Economy

Local stocks go sideways, peso dips

By Joann Villanueva/PNA MANILA -- Philippine equities managed a miniscule growth during the week’s first trading day amid volatilities but the peso weakened against the US dollar on reports that China’s industrial...

GDP to fall below 6% on reenacted budget

By Joann Villanueva/PNA MANILA -- The Philippines' growth rate may fall below 6 percent this year if delays in the approval of the proposed PHP3.757-trillion national budget will be prolonged. The Bicameral Conference...

PH on track toward upper middle income status: NEDA

By Leslie Gatpolintan/PNA MANILA -- The Philippines is on track to becoming an upper middle economy by end-2019 on the back of reforms imperative in boosting growth amid global uncertainties, the National...

DENR chief vows serious cleanup on Manila Bay coastline

By Saul Pa-a/PNA CALAMBA CITY, Laguna – Department of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu vowed on Friday to implement an extensive cleanup of the Manila Bay coastline, which...

Fitch Solutions keeps 6.1% GDP forecast for 2019

By Joann Villanueva/PNA MANILA -- Fitch Solutions is maintaining its 6.1 percent growth forecast for the Philippines in 2019, after noting the almost steady expansion last year. In a report, the Fitch Group...

Peso rises; local stocks fall as trading week ends

By Joann Villanueva/PNA MANILA -- With no major economic reports here or overseas either to inspire or sow gloom, local markets went their separate ways on Friday with the Philippine peso appreciating...

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