Economy

Lower inflation attributed to PRRD’s ’empathy to public clamor’

By Jelly Musico/PNA MANILA -- Malacañang on Wednesday welcomed the deceleration of inflation in November, attributing it to President Rodrigo Duterte’s decisive action when prices of basic commodities swelled the previous months. “The...

PSEi tracks Wall Street, peso down ahead of inflation report

By Joann Villanueva/PNA MANILA -- The Philippine Stock Exchange index (PSEi) rose anew Tuesday but the peso weakened against the US dollar ahead of the November 2018 inflation report's release. The main stocks...

Coop insurance firm sees record-high growth in 2018

By Kris Crismundo/PNA MANILA -- 1Cooperative Insurance System of the Philippines (1CISP), touted as the country’s largest cooperative insurance firm, projects to end this year with a record-high growth in assets, its...

10-year T-bond rate falls

By Joann Villanueva/PNA MANILA -- The rate of the Philippines’ re-issued 10-year Treasury bond (T-bond) fell to 6.975 percent Tuesday from 8.035 percent during the auction last November 6. The Bureau of the...

DOF economist eyes November inflation at 6.3%

By Joann Villanueva/PNA MANILA -- A Department of Finance (DOF) official forecasts November 2018 inflation to decelerate to 6.3 percent from hitting its multi-year high of 6.7 percent last September and October. Finance...

BSP eyes 5.8-6.6% November inflation

By Joann Villanueva/PNA MANILA -- The abrupt decline in world oil prices and the normalization in supplies of rice and other agricultural goods caused Philippine monetary officials to forecast a November 2018 inflation...

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