BSP chief Espenilla dies at 60 after battle with cancer
February 24, 2019
Bangko Sentral ng Pilipinas (BSP) Governor and Chairman of the Monetary Board Nestor A. Espenilla, Jr. passed away at the age of 60 after battling with tongue cancer for almost a year. In a statement on Sunday, BSP confirmed the
Late buying lifts PSE index
February 22, 2019
The Philippine Stock Exchange (PSE) index ended Friday higher, boosted by buying in the final hour of trading. The peso closed at P52.065 against the US dollar from Thursday’s P52.13. Volume at the foreign exchange portal of the Bankers Association
Infrastructure outlays-to-GDP ratio twice the deficit-to-GDP ratio
February 22, 2019
Infrastructure spending as percent of gross domestic product (GDP) is now twice the fiscal deficit-to-GDP ratio, said Budget Secretary Benjamin Diokno in a press statement Friday. The deficit, defined as the difference of national government revenues and expenditures, has averaged
Inflation for bottom 30% households down to 5.9% in January
February 22, 2019
Inflation for the bottom 30 percent households in the country fell to 5.9 percent in January from 7.2 percent in December, the Philippine Statistics Authority (PSA) said Friday. ”The continued deceleration in the annual increment of the heavily-weighted food, beverages,
Philippines, Japan discuss progress of ‘Build’ projects, Mindanao peace process
February 22, 2019
OSAKA–Philippine and Japanese officials have discussed ways to further expand their cooperation and address “implementation bottlenecks” in the Duterte administration’s “Build, Build, Build” infrastructure projects and in supporting peace-building initiatives in Mindanao following the recent ratification of the organic law
Stocks, peso end lower
February 21, 2019
Philippine stocks ended lower on Thursday, as the main index remained below 8,000 points. The Philippine Stock Exchange index finished at 7,931.30, down 7.94 points. In the broader market, there were 106 gainers, 70 decliners while 56 shares were unchanged.
Philippines backs Malpass as World Bank chief
February 21, 2019
OSAKA—The Philippines has expressed its support for the nomination of the United States’ treasury undersecretary David Malpass as the new president of the World Bank, citing his leadership as a good opportunity for the multilateral institution to work closely with the Asian
Stocks, peso surge
February 20, 2019
Philippine stocks gained strongly on Wednesday as the key index rose by more than one percent. The peso rose 15 centavos to P52.06 against the US dollar. Volume at the foreign exchange portal of the Bankers Association of the Philippines
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