Economy

Peso ends week sideways, PSEi down on investors’ concerns

By Joann Villanueva/Philippine News Agency MANILA – The Philippine peso was little changed against the US dollar after investors’ hopes for a cut in the European Central Bank’s (ECB) key rates were...

IMF official: PH economy to remain robust

By Joann Villanueva/Philippine News Agency MANILA – An official of the International Monetary Fund (IMF) said the lender's 2019 growth forecast for the Philippines, which was slashed by 0.5 percentage points to...

Local markets bounce back in Thursday trading

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine Stock Exchange index (PSEi) climbed to the 8,200-level on Thursday, while the peso ended the day stronger, partly due to hopes of unchanged...

Dominguez pitches PH economic boom to Kyushu bizmen

PR/Philippine News Agency MANILA -- Finance Secretary Carlos Dominguez III invited businessmen from Japan’s Kyushu Economic Federation (Kyukeiren) to take part in the development of the Philippine economy, which the Duterte administration...

TDF rises amid undersubscription

By Joann Villanueva/Philippine News Agency MANILA – The Term Deposit Facility (TDF) auction on Wednesday was undersubscribed but rates increased across-the-board. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the...

Peso holds ground, but local shares stumble

By Joann Villanueva/Philippine News Agency MANILA – Risk aversion ruled the trading floor on Wednesday after the International Monetary Fund (IMF) trimmed its global growth forecast for this year and 2020, affecting...

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