Net FDI continues decline in October
NET foreign direct investments (FDI) fell for a third straight month in October, data from the Bangko Sentral ng Pilipinas showed on Wednesday.
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Government raises P60 billion from sale of T-bills
MANILA, Philippines — The government managed to borrow P60 billion in short term securities this June, hitting its target for the sixth straight month.
Peso hits P58.80:$1; PSEi down nearly 3%
THE peso and the stock market ended the week on a sour note with both hitting multi-month lows amid a continued lack of positive catalysts.
PSEi to remain pressured – analysts
THE stock market could face continued pressure this week as investors look for more clues as to the direction of interest rates, analysts said.
OFW remittances up 3.1% in April
OVERSEAS Filipino worker (OFW) remittances hit $2.86 billion in April, Bangko Sentral ng Pilipinas (BSP) data showed on Monday, 3.1 percent higher compared to the year-earlier $2.77 billion.
Peso hits 19-mo low; PSEi up 0.59%
THE peso hit a 19-month low on Monday while the stock market managed a positive start to the week as investors hunted for bargains.
Peso snaps win streak; stock market edges lower
THE peso and stock market both closed the week on a negative note, with the currency snapping a three-day winning streak and the bourse threatening a return to the 6,500 level.
Stocks, peso fall at week's close
THE stock market ended lower week on week following a mixed performance since Monday, with the benchmark index nearing the support level of 6,400 after declining for the second day in a row, with the peso likewise losing against the greenback on Friday.
Middle East tensions hit peso, stocks
THE peso fell for a fourth straight trading day on Monday, and the stock market also dropped to its lowest in nearly three months as sentiment was hit by tensions in the Middle East.