PSE index seen to close at 6,500 level by end of 2023
THE BENCHMARK Philippine Stock Exchange index (PSEi) could close the year at 6,500, if economic activity improves, a market expert said.
“If the market could...
BSP likely to pause at next meeting
THE PHILIPPINE central bank is more likely to keep its key policy rate unchanged than hike by 25 basis points (bps) at its Nov. 16 meeting, its governor said.
Debt service bill swells in August
THE NATIONAL GOVERNMENT’S (NG) debt service bill nearly tripled in August due to a spike in amortization payments, according to the Bureau of the Treasury (BTr).
Philippines still needs to address deficiencies in ‘dirty money’ controls
THE BANGKO Sentral ng Pilipinas (BSP) will continue to address deficiencies in its efforts against money laundering and terrorism financing as the Philippines remained...
Industry group sees fighting chance to hit exports target
PHILIPPINE EXPORTS are showing signs of a recovery, despite elevated inflation and rising pump prices, an official of the Philippine Exporters Confederation, Inc. (Philexport)...
‘Hot money’ swings to outflow in September
More short-term foreign investments exited the Philippines in September, after three straight months of net inflows, as uncertainties in the economy dampened investor sentiment.
Data...
BSP lifts key rate by 25 bps to 6.5%
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday delivered an off-cycle 25-basis-point (bp) rate hike, as it warned inflation will remain above the 2-4% target range until the middle of 2024.
Residential property prices rise 14% in Q2
RESIDENTIAL PROPERTY prices in the second quarter rose at the fastest pace in three years amid high interest rates and rising inflation.
Data released by...
PHL economy seen to grow by 5.8% this year
FIRST METRO Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) expect the Philippine economy to grow by 5.8% this year,...
PHL seeks $69-M loan to modernize civil service
THE PHILIPPINES is seeking a $69-million loan from the World Bank to modernize the civil service, including the development of a centralized human resource...
September budget gap widens
THE NATIONAL Government’s (NG) budget gap ballooned in September as revenues declined and expenditures rose, the Bureau of the Treasury (BTr) said.
‘Monetary policy cure’ not needed to address inflation — Balisacan
FURTHER RATE HIKES may not be necessary to address rising consumer prices, as inflation remains driven by supply-side factors, according to National Economic and...