Economy

PH to be upper middle income country by 2020

By Leslie Gatpolintan/Philippine News Agency MANILA – Socioeconomic Planning Secretary Ernesto Pernia on Wednesday said the Philippines will likely advance to an upper middle-income status in 2020 despite slower economic expansion in...

Local shares close firmer, peso weakens

By Joann Villanueva/Philippine News Agency MANILA – Tamed expectations of a 50-basis point cut in the Federal Reserve’s key rates next week weakened the Philippine peso Tuesday but the Philippine Stock Exchange...

BSP to offer P80-B in this week’s TDF auction

By Joann Villanueva/Philippine News Agency MANILA – The Bangko Sentral ng Pilipinas (BSP) maintained at PHP80 billion the Term Deposit Facility (TDF) offer volume for this week, a repeat of last week's...

Peso stays put, local stocks slip

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine peso ended Monday little changed amid the strengthening of the US Dollar but the Philippine Stock Exchange index (PSEi) declined due to lingering...

Fed rate cut expectations lifts PSEi, but peso ends week lower

By Joann Villanueva/Philippine News Agency MANILA -- Investors' expectation of as much as a 50-basis point cut in the Federal Reserve’s key rates late this month further lifted the Philippine Stock Exchange...

Peso retakes 50-level, local stocks recover

By Joann Villanueva/Philippine News Agency MANILA – Lower-than-expected growth of US housing figures boosted the Philippine peso back to the 50-level on Thursday while the Philippine Stock Exchange index (PSEi) recovered after...

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