Economy

Monetary Board adjusts average inflation forecasts

By Joann Villanueva/PNA MANILA -- Average inflation forecasts for 2018-20 were raised after the Monetary Board (MB) took stock of more recent economic developments both here and abroad. The Bangko Sentral ng Pilipinas (BSP)...

Local markets up due partly to BSP rate hike

By Joann Villanueva/PNA MANILA -- Philippines’ main equities gauge rose for the second consecutive day ahead of Bangko Sentral ng Pilipinas’ (BSP) announcement on its latest policy rate decision, while the peso also...

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...

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