Economy

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...

2019 inflation seen at 3.6% despite oil tax hike

By Leslie Gatpolintan/PNA MANILA -- The country’s inflation rate is expected to decline further below 6 percent this month and even lower to 3.6 percent next year, even if the second tranche...

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