Economy

TDFs undersubscribed as rates rise across-the-board

By Joann Villanueva/Philippine News Agency MANILA -- The rates of Bangko Sentral ng Pilipinas' (BSP) term deposit facilities rose across-the-board Thursday, although all tenors ended up undersubscribed. Data released by the central bank...

Inflation seen to settle back to target levels

By Joann Villanueva/Philippine News Agency MANILA – The Philippines’ inflation rate is expected to return to its deceleration mode in the coming months after an uptick to 3.2 percent last May from...

Rise in PH’s May inflation temporary

By Joann Villanueva/Philippine News Agency MANILA – Philippine monetary officials called the marginal rise in the country's inflation rate as "temporary" and does not indicate a turn-around from its downward trajectory in...

Peso strengthens to 51-level vs. USD, PSEi up

By Joann Villanueva/Philippine News Agency MANILA -- Positive investors sentiment boosted both the Philippine peso, which firmed up to the 51-level against the greenback, and the Philippine Stock Exchange index (PSEi) Monday. The...

BSP: Bank lending continues to grow in April

PR/Philippine News Agency MANILA -- Preliminary data show that outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with central bank, grew at a slightly slower rate of...

PSEi rises on window dressing, peso ends stronger

By Leslie Gatpolintan/Philippine News Agency MANILA -- Local share prices rose for the third straight day on Thursday aided by month-end window dressing activities, while the peso strengthened against the US dollar. The...

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