BUSINESS & ECONOMY
Table of Contents

October 31, 1997:
CENTRAL BANK TO CHECK BANK CREDIT, AUTO LOANS

STOCKS FAIL TO SUSTAIN REBOUND

October 30, 1997:
STOCKS STAGE DRAMATIC COMEBACK

PESO GAINS, TRADES AT P34.75/DOLLAR

October 29, 1997:
PESO STEADY AGAINST ASIAN TURMOIL

DOW CRASH PULLS DOWN RP SHARES

October 28, 1997:
PHISIX BUCKS TREND, SHARES HIGHER

PESO NOW P35.30/DOLLAR

October 27, 1997:
17% DIP IN CONSTRUCTION MATERIALS EXPORTS

BOEING SETS UP SHOP IN CLARK

October 26, 1997:
TAX EXEMPTIONS FOR JEWELRY MAKERS

SMART POSTPONES IPO OFFERING

October 25, 1997:
STOCKS REBOUND, CLOSE 14.87 POINTS HIGHER

PESO SHEDS 32 CENTAVOS

October 24, 1997:
BENPRES RIGHTS OFFER SET DEC. 2

STOCK MARKET CRASHES, PESO RISES

October 23, 1997:
SHARES LOSE 65 POINTS, PESO NOW 34.64/DOLLAR

October 22, 1997:
OWNERS BLAMED FOR MONTE DE PIEDAD COLLAPSE

PESO WEAKENS TO P34.22/DOLLAR, STOCKS DROP

October 21, 1997:
PESO, STOCKS SUFFER MINOR LOSSES

ECONOMY REMAINS STRONG -- FVR

October 20, 1997:
LESS FOREIGNERS INVESTING IN RP

INVESTMENTS RISE 169% IN ECOZONES

October 19, 1997:
MOBILE PUBLIC PHONES IN RP BY 1998

PESO SLIDE REDUCED DEFICIT -- NEDA

DUTY FREE SHOPS BANNED FROM SELLING RICE, SUGAR, COFFEE

October 18, 1997:
STOCKS POST MARGINAL GAIN

PESO GAINS TEN CENTAVOS

October 17, 1997:
PESO ON UPSWING, GAINS 29 CENTAVOS

BARGAIN-HUNTING SUPPORTS STOCK MARKET

October 16, 1997:
STOCK MARKET RALLY ENDS, SHARES DOWN

PESO LOSES 93 CENTAVOS, NOW P34.24/DOLLAR

October 15, 1997:
PESO DIVES, STOCKS RISE

OBSOLETE SECURITIES ACT BLAMED FOR ANOMALIES

October 14, 1997:
TAX ON BONUSES NIXED BY FOREIGN TRADERS

STOCK MARKET STEADY, GAIN MARGINAL

October 13, 1997:
SEC TIGHTENS RULES ON FUTURES TRADE

MACAPAGAL OFFERS BALANCE OF PAYMENTS SOLUTION

October 12, 1997:
MINERS REQUIRED TO PAY ENVIRONMENT FUND

CENTRAL BANK EXPECTS PESO RECOVERY

October 11, 1997:
FACTORY CLOSED BY STRIKE LAYS OFF WORKERS

THE WORST IS OVER - STOCKS JUMP

October 10, 1997:
PESO STRENGTH BOOSTS STOCKS

PESO REBOUNDS, GAINS 71 CENTAVOS

October 9, 1997:
PESO STEADY, STOCKS RISE A BIT

October 8, 1997:
PESO FALL, HIGH INTEREST KILLING STOCKS

PESO DIPS TO 35.98, GOVT INTERVENTION FAILS

October 7, 1997:
GOVERNMENT NIXES PRICE CONTROL

PESO SKIDS TO 34.926/$, STOCKS DOWN 68 POINTS

October 6, 1997:
FVR VOWS HELP TO FOREIGN MINING VENTURES

October 5, 1997:
GOVT WORRIED, PROBES REAL ESTATE GLUT

October 4, 1997:
PESO AT 34.494/DOLLAR, STOCKS STEADY

CLUB SHARES SALESMEN NEED SEC LICENSES

October 3, 1997:
SUBIC'S GORDON CLOSES TAIWANESE GOLF COURSE

STOCK MARKET LOSES 36 POINTS

PESO RECOVERS, GAINS 69.3 CENTAVOS

October 2, 1997:
PESO FALL UNSTOPPED, NOW 34.926/DOLLAR

October 1, 1997:
PESO TUMBLES TO 34.35, STOCKS STEADY

STOCK MARKET TAXES EXCESSIVE, SAY TRADERS

AYALA PREDICTS CONDO GLUT, PRICE FALL

NEWS ARCHIVE FOR SEPTEMBER, 1997


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