Market Updates
- PSEi rises 1.14% to 7,934.19: The Philippine Stock Exchange (PSE) index rose 1.14% to 7,934.19 on Friday, driven by gains in the mining and banking sectors. (Source: CNN Philippines)
- Foreign investors buy P1.4-B worth of Philippine stocks: Foreign investors bought P1.4 billion worth of Philippine stocks on Friday, according to data from the Philippine Stock Exchange. (Source: CNN Philippines)
These are just some of the top business news stories from CNN Philippines on June 1, 2019. If you're looking for more information or specific news articles, please let me know!