Economy

PH growth second fastest in Southeast Asia: ADB

By Leslie Gatpolintan/PNA MANILA -- The Philippines is expected to become the second fastest growing economy in Southeast Asia after Vietnam over the next years, supported by robust public and private investment, the...

BTr fully awards 7-year T-bond, opens tap facility

By Joann Villanueva/PNA MANILA -- The rate of the Philippines’ re-issued seven-year Treasury bond grew further to seven percent Tuesday amid investors' risk-on sentiment. During the auction last November 27, the same tenor...

GDP to take a hit from reenacted budget

By Joann Villanueva/PNA MANILA -- An estimated 1.1 to 2.3 percentage points is expected to be shaved off the Philippines’ gross domestic product (GDP) next year if government is forced to operate...

Local markets retreat on risk-on sentiment

By Joann Villanueva/PNA MANILA -- Geo-political uncertainties continue to worry investors resulting in the drop of the Philippine Stock Exchange index (PSEi) and the weakness of the peso during the week's first...

PH T-bill rates rise anew on hopes of steady BSP rates

By Joann Villanueva/PNA MANILA -- The strong demand for Philippine government-issued Treasury bills (T-bills) continues to push its rates up on a weekly basis, with this week not being an exemption. Rate of...

Trading week ends with peso sideways, local shares lower

By Joann Villanueva/PNA MANILA -- The Philippine peso managed to end the week sideways while the local bourse shed amid fears that the truce in the US-China trade war will be cut...

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