Economy

BSP hikes TDF offering

By Joann Villanueva/Philippine News Agency MANILA – The Bangko Sentral ng Pilipinas (BSP) further increased the offering under its Term Deposit Facility (TDF) for the auction on Wednesday. Data released by the central...

Peso, PSEi up on Fed rate hike anticipations

By Joann Villanueva/Philippine News Agency MANILA – Both the Philippine peso and the Philippine Stock Exchange index (PSEi) ended the week’s first trading up on rate hike expectations from the Fed. The local...

Timing is crucial for next rate cut, Diokno says

By Joann Villanueva/Philippine News Agency MANILA -- Philippine monetary officials have already made up their mind to further cut Bangko Sentral ng Pilipinas’ (BSP) key policy rates but BSP Governor Benjamin Diokno...

Foreign buying buoys peso, but local shares sink

By Joann Villanueva/Philippine News Agency MANILA — Foreign buying in the local bourse allowed the Philippine peso to remain firm against the US dollar but the main equities index sunk as the...

Diokno: Economy continues to stand on stable footing

By Joann Villanueva/Philippine News Agency MANILA -- The Philippines' macroeconomic fundamentals remain strong and still provide a solid backing against foreseeable challenges ahead. This was stressed by Bangko Sentral ng Pilipinas (BSP) Governor...

Peso, PSEi up on Powell’s testimony

By Joann Villanueva/Philippine News Agency MANILA -- Federal Reserve Chairman Jerome Powell’s hint that the Fed’s key rates may be due for a cut, possibly this month, boosted the Philippine peso and...

Popular