Economy

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...

Economic slowdown due to 2019 budget delay

by Filane Mikee Cervantes/Philippine News Agency MANILA -- Senator Panfilo Lacson on Thursday admitted that Congress could be at fault for the economic slowdown in the first quarter of this year due to...

PH credit rating upgrade result of ‘game-changing’ reforms

By Azer Parrocha/Philippine News Agency MANILA -- The Philippines’ credit rating upgrade to “BBB+” is a result of President Rodrigo Duterte’s decision to invest his political capital wisely in “difficult but game-changing...

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