Philippine News

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Sep 24, 2020

Stocks close flat again

The local stock market was flat again Wednesday as investors lack reason to aggressively buy or sell stocks amid so much uncertainty....

Sep 10, 2020

World Bank: Agriculture transformation essential to Philippine economic recovery

MANILA, Philippines — The transformation of the local agriculture industry, anchored on the shift away from specific crops and toward a...

Sep 3, 2020

Strong peso shows confidence in PH -DoF

The sustained appreciation of the local currency against the US dollar is a vote of confidence in the Philippine economy amid the global...

Aug 27, 2020

Banks prepare for increasing bad loans

With non-paying borrowers affected by the public health crisis, banks are braced for an increase in non-performing loans (NPL) but Bangko...

Aug 20, 2020

BSP’s BOB chatbot is now live

After pilot-testing in July and August, the Bangko Sentral ng Pilipinas (BSP) said its consumer chatbot or “BOB” for “BSP Online Buddy”...

Aug 13, 2020

Business activities picking up — DOF

MANILA, Philippines — Some industries have experienced a pickup in business activities following the slight easing of movement...

Aug 6, 2020

Trade gap narrows to $1.3 billion in June

MANILA, Philippines — With imports falling at a faster rate than exports, the deficit in the country’s trade balance narrowed in June,...

Jul 30, 2020

Philippines suffers 20% slump in Q2, says think tank

MANILA, Philippines — Economic output likely contracted by as much as 20 percent in the second quarter, making the Philippines one of the...

Jul 24, 2020

Selling pressure sends PSEi to near two-month low

MANILA, Philippines — Stocks succumbed to selling pressure anew as a slew of negative factors kept investors on a wait-and-see stance,...

Jul 16, 2020

BOI investment pledges grow 112% in 1st semester

Investment pledges registered with the Board of Investments grew 112 percent in the first half of 2020 compared to the same period last...

Jul 9, 2020

Warren Buffett donates $2.9B to Gates Foundation, family charities

Warren Buffett has donated roughly $2.9 billion of Berkshire Hathaway Inc stock to four family charities and the Bill & Melinda Gates...

Jul 2, 2020

Stocks rise as Wall St marks record gains

MANILA, Philippines — Local stocks rose yesterday along with other Asian shares after Wall Street capped its best quarter since 1998,...

Jun 25, 2020

COVID-19 crisis exacerbates globalization worries: IMF economist

WASHINGTON, United States — Globalization has been under fire around the world, but the coronavirus pandemic has added fuel to those...

Jun 18, 2020

SEC red flags bitcoin firm

MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned against Bitcoin Revolution, which presents itself as a...

Jun 11, 2020

UnionBank among ‘most helpful banks in Asia-Pacific’ during COVID-19

Union Bank of the Philippines (UnionBank) has been ranked the second most helpful bank in Asia-Pacific during the coronavirus crisis –...

Jun 3, 2020

Where to Invest Now: Advice from Top Strategists

U.S. markets have been rallying over the past two weeks as the economic news around the world may be bottoming. Renewed fears about...

May 28, 2020

PayMaya tapped for transport cashless payment

The Department of Transportation (DOTr), and the Land Transportation Franchising and Regulatory Board (LTFRB) yesterday welcomed...

May 20, 2020

Federal Reserve begins policy meeting as economic damage mounts

The US Federal Reserve opened its two-day policy meeting amid tentative signs the coronavirus lockdowns can be lifted, but rising...

May 12, 2020

Philippine stocks plunge nearly 25% after virus trading halt

Philippine shares plunged by nearly 25 percent on Thursday only moments after the Manila stock exchange resumed trade following a two-day...

May 5, 2020

DOF releases IRR for loan payments within quarantine period

The Department of Finance (DOF) released the implementing rules and regulations (IRR) governing the mandatory grace period for all loan...

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