Economy

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...

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...

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