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PH economy still strong despite lower growth forecast: economist

MANILA – Philippines’ investment grade credit ratings, along with strong foreign reserves, among others, are expected to assure investors of the …

Fitch Ratings changes outlook, rating of PH banks

MANILA – Fitch Ratings has revised the ratings and outlook of several Philippine banks as a result of the expected contraction …

Filipinos urged to invest in equities market amid lower prices

MANILA – Officials of Pru Life UK are optimistic for the success of their latest unit investment trust funds (UITF) products …

Flat to slightly negative movement seen for PH’s Q1 GDP

MANILA – Economists of First Metro Investment Corporation (FMIC) and the University of Asia and the Pacific (UA&P) forecast a “flat …

Dominguez discounts supplemental budget for this year

MANILA – Finance Secretary Carlos Dominguez III has dismissed as an option a supplemental budget to finance the government’s coronavirus disease …

BSP 7-day term deposit rate falls anew

MANILA – Rate of the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposit facility (TDF) fell anew this week as demand …

Peso ends sideways; stocks down

MANILA – The Philippine peso ended Wednesday sideways against the US dollar but the main equities index ended in a negative …

DOF chief eyes positive GDP results in Q1 ’20

MANILA – Department of Finance (DOF) Secretary Carlos Dominguez III remains optimistic for a positive domestic output in the first quarter …

BSP forecasts April 2020 inflation rate at 1.9% to 2.7%

MANILA – Decline of oil prices in the international market is expected to decelerate further Philippines’ inflation rate, with the April …

PH records highest-ever foreign reserves of $89B in March

MANILA – The Bangko Sentral ng Pilipinas (BSP) on Thursday reported the country’s highest foreign currency reserves amounting to USD88.995 billion …

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