PSE index lower, peso gains vs US dollar
February 12, 2020
The main Philippine share index ended lower while the peso gained against the US dollar on Wednesday. The peso settled at P50.57 against the greenback from P50.695 on Tuesday. V9lume at the foreign exchange portal of the Bankers Association of
PSE index ends slightly higher
February 11, 2020
The main Philippine share index ended flat on Tuesday. The peso closed at P50.695 against the US dollar from P50.78 on Monday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $662.5 million from the
PSE index loses ground
February 10, 2020
The main Philippine share index ended lower Monday. The peso settled at P 50.78 against the US dollar from P50.755 on Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $581.4 million from $771.92
IMF provides positive assessment of the Philippines; supports BSP Legislative Agenda
February 10, 2020
The International Monetary Fund (IMF) provides a positive assessment of the Philippines following the 2019 Article IV Consultation Staff Report. The assessment is based under Article IV of the IMF’s Articles of Agreement where IMF holds bilateral discussions with members, collects economic and
FDI post $623 million net inflows in November 2019
February 10, 2020
Foreign direct investments (FDI) posted $623 million net inflows in November 2019, representing a 14.6 percent increase from $543 million net inflows in the comparable period in 2018, the Bangko Sentral ng Pilipinas ( BSP) said Monday. This was due
2018 Philippine flow of funds show growth in saving and real investments : BSP
February 8, 2020
In 2018, the Philippines generated a gross saving of P4,232.3 billion, 9.5 percent higher than the previous year, despite trade tensions among the world’s major economies, surging crude oil prices, rising consumer prices in the country, and a weakening peso.
PSE index flat, Manila Water most active share
February 7, 2020
Philippine shares ended mostly flat on Friday as the Philippine Stock Exchange (PSE) index gaining 0.69 points to 7,507.20. The peso closed at P50.755 against the US dollar from P 50.78. Volume at the foreign exchange portal of the Bankers
End-January 2020 GIR level settles at $86.42 billion
February 7, 2020
Gross international reserves, based on preliminary data, settled at $86.42 billion as of end-January 2020 from the end-December 2019 GIR level of $87.84 billion, the Bangko Sentral ng Pilipinas (BSP) said Friday. At this level, the GIR can cover 7.6
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