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Peso stays firm, local shares down on selling pressures

MANILA — The Philippine peso showed its resiliency Friday after ending little changed against the greenback but the Philippine Stock Exchange …

Economist says BSP rate hikes favor Peso

MANILA — An economist of ING Bank Manila believes the additional hike in Bangko Sentral ng Pilipinas’ (BSP) key rates effective …

Fitch Solutions sees one more rate hike, cuts GDP growth forecast

MANILA — Citing sustained rise of inflation and credit growth, Fitch Solutions forecasts an additional 25 basis points increase in the …

PH economy to get back on track after Q2 ‘breather’: DOF

MANILA — The Department of Finance (DOF) is still optimistic that the Philippine economy’s momentum will get back on track after …

Landbank eyes lower offer price for PDSHC share holders

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 …

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 …

BSP hikes rates by 50bps

MANILA — The Monetary Board (MB) on Thursday raised key interest rates by another 50 basis points, in a decision which …

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 …

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. …