Economy

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...

BSP studying the production of P20 coins

By Joann Villanueva/Philippine News Agency MANILA – Studies are now underway for the possible production of PHP20 coins, which a ranking Bangko Sentral ng Pilipinas (BSP) official said would be a cost-effective...

Peso closes sideways, PSEi down in midweek trading

By Joann Villanueva/Philippine News Agency MANILA – The Philippine peso ended sideways against the greenback on Wednesday while risk-off sentiments among investors resulted in another retreat for the main equities index. The local...

TDF rates rise Wednesday

By Joann Villanueva/Philippine News Agency MANILA – The rates of Bangko Sentral ng Pilipinas’ (BSP) term facilities rose across-the-board Wednesday but the bid coverage ratio on all tenors declined after tenders turned...

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