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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…
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…
MANILA, Philippines — Sen. Bato dela Rosa said he feels like members of President Ferdinand Marcos Jr.’s administration are working with “leftists” and “yellows” to target former President Rodrigo Duterte and his allies. He added that it…
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…
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…
The Philippine economy grew by 6.3 percent in the second quarter, thanks to increased government spending and strong investments, which helped counter the effects of high consumer prices on household spending. This growth is an improvement from…
MANILA, Philippines — The death toll from typhoon Carina, the southwest monsoon, and tropical depression Butchoy is now at 46. The National Disaster Risk Reduction and Management Council (NDRRMC) has confirmed 14 deaths, with 32 more still…
Inflation likely exceeded the government’s 2-4 percent target range in July due to higher energy and food prices. However, this increase is not expected to affect the anticipated rate cut in August. On Wednesday, the Bangko Sentral…
Wealthy Filipinos are expected to buy new or bigger private jets due to increased business travel to Singapore and North America, according to Dassault Aviation. Carlos Brana, Dassault’s executive vice president for civil aircraft, noted that private…
As more Filipinos try Starlink, the satellite service still lags behind local broadband providers in download and upload speeds, according to a study by Ookla. Their latest Speedtest Intelligence report shows Starlink’s median download speed in the…
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