Plenary debates on the P4.1 trillion national budget for 2020 begin – Angara
November 10, 2019
The Senate officially starts its plenary debates on the proposed P4.1 trillion national budget for 2020 with the sponsorship of the committee report on the measure Monday. Committee on Finance Chairman Sen. Sonny Angara said the Senate is on track
Monetary Board issues prohibition on AMA Rural Bank of Mandaluyong, Maximum Savings Bank, Inc. from doing business
November 10, 2019
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), prohibited AMA Rural Bank of Mandaluyong, Inc. and Maximum Savings Bank, Inc. from doing business on Thursday. ”The closures of AMA Rural Bank of Mandaluyong, Inc. and
PSE index ends slightly lower
November 8, 2019
The main Philippine share index ended slightly lower while the peso was flat against the US dollar on Friday. The peso closed at P50.49 from Thursday’s P50.481. Volume at the foreign exchange portal at the Bankers Association of the Philippines
PSE index, peso up on third quarter growth
November 7, 2019
The main Philippine stock index gained on Thursday following announcement that the economy grew in the third quarter after two quarters of slower growth. Gross domestic product reached 6.2 percent, surpassing six percent in the same period last year and
End-October 2019 GIR level rises to $85.7 billion
November 7, 2019
Preliminary data shows that gross international reserves (GIR) rose by $0.12 billion to $85.7 billion as of end-October from $85.58 billion as of end-September, the Bangko Sentral ng Pilipinas said Thursday. The month-on-month increase in the GIR level reflects the
Philippine economy grew 6.2% in the third quarter
November 7, 2019
Philippine third quarter growth reached 6.2 percent from six percent in the same period last year, the Philippine Statistics Authority ( PSA) said Thursday. Second quarter growth amounted to 5.5 percent. This came after gross domestic product decelerated for two
PSE index retreats from four-month high
November 6, 2019
The main Philippine share index closed lower Wednesday after surging to its highest since July. The peso ended at P50.61 against the US from P50.41 on Tuesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines
World economy seen recovering by mid-2020: BOJ Kuroda
November 6, 2019
Nagoya–Bank of Japan Governor Haruhiko Kuroda on Tuesday predicted that the global economy will recover in the first half or around the middle of next year. His remark shows the central bank expects that the global economic recovery will start
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