Economy

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...

PH 7-year T-bond rate falls

By Joann Villanueva/Philippine News Agency MANILA – The rate of Philippine government-issued seven-year Treasury bonds (T-bonds) fell 89.8 basis points on Tuesday prompting National Treasurer Rosalia de Leon to attribute the decline...

BSP posts P17.58-B income in Jan-April

By Joann Villanueva/Philippine News Agency MANILA -- The Bangko Sentral ng Pilipinas (BSP) posted a 0.17 percent year-on-year increase in net income in the first four months of 2019, rising to PHP17.58...

Peso surges to 50-level, but local shares drop

By Joann Villanueva/Philippine News Agency MANILA -- Anticipation of rate cuts in several countries, including the Philippines, allowed the peso to close at the 50-level to a US dollar Tuesday but the...

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