Inflation surges to four-year high of 4.5% in April
May 4, 2018
The Philippines’ inflation rate rose to a four-year high of 4.5 percent in April from 4.3 percent in March, the Philippine Statistics Authority (PSA) said Friday. On a year-ago basis, April inflation was at 3.2 percent. Using 2012 as the
Stocks slump, peso gains to P51.67:$1
May 3, 2018
Stocks slumped on Thursday, with the main share index losing 2.6 percent. The Philippine Stock Exchange index closed at 7,535.10. In the broader market, there were 138 decliners, 50 gainers and 52 issues unchanged. Volume reached 1.14 billion shares worth
Stock index down for first time in four sessions
May 2, 2018
The stock index fell for the first time in four trading sessions on Wednesday, the first transaction for the month of May. The Philippine Stock Exchange index lost 83.18 points to 7,736.07. In the broader market, there were 117 gainers,
Stock index up for third straight session
April 30, 2018
Stocks gained for the third straight session on Monday as the main share index rose 1.3 percent. Meanwhile, the peso surged to a high of P51.67 against the US dollar in early trading from P51.965 on Friday. It closed at
BSP sees April inflation “within 3.9-4.7% range”
April 30, 2018
The Bangko Sentral ng Pilipinas (BSP) forecast April inflation to “settle within the 3.9-4.7 percent range”, which means that the consumer price index could increase for the fourth straight month when the data is announced next week. The BSP’s Department
DBM releases P448m to help 17, 735 formal sector workers affected by temporary closure of Boracay
April 27, 2018
Budget Secretary Benjamin Diokno announced Friday that the Department of Budget and Management (DBM) has released P448 milllion to the Department of Labor and Employment (DOLE) to cover the financial assistance for the affected 17,735 registered formal sector workers in
Stocks gain for second day, peso ends week at P51.965:$1
April 27, 2018
Stocks gained for the second straight day Friday as trading winded up for the week. The Philippine Stock Exchange index closed 103.60 points to 7,721.02. In the broader market, there were 124 gainers, 69 decliners and 52 shares unchanged. Volume
S&P raises Philippine outlook from “stable” to “positive”
April 27, 2018
Standard & Poor’s on Thursday night raised its outlook on the Philippines’ credit rating from “stable” to “positive,” lauding improvements in the way the government makes and executes policies. According to S&P, the kind of policymaking the Philippine government shows could
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