Peso surges to 6-month high at 55.9 as dollar weakens

Ian Nicolas P. Cigaral - @inquirerdotnet 09/07/2024

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…

PH stocks flat as economic slowdown fears weigh on markets

Meg Adonis 09/05/2024

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…

PH gov’t debt hits record P15.69 trillion in July

Mariedel Irish U. Catilogo 09/04/2024

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…

JC’s top 50 performers for July celebrate at luxurious yacht party

Antonio Iñares 08/23/2024

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…

PCCI urges gov’t: Streamline trade policies

Alden M. Monzon 08/23/2024

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)…

Fuel prices to go up P1 per liter effective Tuesday 

Lisbet K. Esmael 08/19/2024

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 soar to P189.5B in Q2

Mariedel Irish U. Catilogo 08/16/2024

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…

P5M for Cebu City residents wanting to start a small business

Jasmin Meode - CTU Intern 08/16/2024

  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 Province inflation rate up in July

Jasmin Meode 08/15/2024

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…

PH gains 2nd ‘A’ credit rating from Japan’s credit watcher, citing strong economic growth

Mariedel Irish U. Catilogo 08/15/2024

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…

PSEi poised to rebound to 8,200 in 2025

Meg J. Adonis 08/12/2024

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…

Mactan-Cebu Airport’s Terminal 2 earns Skytrax 4-star rating

Carl Lorenciana, Morexette Marie B. Erram 08/11/2024

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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