PSE index slid further, peso steady at P51.7:$1
March 1, 2019
The Philippine Stock Exchange (PSE) index slid further while the Philippine remained at P51.70 against the US dollar on Friday. The PSE index finished at 7,641.77 points, down 63.72 points. In the broader market, there were 114 decliners, 64 gainers
Stock index down by more than 2%, peso at P51.7:$1
February 28, 2019
Philippine stocks fell on Thursday, with the main share index declining more than two percent. But the peso gained 21 centavos to P51.70 against the US dollar. Volume reached $1.450 billion from $1.147 billion on Wednesday at the foreign exchange
Gov’t keeps inflation target at 3% for 2019-2020: DBCC
February 28, 2019
The Development Budget Coordination Committee (DBCC) in coordination with the Bangko Sentral ng Pilipinas, kept the current inflation target at 3 percent ± 1 percentage point for 2019 – 2022. This was announced by the BSP on Thursday. The announcement
NFA rice price of P27 a kilo to stay until end-year: NEDA
February 28, 2019
The National Food Authority (NFA) rice price of P27 per kilo will remain until the end of the year, the National Economic Development Authority (NEDA) said on Thursday. Until December 2019, NFA will continue to have a 15 to 30
Bank lending growth eases in January
February 28, 2019
Preliminary data from the Bangko Sentral ng Pilipinas show outstanding loans of universal and commercial banks, net of reverse repurchase placements (RRP) with the BSP, grew at a slower rate of 15.3 percent in January from the 15.7 percent (revised) in December.
Stocks decline, peso ends at P51.91:$1
February 27, 2019
Philippine stocks declined on Wednesday, with the key index losing more than one percent. But the peso closed at P51.91 against the US dollar from P52.025 on Tuesday. Volume at the foreign exchange portal of the Bankers Association of the
Cebu Pacific top local airline as air travel market rose in 2018
February 26, 2019
The Civil Aeronautics Board (CAB) on Tuesday said air travel market rose by double digits in 2018 compared to 2017. CAB data showed domestic passenger traffic reached 27.28 million last year, up by 10 percent from 24.81 million in 2017.
Philippines, Japan are ‘demographic partners’–Dominguez
February 24, 2019
Finance Secretary Carlos Dominguez III has expressed confidence that as the Philippines’ economic emergence gains traction, its bilateral relations with Japan will “grow more comprehensively” over the years especially as both countries complement each other and can even become “demographic
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