Business

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...

PH economy continues to grow despite inflation

MANILA -- Despite rising inflation, the Philippine economy is improving since the proportion of employed Filipinos also rose in July 2018, Malacañang said Tuesday. “Ang ekonomiya naman, bagama’t meron tayong problema sa inflation,...

Peso stays afloat, local shares down on trade concerns

MANILA -- A host of concerns, both from overseas and in the domestic front continue to haunt Philippine equities but the peso was able to stay afloat as the week's trading came...

BSP to ‘take strong immediate action’ vs. inflation

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has affirmed its readiness to “take strong immediate action using the full range of instruments in its toolkit” to address threats generated by higher-than-expected...
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