Economy

Trading week begins on positive ground

By Joann Villanueva/PNA MANILA -- Early window dressing buoyed the Philippine Stock Exchange index (PSEi) Monday and this pre-holiday cheer also benefited the peso. PSEi gained 0.79 percent, or 57.69 points, to 7,397.87...

Lower oil prices to narrow trade deficit in 2019: BPI economist

By Leslie Gatpolintan/PNA MANILA -- The trade deficit is expected to decline slightly next year, as the country continues to invest on infrastructure initiatives which bodes well for economic growth outlook, according to...

Local stocks up, peso sideways as trading week ends

By Joann Villanueva/PNA MANILA -- The continued softening of world crude prices allowed the Philippine Stock Exchange index (PSEi) to finish the week with gains while the peso ended sideways due to...

BTr awards P15-B worth of 5-yr bonds thru tap facility

By Joann Villanueva/PNA MANILA -- The Bureau of the Treasury (BTr) on Wednesday awarded an additional PHP15 billion worth of the five-year Treasury bond (T-bond) through a tap facility following strong demand during...

PSEi up, peso sideways ahead of US holiday

By Joann Villanueva/PNA MANILA -- The Philippine Stock Exchange index (PSEi) recovered Thursday ahead of the Thanksgiving holiday in the US but the peso ended sideways. PSEi ended the day at 7,268.38 points, up...

PH T-bond rate down due to strong demand

By Joann Villanueva/PNA MANILA -- The rate of the Philippines’ five-year Treasury bond (T-bond) fell by 34 basis points Wednesday, attracting a large amount of bids, which in-turn prompted the auction committee to...

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