Economy

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...

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...

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