Economy

Stocks, peso weaken ahead of March inflation report

By Joann Villanueva/PNA MANILA -- Wait-and-see stance ahead of the release of Philippines' March 2019 inflation rate on Friday resulted in the decline of the main equities gauge and weakening of the...

TDF rates down Wednesday

By Joann Villanueva/PNA MANILA -- The rates of Bangko Sentral ng Pilipinas’ (BSP) term facilities declined Wednesday in the face of greater submissions from banks. Data released by the BSP showed that rate of...

Local markets higher on Wednesday amid growth forecast cuts

By Joann Villanueva/PNA MANILA -- Both the Philippine Stock Exchange index (PSEi) and the local currency managed to end Wednesday’s trading higher despite the release of uninspiring outlooks on the domestic as well...

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...

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