Economy

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...

NEDA: PH trade to recover in 2nd half of 2019

PR/Philippine News Agency MANILA – Despite the Philippines’ recent decline in trade performance, imports and exports of goods are expected to be better in the second half of 2019 due to the...

Reduction in key rates may happen ahead of another RRR cut

By Joann Villanueva/Philippine News Agency MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Wednesday said a reduction in the central bank’s policy rates may happen ahead of another cut...

PSEi recovers, peso weakens in midweek trading

By Joann Villanueva/Philippine News Agency MANILA -- Enthusiasm returned to Philippine Stock Exchange after a two-day slide on Wednesday but the peso weakened ahead of the Congressional speech of Federal Reserve Chairman...

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