Peso drops vs dollar as market expects faster September inflation
THE PESO depreciated against the dollar on Monday due to expectation of faster September inflation.
The local currency closed at P56.775 versus the dollar on...
Franchisers see revenue growth of 10%-13% in 2024
THE Philippine Franchising Association (PFA) said the industry is expected to grow 10% to 13% next year, driven by the food, services and retail segments.
Investor confidence ‘solid’ despite FDI decline — DTI
THE Department of Trade and Industry (DTI) said investor confidence remains “solid” despite a decline in foreign direct investment (FDI) inflows, noting that locators...
Rice imports drop in Sept. as harvest starts
THE PHILIPPINES imported 2.49 million metric tons (MT) of rice in the year to date as of Sept. 21, down 18.1% from a year...
Water resources board retains Metro Manila’s October allocation at 50 cubic meters per second
THE Metropolitan Waterworks and Sewerage System (MWSS) said that the National Water Resources Board (NWRB) retained the MWSS water allocation at 50 cubic meters...
Slight inflation uptick seen in Sept.
INFLATION likely quickened in September due to pump price hikes, higher electricity rates, and the peso depreciation against the dollar, analysts said.
Retail dollar bond sale may exceed $1 billion
THE GOVERNMENT’S retail dollar bond (RDB) sale will likely exceed $1 billion amid strong demand, the Bureau of the Treasury (BTr) said.
ADB earmarks $4B for PHL lending program for 2024
THE ASIAN Development Bank (ADB) is allocating as much as $4 billion worth of loan financing for the Philippines annually starting next year through...
DBCC set to review macroeconomic assumptions
THE DEVELOPMENT Budget Coordination Committee (DBCC) is expected to review its macroeconomic and fiscal program assumptions at its next meeting, taking into consideration government...
Maharlika could be active in market by Q1, Diokno says
THE Maharlika Investment Corp. (MIC) will likely start becoming active in the market by the first quarter, once it works out an investment strategy...
Peso may rise before Sept. inflation data
THE PESO could strengthen against the dollar this week ahead of the release of September inflation data and as the Bangko Sentral ng Pilipinas...
PSE index may hit 6,400 level on bargain hunting
THE MAIN INDEX is expected to climb and hit the 6,400 level this week on bargain hunting ahead of the release of September inflation...