Economy

Inflation drops to 21-month low of 2.7% in June

By Leslie Gatpolintan/Philippine News Agency MANILA -- The country’s inflation rate eased to a 21-month low, falling to 2.7 percent in June, amid government measures to tame food prices. The Philippine Statistics Authority...

Inflation slowdown puts gov’t targets within reach

By Joann Villanueva/Philippine News Agency MANILA -- Philippine monetary officials have renewed confidence in hitting inflation targets following the fall of June's inflation rate to 2.7 percent from 3.2 percent in the...

Fed hike expectations boost peso, local stocks slide

By Joann Villanueva/Philippine News Agency MANILA – Anticipation of the US Federal Reserve cutting its rates allowed the Philippine peso to end Thursday sideways against the greenback, but the main equities gauge...

Local markets end sideways in midweek trading

By Joann Villanueva/Philippine News Agency MANILA – A wait-and-see stance ahead of the release of Philippines’ June 2019 inflation report resulted in the sideways midweek close of the Philippine peso while global...

Diokno eyes 6% level output for PH economy in Q2

By Joann Villanueva/Philippine News Agency MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is optimistic of at least a six percent growth in the domestic economy in the second...

BTr fully awards 3-year T-bond

By Joann Villanueva/Philippine News Agency MANILA – The Bureau of the Treasury’s (BTr) auction committee made a full award for the freshly-issued three-year Treasury bond (T-bond) Tuesday following strong demand. Demand for the...

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