Finance

Peso continues slide but local bourse breaks losing streak

MANILA -- The Philippine stock market closed Tuesday on a positive note to end the eight-day losing streak but the Philippine peso continued to slide against the US dollar. The local currency finished...

Peso firms up, stocks sink deeper into bear territory

MANILA -- While the Philippine peso was regaining strength against the greenback on Thursday, local stocks continued their decline, plunging more than 2 percent, sinking deeper into bear territory. The local unit rose...

PH budget system hastens process for ODA-funded projects

MANILA -- Budget Secretary Benjamin Diokno on Wednesday said the government has instituted measures to fast track the processing of foreign-assisted projects and to address underspending, as the country prepares for the...

Peso weakens further; bearishness takes over bourse

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...

Peso, local stocks plummet anew

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...

Remittances rebound in April

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...

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