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File photo The Philippine peso bounced back to the 55-level against the weaker US dollar on Friday, marking its strongest close in nearly six months. This comes as new data supported the early easing by the Bangko…
The Philippine Stock Exchange Index (PSEi) closed nearly unchanged on Wednesday at 6,882.12, down 0.01% (0.80 points), following a sharp drop in US markets as investors worried about a potential global economic slowdown. The broader All Shares…
Government debt reached a new high of P15.69 trillion at the end of July, mainly due to new government securities and project loans. The increase was slightly offset by a stronger peso, according to the Bureau of…
On August 14, 2024, a luxurious yacht party was held to honor JC’s Top 50 performers for the month of July, set in the vibrant backdrop of Subic Bay, Zambales. Dressed in white, these dedicated individuals basked…
The Philippines’ largest business group urged the government on Wednesday to streamline trade policies, especially with the trade deficit now at $4.30 billion and a renewed focus on supporting MSMEs. Philippine Chamber of Commerce and Industry (PCCI)…
Motorists will face higher fuel prices starting Tuesday. After several rollbacks, oil companies announced on Monday that they will raise prices by about P1 per liter this week. READ: Fuel price hike seen next week In separate…
Foreign investment pledges approved by investment promotion agencies (IPAs) jumped by 220.07 percent in the second quarter compared to the same period last year, showing a strong rise in investor confidence, according to the Philippine Statistics Authority…
CEBU CITY, Philippines — The Cebu City government has set aside P5 million this year for low-income residents or low-income households who want to start a small business. READ MORE: Cebu City Council OKs P400M financial…
CEBU CITY, Philippines – Inflation rate in Cebu Province soared up to 4.0 percent in July from 3.5 percent in June 2024, according to the latest report by the Philippine Statistics Authority (PSA) Cebu. On Thursday, August…
Japan’s Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating to ‘A-’ with a stable outlook, citing strong economic growth and a better fiscal position. This is the country’s second ‘A-‘ credit rating, following…
Rising inflation in July has led Maybank Securities Inc. to push back its 12-month forecast of 8,200 for the Philippine Stock Exchange Index (PSEi) by a few months. Traders are now focusing on the Bangko Sentral ng…
CEBU CITY, Philippines – Mactan-Cebu International Airport’s (MCIA) Terminal 2 has achieved a major milestone with a 4-star rating from Skytrax. From a 3-star rating, the London-based consultancy firm upgraded T2 to a 4-star rating, pointing out…
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