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Local markets on wait-and-see mode pending BSP, Fed rate decisions

MANILA — Investors stayed in the sidelines during Wednesday’s equities trading ahead of much-awaited policy rate announcements by both the US …

TDF rates rise again ahead of MB policy meet

MANILA – The rates of all tenors of central bank’s Term Deposit Facility (TDF) rose again this week attributed to the …

Corporate income tax cuts won’t lead to job losses

MANILA — Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result …

Overseas trade concerns weaken local markets

MANILA — Continued trade war concerns weighed heavily on the Philippines’ equities and the peso on Tuesday, with the latter ending …

BSP eyes formal governance framework for FX market

MANILA – – The Bangko Sentral ng Pilipinas (BSP) is studying a formal governance framework that will provide stakeholders with a …

BSP end-July net income up nearly fourfold

MANILA — Gains from foreign exchange rate fluctuations and higher interest income boosted the Bangko Sentral ng Pilipinas’ (BSP) net income …

TRABAHO bill not seen to hit gov’t revenues hard

MANILA — Philippine government revenues are not expected to take a serious blow from the proposed cut in corporate income tax …

Local markets shed on external worries

MANILA — Risk-off sentiments continue to dampen trading in the Philippines’ equities and foreign exchange markets Thursday. The Philippine Stock Exchange …

Peso stays firm, PSEi slides on trade war, storm aftermath worries

MANILA — The Philippine peso showed resilience, closing little changed against the greenback on Wednesday while the Philippine Stock Exchange index …

Inflation pressures from weaker Peso seen to ease during holidays

MANILA – Monetary officials say that inflation pressures generated by the weaker peso are likely to ease towards the Christmas holidays …

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