Economy

Local stocks win; peso losses as trading begins

By Joann Villanueva/PNA MANILA -- An assurance from the Bangko Sentral ng Pilipinas (BSP) that the banking system remains strong despite Hanjin’s default soothed the fears in the local equities market but...

PH T-bill rates decline, demand still up

By Joann Villanueva/PNA MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Monday only partially awarded the benchmark 91-day Treasury bill (T-bill) but fully awarded the longer tenor papers after...

Local markets recover in midweek session

By Joann Villanueva/PNA MANILA – Risk-on sentiment returned to the Philippines' financial and capital markets Wednesday, allowing both local stocks and the peso to walk away with gains. The Philippine Stock Exchange index...

PH 10-year T-bond rate declines, demand exceeds offering

By Joann Villanueva/PNA MANILA -- Investors swamped Tuesday’s auction of the Philippines’ 10-year Treasury bond (T-bond) but the paper’s interest rate slipped on expectations that domestic inflation rate will continue to decelerate. Average...

Laban Konsyumer sees inflation above 4% in 2019

By Kris Crismundo/PNA MANILA -- Consumer group Laban Konsyumer, Inc. (LKI) expects this year’s inflation rate to surpass the government’s 2 percent to 4 percent inflation target. In a statement Tuesday, LKI president...

Risk-on sentiment energize local markets Monday

By Joann Villanueva/PNA MANILA -- Investors' expectations that the US-China trade talks this week will go a long way towards ending the trade war helped boost the Philippine Stock Exchange index (PSEi)...

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