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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NET foreign direct investments (FDI) fell for a third straight month in October, data from the Bangko Sentral ng Pilipinas showed on Wednesday.
MANILA, Philippines — The government managed to borrow P60 billion in short term securities this June, hitting its target for the sixth straight month.
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.
THE stock market could face continued pressure this week as investors look for more clues as to the direction of interest rates, analysts said.
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.
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.
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.
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.
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.