Philippine GDP at 5.6%, slowest in 16 quarters: Pernia
May 9, 2019
The Philippine economy grew at its slowest pace in 16 quarters due to failure to pass the 2019 budget, Socioeconomic Planning Secretary Ernesto Pernia said Thursday. Gross domestic product grew by 5.6 percent in the first quarter of 2019, the
PSE index gains but peso declines vs US dollar
May 8, 2019
The main stock index gained but the peso declined against the US dollar on Wednesday. The peso finished at P52.11 from Tuesday’s P51.865. Volume at the foreign exchange of the Bankers Association of the Philippines reached $1.011 billion from $966.28
DOF chief says US-China trade war a ”serious problem”
May 8, 2019
Finance Secretary Carlos Dominguez III said on Wednesday the renewed threat by US President Donald Trump to impose tariffs on Chinese goods would create “serious problem” if it happens. In a press briefing in Malacanang, Dominguez said Philippine exports
Philippines preparing roadmap for “A” credit rating upgrade before 2022 – central bank
May 8, 2019
The Duterte administration would formalize a roadmap for the Philippines to get an “A” credit rating before 2022, a central bank official said on Wednesday. In a briefing in Malacanang, economic officials underscored the importance of the Philippines’ receiving a
BOJ member stresses need to continue easing policy: minutes
May 8, 2019
Tokyo–A Bank of Japan policymaker emphasized at a monetary policy meeting in March the need to continue the central bank’s powerful monetary easing policy, minutes of the meeting showed Wednesday. The member of the BOJ’s Policy Board noted that it
Stocks, peso higher on inflation news
May 7, 2019
The Philippine Stock Exchange index rose higher on Tuesday after the government reported that inflation for April was the lowest in more than a year. The peso settled at P51.865 against the US dollar from Monday’s P51.925. Volume at the
GIR level up for sixth straight month to hit $83.96 billion as of April
May 7, 2019
Preliminary data shows gross international reserves (GIR) rose to $83.96 billion as of end-April from $83.61 billion as of end-March, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Tuesday. The month-on-month increase in the GIR level was due mainly
Inflation slows down to lowest since January 2018
May 7, 2019
Inflation slowed down to 3 percent in April 2019, the lowest since January 2018, the Philippine Statistics Authority ( PSA) said Tuesday. Inflation in March was recorded at 3.3 percent and in April 2018, 4.5 percent, PSA added. ”The slowdown
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