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MANILA – The average rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day Bills moved sideways as demand remains despite the higher offer volume this week.... Read full article
MANILA – Placing the National Capital Region Plus back on Alert Level 3 due rising coronavirus disease 2019 (Covid-19) cases is seen to result in a weekly gross value added (GVA) loss of around PHP3 billion, economic managers said.... Read full article
MANILA – With the easing of travel restrictions and lowering of alert level in Metro Manila and other parts of the country, balancing health and economy will be possible... Read full article
MANILA – The main equities index finished the week’s first trading day higher on hopes for continued deceleration of US inflation rate but the peso weakened against the US dollar.... Read full article
MANILA – Banks have continued to place funds in the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF), which registered a lower interest rate this week as domestic liquidity remained high. ... Read full article
MANILA – Finance Secretary Carlos Dominguez III lauded President Rodrigo Roa Duterte and Congress for the enactment into law of a measure backed by the Department of Finance (DOF) that seeks to further liberalize the Philippine economy ... Read full article
MANILA – The government’s decision to bring in the Sinovac vaccine from China as the first Covid-19 jab to be administered to priority sectors has “saved” the country when vaccine hesitancy was at its highest and supply was scarce.... Read full article
MANILA – The Department of Finance (DOF) is now finetuning a proposed arrangement with the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Power Corp. (NPC) on the funding rollout and implementation of the estimated PH... Read full article
MANILA – The peso is expected to trade within a wide range this and next year given the pandemic-related developments, as policy responses impact on investors’ confidence on the economy in general, Fitch Solutions said. ... Read full article
ANKARA – Goldman Sachs has lowered its forecast of the United States (US) economic growth for this year to 5.7 percent from 6.2 percent.... Read full article
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