Economy

BTr awards in full P20-B 20-year T-bond

By Joann Villanueva/PNA MANILA -- Demand for the Bureau of the Treasury’s freshly-issued 20-year Treasury Bond (T-bond) was high Tuesday after the PHP20 billion offering received PHP50.921-billion worth of tenders. The auction committee...

Peso down on weak global growth outlook, PSEi sideways

By Joann Villanueva/PNA MANILA -- The peso depreciated anew, even touching the 53-level in mid-trade, while the Philippine Stock Exchange index (PSEi) barely managed to stay afloat Tuesday amid a host of...

Peso weaker, local shares move up Thursday

By Kris Crismundo/PNA MANILA -- Local markets went their own direction as the Philippine peso weakened while the Philippine Stock Exchange index (PSEi) gained strength on Thursday’s trading. Tracking the movements in regional...

Dinagyang fest brings economic benefits to Ilonggos

By Perla Lena/PNA ILOILO CITY -- Iloilo’s Dinagyang Festival serves as the main driver of any activity in this city, benefitting not just tourism but also ancillary services. Maria Victoria Lara, executive director...

Bacolod City rakes in P1.4-B in taxes, other revenues in 2018

By Nanette Guadalquiver/PNA BACOLOD CITY -- The City of Bacolod raked in PHP1.444 billion in real property taxes and other non-tax revenues in 2018, with a collection efficiency of 143 percent, records...

Economy to grow 6.8%-7.2% in 2019: FMIC, UA&P

By Leslie Gatpolintan/PNA MANILA -- The Philippine economic growth trajectory is expected to pick up this year, growing between 6.8 percent and 7.2 percent on an upturn in consumption spending amid improving...

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