Economy

Peso stays afloat, local shares down on trade concerns

MANILA -- A host of concerns, both from overseas and in the domestic front continue to haunt Philippine equities but the peso was able to stay afloat as the week's trading came...

BSP to ‘take strong immediate action’ vs. inflation

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has affirmed its readiness to “take strong immediate action using the full range of instruments in its toolkit” to address threats generated by higher-than-expected...

NFA assures continuous sale of low-priced rice

MANILA -- The National Food Authority (NFA) has assured the public that the agency will continue to distribute its PHP27 and PHP32/kilogram rice in the markets to ensure that consumers will...

Biz sentiment declines but outlook brighter for Q4

MANILA -- Business sentiment in the third quarter of 2018 slid to 30.1 percent, the lowest since the first quarter of 2010, from quarter-ago’s 39.3 percent due to inflation concerns, both domestic...

Economists eye 50-bps hike in BSP rates as inflation surges

MANILA -- Several economists are projecting another hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates this September after inflation surged to nine-year high in August 2018 to 6.4 percent. In a...

Gov’t economic managers monitor inflation ‘with vigilance’

MANILA -- Malacañang on Wednesday said the economic team of President Rodrigo Duterte has been monitoring the inflation with vigilance. Presidential Spokesperson Harry Roque made this assurance as inflation hit a nine-year high...

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