Economy

Local stocks rise as peso pulls back

By Joann Villanueva/PNA MANILA -- Philippine Stock Exchange index (PSEi) again posted gains despite renewed trade war concerns but the peso weakened against the greenback in Tuesday's trading. The main stock index rose...

Claims of economic overheating brushed aside

By Joann Villanueva/PNA CLARK, Pampanga -- A ranking official of the Bangko Sentral ng Pilipinas (BSP) said claims of economic overheating is founded on flimsy ground specially since inflation, which has shown...

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...

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