Economy

Peso stays firm but local stocks sunk by profit-taking

By Joann Villanueva/PNA MANILA -- Foreign investment inflows continue to back the Philippine peso amid the risk-off sentiment triggered by the meeting between US and Chinese officials in Beijing this week, which...

Peso touches 51-level vs. USD; local shares slip

PNA MANILA -- Investors decided to stay at the sidelines Monday, resulting in the sideways closing of the Philippine peso and the decline of the Philippines' main stocks index. The local currency finished the...

PH economy at its best shape since mid-‘70s: Pernia

By Liza Agoot/PNA BAGUIO CITY -- Socioeconomic Planning Secretary Ernesto Pernia said Thursday the Philippine economy has been growing by at least 6 percent for more than three consecutive years already, which...

Economist eyes BSP rate cut by May ’19

By Joann Villanueva/PNA MANILA -- An economist of ING Bank Manila has forecast that Philippine Monetary officials will keep the Bangko Sentral ng Pilipinas (BSP) key rates steady this week. However, ING Bank...

Slower PH inflation to help boost PSEi

By Joann Villanueva/PNA MANILA -- Report of further deceleration of the Philippine inflation rate last January is expected to help boost the local equities market. On Tuesday, the Philippine Statistics Authority (PSA) reported...

ANZ Research eyes steady BSP policy rates this week

By Joann Villanueva/PNA MANILA -- Economists of ANZ Research discount an adjustment in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates on Thursday, after the government reported further deceleration of inflation rate...

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