Business

Local markets down again Wednesday

By Joann Villanueva/PNA MANILA -- The United States-China trade discussions resumed Wednesday and was a major contributing factor to risk-off sentiments, which resulted in the slide of both the Philippine peso and the...

DOF: PH won’t fall into China’s debt trap

By Azer Parrocha/PNA MANILA -- Officials of the Department of Finance (DOF) on Wednesday allayed critics’ fears anew that the Philippines could fall into China’s debt trap saying the government never reneged on...

TDFs post mixed results

By Joann Villanueva/PNA MANILA -- The rates of two of Bangko Sentral ng Pilipinas' (BSP) lower term facilities registered mixed results during Wednesday's auction. Data released by the central bank show that the average...

BTr fully awards 7-year T-bond

By Joann Villanueva/PNA MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday made a full award of the seven-year Treasury bond on the back of high demand and drop in...

Local markets bounce back Tuesday

By Joann Villanueva/PNA MANILA -- Both the Philippine Stock Exchange index (PSEi) and the peso recovered on Tuesday after starting the week with losses. PSEi recovered 0.56 percent, 44.01 points, to 7,907.03 points, which...

Expanded maternity leave to cut SSS actuarial life by 1 year

By Joann Villanueva/PNA MANILA -- The Expanded Maternity Leave law is estimated to shorten the Social Security System’s (SSS) fund life by one year if a contribution hike is not imposed to correct...
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