End-October GIR level rises to $103.81 billion
November 14, 2020
Gross international reserves (GIR) level, based on preliminary data, rose by $3.37 billion to $103.81 billion as of end-October from the end-September level of $100.44 billion, the Bangko Sentral ng Pilipinas said Friday. At $103.81 billion, the GIR represents a more than
FDI net inflows up for four straight months in August
November 11, 2020
Foreign direct investment (FDI) net inflows continued its growth momentum in August , recording a 46.9 percent expansion year-on-year to $637 million from $434 million in August 2019, the Bangko Sentral ng Pilipinas (BSP) said Tuesday. FDI net inflows increased
PSEi climbs above 7,000-point level
November 10, 2020
The Philippine Stock Exchange index (PSEi) climbed above the key 7,000-point level on Tuesday, hoisted by foreign markets and slower rate of decline in Philippine growth numbers. The PSEi closed at 7,035.48 points, up 349.63 points. In the broader market,
UPDATE Philippine economy falls by 11.5% in Q3
November 10, 2020
The Philippine economy contracted by 11.5 percent in the third quarter due to the strict restrictions that the government once again enforced in Metro Manila and a few other areas in the country, officials said on Tuesday. But the economic
”Worst is over for the country,” say economic managers
November 10, 2020
Philippine economic managers said it is” optimistic that worst is over for the country” after third quarter growth showed a slower rate of decline on Tuesday. The Philippine Statistics Authority (PSA) said the economy contracted minus 11.5 percent from the
PSEi up 235.84 points after third quarter growth data
November 10, 2020
The Philippine Stock Exchange index (PSEi) soared in mid-trading Tuesday after third quarter growth showed slower rate of contraction. The index was up 235.84 points to 6,927.69. Advancers outnumbered decliners 127-66, with 36 unchanged. The peso reached a high of
Economy posts slower rate of decline in third quarter
November 10, 2020
The Philippine economy declined by 11.5 percent in the third quarter, the Philippine Statistics Authority (PSA) said Tuesday. In the second quarter, gross domestic product went down by a revised 16.9 percent. Although the rate of decline slowed down, this
PSEi ends flat, peso at P48.145:$1
November 9, 2020
The Philippine Stock Exchange index (PSEi) ended flat on Monday as it rose by 0.16 points to finish at 6,685.85. In the broader market, there were 131 gainers, 83 losers and 43 unchanged. Volume reached 1.71 billion shares worth P8.02
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