Finance

Peso, PSEi finish week with gains

MANILA -- Volatility in the financial market continues to affect the Philippines’ financial markets but on a positive note with equities market recovering amid foreign selling and the peso improving against...

PH to remain active in global capital markets — Dominguez

MANILA -- The Philippines will remain active in the global capital markets and is eyeing not just a Panda bond issuance but also a Samurai bond issuance. Finance Secretary Carlos Dominguez III...

Fitch Ratings notes gains on new reporting rules for real estate loans

MANILA -- Fitch Ratings on Thursday cited the Bangko Sentral ng Pilipinas' (BSP) new requirements for enhanced reporting from banks on property lending and project finance, saying this will help detect risks...

ADB maintains PH growth forecast for 2017, 2018

MANILA -- The Asian Development Bank (ADB) has maintained growth forecast for the Philippines for this year and 2018, on the back of the government’s aggressive infrastructure push and implementation of...

Economist keeps BSP rate hike forecast in Q4 ’17

MANILA -- An economist of ING Bank Manila is keeping his forecast of a 25 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates in the last quarter...

DOF commits to further improve collections of revenue agencies

The Department of Finance (DOF) has committed to further improve the collections of the state’s main revenue agencies, which reported “promising growth figures” in tax revenues of 8.8 percent in the...

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