Finance

Peso unmoved, local stocks downed by lackluster GDP

MANILA -- The lower-than-expected growth of the Philippine economy in the second quarter of 2018, which was at a lackluster six percent, resulted in the negative close of the Philippine Stock Exchange...

BSP hikes rates by 50bps

MANILA -- The Monetary Board (MB) on Thursday raised key interest rates by another 50 basis points, in a decision which did not surprise the market. The increase, which takes effect August...

PSEi recovers, Peso little changed ahead of major data releases

MANILA -- Risk-on sentiment lifted local equities but a wait-and-see stance resulted in the sideways close of the peso on Wednesday. The Philippine Stock Exchange index (PSEi) recovered and went up 1.63 percent,...

July inflation uptick still within BSP forecast: DOF exec

MANILA -- The 5.7 percent inflation uptick in July did not catch government by surprise as it was still within the forecasted range, an official of the Department of Finance said on...

P3.757-T 2019 cash-based budget ‘revolutionary’: Diokno

MANILA -- The House of Representatives' appropriations committee on Tuesday started its plenary deliberations on the proposed PHP3.757-trillion national budget for 2019. During the briefing by the Development Budget Coordination Committee (DBCC), Budget...

BSP working with stakeholders for a national QR Code

MANILA -- Bangko Sentral ng Pilipinas (BSP) is currently working with stakeholders to develop national QR code standards in line with its program to establish an effective electronic retail payment system. Quick Response...

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