Finance

Inflation remains manageable, says DOF

The Department of Finance (DOF) said inflation in October 2017 likely peaked at 3.5 percent from 3.4 percent a month ago, driven mainly by higher price increases in non-food items, particularly...

DepEd helps teachers manage finances

MANILA -- The Department of Education (DepEd) continues to explore ways that would enable teachers and other personnel to manage their finances. In a statement issued Friday, DepEd cited that these measures...

PSEi, peso up after two-day trading break

MANILA - - Both the Philippine Stock Exchange index (PSEi) and the peso finished Thursday better after a two-day trading suspension in line with the All Saints’ Day holiday. PSEi rose for...

DBS sees BSP rate hike before end ’17

MANILA - - Multinational banking institution DBS forecasts a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates before end-2017 partly due to sustained rise of inflation rate. “We expect BSP...

TDF rates up this week

MANILA -- Rates of the Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) rose Thursday, with banks exceeding the offering for the longer-dated facility. Data released by the central bank showed...

BSP set to relaunch consolidation program for rural banks

MANILA -- The Bangko Sentral ng Pilipinas (BSP) is set to sign with several other government agencies an amended rules governing consolidation of rural banks. BSP Deputy Governor Chuchi Fonacier said they...

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