Economy

Local shares recover, peso weakens on external concerns

By Joann Villanueva/PNA MANILA -- The Philippine Stock Exchange index (PSEi) managed to improve Thursday amid investors’ concern over Brexit uncertainties and other global trade issues, but the peso did not fare as...

Local markets down again Wednesday

By Joann Villanueva/PNA MANILA -- The United States-China trade discussions resumed Wednesday and was a major contributing factor to risk-off sentiments, which resulted in the slide of both the Philippine peso and the...

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,...

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