MANILA -- Both the Philippine peso and the local bourse ended in the red on Thursday after news broke out of a higher-than-expected June inflation.
The local unit ended the trading at 53.42...
MANILA -- Actual inflation rate in June exceeded the government’s outlook as it stood at 5.2 percent, a record-high in more than five years.
Data released by the Philippine Statistics Authority (PSA) Thursday...
MANILA -- The Department of Finance (DOF) sees inflation increasing even further to 4.9 percent in June, from the 4.6 percent figure posted in May.
In the DOF economic bulletin released on Tuesday,...
MANILA -- The Department of Finance (DOF) sought to allay domestic and foreign investors' fears that the depreciating peso is dragging the national economy down with it.
In its economic bulletin released on...
China defended its trade practices Thursday as being beneficial to the world as it tries to ease pressure from the United States and Europe to abandon what they consider to be...
MANILA -- BMI Research, Fitch Group's think tank, contends that the current policy interest rates of Bangko Sentral ng Pilipinas (BSP) are still “too low” to propel the country’s gross domestic product...
