Economy

7-yr T-bond rate down, PH offers Panda bond

By Joann Villanueva/Philippine News Agency MANILA -- The average rate of seven-year Treasury bonds (T-bonds) issued by the Bureau of the Treasury (BTr) declined Wednesday, much like government securities auctioned Tuesday. The debt paper's...

Personal remittances rise to P8.1-B in Q1

PR/Philippine News Agency MANILA -- Personal remittances from Overseas Filipinos (OFs) increased by 6.4 percent year-on-year to USD2.8 billion in March 2019 from USD2.6 billion in March 2018. This brought the total remittances for...

Local markets weaker as trading resumes

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine peso started the four-day trading week weaker against the US dollar, in step with the main equities gauge, which also ended the session with...

DOF: Over 7% GDP possible in Q1 if budget approved on time

By Joann Villanueva/Philippine News Agency MANILA -- The Philippine economy would have expanded by 7.2 percent instead of 5.6 percent in the first quarter of 2019 if the approval of the proposed 2019...

DOF: Drop in gov’t expenditure growth held back PH in Q1

PR/Philippine News Agency MANILA -- In the first quarter of 2019, the Philippine economy grew by 5.6 percent, lower than the 6.5 percent registered in the same quarter of last year and 6.3...

Peso recovers but PSEi succumbs to US-China trade jitters

By Joann Villanueva/Philippine News Agency MANILA – Concerns over the seemingly fruitless US-China trade talks continue to worry investors and resulted in the negative close of the Philippine Stock Exchange index (PSEi), but...

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