Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the Philippines is likely to hit its 6-7% economic growth target this year despite the possible effects of
Category: Business
BSP to focus on addressing inflation as peso stabilizes
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has said that with the peso now stabilizing against the United States dollar, they will focus their attention in addressing the elevated inflation rate,
Salceda bats for cheaper ways for Filipinos to invest
A lawmaker on has underscored the need to pass a legal framework for collective investment schemes (CIS) to make it easier and cheaper for working Filipinos to
SEC grants amnesty on non-filing, late filing of reports
The Securities and Exchange Commission (SEC) has opted to grant corporations and other regulated business entities an amnesty on the late and non-filing of certain
PSEi up on PBBM’s fruitful trip to Japan, peso ends sideways
By Kris Crismundo The stock market reacted positively following the fruitful official working visit of President Ferdinand R. Marcos Jr. to Japan this week, while
Gov’t 2022 debt down on peso appreciation, economic recovery
The continued recovery of the domestic economy, along with the strengthening of the Philippine peso against the US dollar, helped reduce the peso value of
Fall in US crude stocks triggers oil price rise
ANKARA – Oil prices rose on Wednesday due to an uptick in demand after statistics revealed that US crude stockpiles fell more than anticipated. International benchmark Brent
Gov’t 2023 growth target still feasible amid rate upticks
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said hikes in interest rates are not expected to greatly dampen the domestic economy’s 2023 growth, citing
Stocks rise on bargain hunting; peso weakens anew
The rise of the local stock barometer continued on Wednesday still due to bargain hunting but the peso weakened anew against the US dollar. The
Oil firms make big-time price cuts on diesel, kerosene
Oil companies implemented another round of big-time price rollbacks on diesel and kerosene products starting on Tuesday, but no movement in gasoline prices are expected yet this week. In separate advisories, Caltex,
