Peso unmoved, local stocks downed by lackluster GDP

MANILA — The lower-than-expected growth of the Philippine economy in the second quarter of 2018, which was at a lackluster six percent, resulted in the negative close...

BSP raises inflation projection

MANILA — The central bank’s policy-making Monetary Board (MB) on Thursday revised upwards the Bangko Sentral ng Pilipinas’ (BSP) inflation projection for 2018-19 amid rising inflation. In...

BSP hikes rates by 50bps

Silver lining for PH economy seen amid Q2 slowdown

MANILA — The Philippines’ Gross Domestic Product (GDP) growth slowed down to only 6 percent in the second quarter of 2018 but some analysts remain optimistic about...

DTI eyes more imports, lower tariff to curb inflation

MANILA — Trade Secretary Ramon Lopez said increasing the supply of goods through importation coupled with the lowering of tariffs on these imports, as the recipe to...

July inflation uptick still within BSP forecast: DOF exec

MANILA — The 5.7 percent inflation uptick in July did not catch government by surprise as it was still within the forecasted range, an official of the...

PSEi recovers, Peso little changed ahead of major data releases

MANILA — Risk-on sentiment lifted local equities but a wait-and-see stance resulted in the sideways close of the peso on Wednesday. The Philippine Stock Exchange index (PSEi)...

PH economy expands 6% in Q2

MANILA — The economy expanded by 6 percent in the second quarter of 2018, making the Philippines still one of the best-performing economies in Asia. In a...

Markets down on inflation worries

MANILA — Anticipation of a fresh hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates later this week resulted in losses in both the Philippine Stock...

July ’18 inflation uptick expected: Espenilla

MANILA — The Philippines’ inflation rate rose to multiyear high of 5.7 percent but Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said this is...