Economy

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...

Economic cluster discusses catch-up plan for 2019

PR/via Naomi Tiburcio - PTV News MANILA — Following discussions in the last two weeks, the Economic Development Cluster (EDC) has agreed on a strategy to catch up on economic growth given the...

Economic managers announce growth catch up plan

Philippine News Agency MANILA – Economic managers have agreed to further strengthen coordination with other agencies, especially on acquiring permits and other requirements, to fast-track implementation of infrastructure and socioeconomic programs to...

BSP cuts TBs, RBs, Coop Banks’ RRR

By Joann Villanueva/Philippine News Agency MANILA – Philippine monetary officials on Thursday cut mid-sized and small banks’ reserve requirement ratio (RRR), a week after cutting universal and commercial banks’ (U/KB) RRR. “This morning,...

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