Business

Trade tensions continue to dampen local markets’ performance

MANILA -- External developments continue to contribute to the weakness of both the Philippine peso, which fell to its weakest since December 2005, and the Philippine Stock Exchange index (PSEi). The local currency...

Financial literacy in PH gets boost

MANILA -- Teaching financial literacy to students got another lift through a multi-sectoral program to educate teachers on this topic and provide tools that will make financial education more interesting. Global payment technology...

Duterte to personally decide on new telecom player

MANILA – President Rodrigo Duterte on Tuesday said he would personally decide on the new major telecommunication player’s entry if the National Telecommunications Commission (NTC) and other concerned agencies remain undecided by...

Peso stays put despite depreciation risks, PSEi continues decline

MANILA -- The Peso ended Tuesday's session sideways against the US dollar despite the strong pull towards the 54-level but the Philippine Stock Exchange index (PSEi) declined for the fifth straight day...

Treasury bureau rejects bids for 10-year T-bond

MANILA -- The Bureau of Treasury’s (BTr) auction committee on Tuesday rejected all bids for the 10-year Treasury bond due to undersubscription and demand for high yields. It offered the debt paper for...

PCCI execs unfazed by 6.4% inflation

MANILA -- Top officers of the Philippine Chamber of Commerce and Industry (PCCI) are taking the 6.4 percent August inflation rate in stride, even as they called on economic managers to apply...
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