MANILA -- The Philippine peso, hovering around a 12-year low, weakened further against the greenback, while the local stock market slipped deeper into bear-market territory on Wednesday.
The local unit closed today's session...
MANILA – The Philippine peso extended its decline for the sixth consecutive trading day, while the local bourse continued its losing streak as it fell back to the 7,400-zone on Monday.
The local...
MANILA -- As expected by the market, remittances in April made a positive turnaround after declining in March, when there were fewer banking days due to the Holy Week holidays.
Bangko Sentral ng...
MANILA -- The Department of Finance on Tuesday branded the proposed second package of the Duterte administration’s Tax Reform for Acceleration and Inclusion program or TRAIN 2 as "pro-business, pro-investments, and...
DAVAO CITY—The Department of Finance (DOF) is pushing a trio of initiatives to enable the rural banking system to meet the challenge of reducing the number of "unbanked" Filipinos, given that...
MANILA – The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved the implementing rules and regulations (IRR) of the law regulating the Philippine credit card...
