Finance

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...

Proposed one-year validity of budget won’t lower gov’t spending

MANILA -- Budget and Management Secretary Benjamin Diokno is optimistic that state agencies are ready to implement projects even as allocation for the proposed PHP3.757 trillion 2019 national budget will only have...

Gov’t working on funding mix for Marawi rehab

MANILA -- The Philippine government is currently working on the funding mix for PHP52 billion of the five-year PHP62-billion budget for the rehabilitation and reconstruction of the devastated city of Marawi, the...

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