Peso jumps to P55 level as weak US data fuel Fed cut bets
THE PESO on Wednesday closed at the P55-per-dollar level for the first time since September as weak US economic data bolstered US Federal Reserve...
PSEi climbs to 6,300 level on easing trade jitters
PHILIPPINE SHARES surged to the 6,300 level on Wednesday on easing trade tensions and after Fitch Ratings affirmed the country’s investment-grade rating.
The bellwether Philippine...
Fitch Ratings affirms PHL ‘BBB’ rating
FITCH RATINGS affirmed the Philippines’ investment grade rating and kept its “stable” outlook amid the country’s strong growth prospects and minimal exposure to trade tensions.
DoF withdraws proposal to hike capital gains tax
FINANCE Secretary Ralph G. Recto has withdrawn the Department of Finance’s (DoF) proposal to increase capital gains tax, donor’s tax and estate tax, citing higher revenue collections in the first quarter.
Modest growth in farm output seen in 1st quarter
THE PHILIPPINES’ agricultural output may have posted modest annual growth in the first quarter, as the crops sector benefited from favorable weather conditions, analysts...
Philippines’ IT-BPM sector to cross $40B in revenues this year
THE Philippine information technology and business process management (IT-BPM) sector is projected to generate over $40 billion in revenues this year amid sustained global demand, according to an industry group.
Contingency fund to finance P20-rice subsidy
THE Department of Agriculture (DA) said on Tuesday that the P20-per-kilo subsidized rice program will tap the contingency fund of President Ferdinand R. Marcos,...
PEZA approves nearly P4.6B in investment applications in April
THE Philippine Economic Zone Authority (PEZA) approved investment pledges worth P4.575 billion in April, down 69.5% year on year.
In a statement on Tuesday, PEZA...
Coconut, garments expected to benefit if Philippines negotiates favorable US tariffs
THE Department of Trade and Industry (DTI) said it sees the coconut and garment industries as among the main beneficiaries if the Philippines locks...
Coconut processing facility launched in Misamis Oriental
THE Philippine Coconut Authority (PCA) said it launched a P350-million integrated coconut processing facility in Balingasag, Misamis Oriental under a public-private partnership (PPP).
The PPP...
Peso at 7-month high as tariffs weigh on dollar
THE PESO strengthened to a seven-month high on Tuesday as the greenback continued to struggle due to tariff uncertainties.
The local unit closed at P56.145...
PSE index inches higher amid tariff uncertainty
PHILIPPINE STOCKS edged higher on Tuesday as the market remained cautious amid the ongoing trade policy developments and ahead of the release of key...