Economy

BSP hikes rates by an additional 25 bps

By Joann Villanueva/PNA MANILA -- The Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) on Thursday hiked key policy rates by an additional 25 basis points despite recent numbers indicating that inflation...

Local shares recover, Peso stays still

By Joann Villanueva (PNA) MANILA -- The Philippine Stock Exchange index (PSEi) on Wednesday ended its three-day slide, lifted by encouraging earnings in the local bourse, while the peso was almost unchanged against the...

Peso improves ahead of MB meeting, local stocks sink

By Joann Villanueva (PNA) MANILA -- The Philippine peso improved against the US dollar Tuesday while the Philippine Stock Exchange index (PSEi) dropped further due to negative news overseas. The local currency ended the day...

Economic ministers to conclude RCEP next year

By Kris Crismundo (PNA) MANILA -- The Regional Comprehensive Economic Partnership (RCEP) Agreement is set to be signed in 2019 after economic ministers from 16 participating countries agreed to hasten negotiations to meet the...

Risk-off sentiment pull down local markets

By Joann Villanueva (PNA) MANILA -- Expectations of further increases in the US Federal Reserve’s key rates along with drop of prices of oil in the international market weighed down both the Philippine peso...

Rise of T-bill rates plateauing: National Treasurer

By Joann Villanueva (PNA) MANILA -- The rate of Philippine Treasury bills (T-bills) continued to rise across-the-board Monday, even as National Treasurer Rosalia De Leon noted that the upward momentum has decelerated relative to...

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