Business

BSP cuts 14-day TDF offering for September 26 auction

MANILA -- The Bangko Sentral ng Pilipinas (BSP) cut the offering for its 14-day Term Deposit Facility (TDF) up for auction on September 26, 2018 by half to PHP10 billion on the...

PH banana growers want immediate cut in SoKor tariffs

MANILA -- Local banana growers urged the government to fast track negotiations with South Korea to immediately lower the tariff on Philippine banana exports, noting that they cannot wait for the conclusion...

Local markets shed on external worries

MANILA -- Risk-off sentiments continue to dampen trading in the Philippines' equities and foreign exchange markets Thursday. The Philippine Stock Exchange index (PSEi) lost 1.20 percent or 86.50 points to 7,134.73 points. Landbank market...

NFA can’t match traders’ offer for palay

BALANGA CITY, Bataan -- The National Food Authority's (NFA) offer of PHP17 per kg. of palay cannot compete with the PHP28 per kg. or more offered by private rice traders. With this in...

Peso stays firm, PSEi slides on trade war, storm aftermath worries

MANILA -- The Philippine peso showed resilience, closing little changed against the greenback on Wednesday while the Philippine Stock Exchange index (PSEi) fell anew, partly on investors' persistent worries about the inflationary...

Robust growth seen to widen PH’s current account deficit

CLARK, Pampanga -- An economist of Barclays forecasts continued widening of the Philippines’ current account deficit to above two percent of gross domestic product (GDP) as the country imports more to meet...
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