Economy

PH gov’t posts budget surplus in January

By Joann Villanueva/PNA MANILA -- National Treasurer Rosalia De Leon attributed the government's budget surplus in January 2019 to a slowdown in spending due to the fact that it is operating on...

Local stocks rise; peso flat

By Joann Villanueva/PNA MANILA -- The Chinese government's announcement of fiscal stimuli reverberated across regional markets, boosting sentiments locally and resulted in the rise of the Philippines’ main equities gauge Monday but...

PH external debt ratios still at prudent levels

BSP PR/PNA MANILA -- Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, announced in a statement over the weekend that the Philippines’ outstanding external debt stood at USD79.0 billion as of end-2018,...

Stocks recover, peso ends week sideways

By Joann Villanueva/PNA MANILA -- Philippines’ main equities gauge ended the week on a positive note but the peso finished the trade sideways as investors remain jittery as they await the eventual outcome...

GDP growth targets cut due to budget impasse

By Joann Villanueva/PNA MANILA -- Economic managers on Wednesday cut economic growth targets for 2019-20 due to the projected impact of the re-enacted budget this year. In a briefing after the meeting of...

Local markets up in midweek trading

By Joann Villanueva/PNA MANILA -- Profit-taking lifted the peso against the US dollar Wednesday and the Philippine Stock Exchange index (PSEi) was buoyed by expectations of cuts in banks’ reserve requirement ratio...

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