MANILA – The Philippines’ main equities index finished the year’s first trading day up ahead of the release of several major economic reports in the US, and the peso ended sideways against the US dollar.... Read full article
MANILA – The Bureau of the Treasury (BTr) again rejected bids for the three- and 12-month Treasury bills (T-bills) due to high rate demand from investors.... Read full article
ANKARA – Oil prices rose on Monday over ongoing fears that the Organization of the Petroleum Exporting Countries (OPEC) will squeeze output to stabilize the market while data shows demand rising in Asia, Europe, and the United States.... Read full article
MANILA – The main equities index finished the week’s first trading day higher on hopes for continued deceleration of US inflation rate but the peso weakened against the US dollar.... Read full article
MANILA – Moody’s Analytics forecasts the sustained expansion of the Philippine economy in the second quarter of 2022 at 8.8 percent.... Read full article
MANILA – The Cooperative Development Authority (CDA) has launched the Co-op Biz, an online marketplace for CDA-registered cooperatives, aiming to bring local cooperatives’ products to the global market.... Read full article
MANILA – The Department of Finance (DOF) is now finetuning a proposed arrangement with the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Power Corp. (NPC) on the funding rollout and implementation of the estimated PH... Read full article
MANILA – The Philippines’ current account (CA) is projected to post a higher deficit in the coming years but a ranking central bank official said there are structural inflows that would offset this... Read full article
MANILA – Supporting the government’s Public Utility Vehicle Modernization Program (PUVMP), Hyundai Asia Resources Inc. (HARI) and 30 local transport cooperative groups have signed a memorandum of understanding (MOU) for the rollout of more modern PUV... Read full article
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