Economy

Peso rises to 51-level vs. US dollar, local shares also up

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine peso improved against the US dollar Tuesday rising to the 51-level and the Philippine Stock Exchange index (PSEi) gained at the latter part...

Diokno: Large US dollar reserves to keep peso strong

By Joann Villanueva/Philippine News Agency MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Tuesday said he expects the peso to remain strong because of the solid growth of investments...

Local markets down on profit-taking

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine Stock Exchange index (PSEi) ended Monday in the red due to sustained profit-taking, which also affected the local currency. The PSEi slipped to 7,908.99...

T-bill rates decline anew

By Joann Villanueva/Philippine News Agency MANILA – The rates of Philippines Treasury bills (T-bills) declined by as much as 10 basis points Monday, still on robust demand and rate hike expectations in...

BSP revises 2019 BOP projection to $3.7-B surplus

By Joann Villanueva/Philippine News Agency MANILA – Philippine monetary officials on Friday announced the revision of the 2019 balance of payment (BOP) projection from a USD3.5-billion deficit to a USD3.7-billion surplus. In a...

Guinigundo: Prospects for domestic growth ‘bright’ in 2019

By Joann Villanueva/Philippine News Agency MANILA -- A ranking official of the Bangko Sentral ng Pilipinas (BSP) said domestic growth prospects remain bright, thus, he expects the economy to post a growth...

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