Economy

Local markets up on news of possible Trump, Jinping meeting

By Joann Villanueva/Philippine News Agency MANILA – Both the Philippine Stock Exchange index (PSEi) and the peso ended higher Wednesday following news of a possible face-to-face meeting between US President Donald Trump...

ASEAN+3 research office eyes 6.3% GDP growth this year

By Joann Villanueva/Philippine News Agency MANILA -- An economist of ASEAN+3 Macroeconomic Research Office (AMRO) said the Philippine economy is expected to post a 6.3 percent growth in 2019, despite the slide...

BSP chief: Don’t link RRR cuts to TDF bids

By Joann Villanueva/Philippine News Agency MANILA -- Increase in domestic liquidity as a result of the cut in banks’ reserve requirement ratio (RRR) should not be the gauge for tenders in the...

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...

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