Economy

Local markets bounce back Tuesday

By Joann Villanueva/PNA MANILA -- Both the Philippine Stock Exchange index (PSEi) and the peso recovered on Tuesday after starting the week with losses. PSEi recovered 0.56 percent, 44.01 points, to 7,907.03 points, which...

Local markets sink on US growth jitters

By Joann Villanueva/PNA MANILA -- Risk-off sentiments were high in the Philippines’ foreign exchange and equities markets Monday due to lingering concerns about the US economy. The peso ended the day at 52.52 from...

Japan signs new P41.8-M grassroots projects in PH

by Joyce Ann L. Rocamora/PNA MANILA-- The Japanese embassy in Manila on Friday has signed five new grassroots projects worth PHP41.78 million, which are focused on improving education, health, and agriculture across the...

BSP keeps policy rates steady, cuts 2019 inflation forecast

By Joann Villanueva/PNA MANILA -- Expectations of more moderate inflation, as well as firm domestic growth, caused the Bangko Sentral ng Pilipinas' (BSP) policy-making Monetary Board (MB) to keep key rates steady Thursday. Thus,...

6.4% GDP growth in 2019 still possible

By Joann Villanueva/PNA MANILA -- A 6 percent level growth can still be achieved by the Philippine economy this year despite the anticipated impact of the budget impasse in Congress, an official of...

Local markets slip ahead of BSP, Fed meetings

By Joann Villanueva/PNA MANILA -- A wait-and-see stance took over local markets on Tuesday as investors hold their breaths while waiting for the outcome of rate-setting meetings of the Bangko Sentral ng Pilipinas...

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