Economy to grow 6.4% this year : S&P Global Ratings report
August 22, 2017
The Philippine economy will likely grow over six percent this year until 2020, boosted by strong domestic demand, said a S&P Global Ratings report. S&P Global projected the economy, as measured by gross domestic product (GDP), to grow by 6.4
Philippines can tap nearly $4-B aid from ADB
August 20, 2017
The Philippines can tap about $3.8 billion in loans and another $21.8 million in the form of non-lending programs from the Asian Development Bank (ADB) to help fund its accelerated spending programs on infrastructure and social services in the next
Overall BOP position posts $678 million deficit in July
August 18, 2017
The country’s balance of payments (BOP) position in July posted a deficit of $678 million, higher by $109 million than the previous month’s shortfall of $569 million, the Bangko Sentral ng Pilipinas (BSP) said Friday. This month’s deficit brought the
Peso closes at P51.49 vs US dollar, stocks down
August 18, 2017
The peso weakened to P51.49 against the US dollar on Friday from P51.355 the previous day as volume soared at the Philippine Dealing System. The Philippine currency hit an 11-year low of P51.63 intraday but slowly rallied in the afternoon
Dominguez welcomes MCC move, but says gov’t to first study grant offer
August 18, 2017
Finance Secretary Carlos Dominguez IIII welcomed Friday the decision of the US government’s Millennium Challenge Corp. (MCC) to uphold the eligibility of the Philippines to secure a fresh grant. He said the decision of the MCC is yet another confirmation of the Duterte administration’s strong commitment
Foreign portfolio investments yield net inflows in July: BSP
August 17, 2017
Foreign portfolio investments registered in July amounted to $1.4 billion, reflecting a decline of 28.9 percent and 36.8 percent from the $2 billion and $2.3 billion in June 2017 and July 2016, respectively. Outflows for July of $1.2 billion were
Stock index ends at year’s high, peso at P51.355:$1
August 17, 2017
The Philippine Stock Exchange index closed at its highest level for the year, finishing at 8,072.75, up by 26.16 points on Thursday after the economy grew at 6.5 percent. The index’s all-time high is 8,1 27.48 logged during April 10,
High, inclusive growth plan starts picking up steam: Dominguez
August 17, 2017
Finance Secretary Carlos Dominguez III said gross domestic product growth of 6.5 percent in the second quarter is “solid proof” that the government’s “unparalleled” investment strategy anchored on the ‘Build, Build, Build” program has started to “pick up steam,” and is
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