The Daily Manila Shimbun

 

Dominguez sees higher GDP growth following 2019 budget OK

May 9, 2019

Finance Secretary Carlos Dominguez III expects the domestic economy to expand at a higher clip for the rest of the year as inflation heads towards the official target range of 2-4 percent and the government speeds up implementation of infrastructure

READ MORE

Philippine GDP at 5.6%, slowest in 16 quarters: Pernia

May 9, 2019

The Philippine economy grew at its slowest pace in 16 quarters due to failure to pass the 2019 budget, Socioeconomic Planning Secretary Ernesto Pernia said Thursday. Gross domestic product grew by 5.6 percent in the first quarter of 2019, the

READ MORE

PSE index gains but peso declines vs US dollar

May 8, 2019

The main stock index gained but the peso declined against the US dollar on Wednesday. The peso finished at P52.11 from Tuesday’s P51.865. Volume at the foreign exchange of the Bankers Association of the Philippines reached $1.011 billion from $966.28

READ MORE

DOF chief says US-China trade war a ”serious problem”

May 8, 2019

Finance Secretary Carlos Dominguez III said on Wednesday the renewed threat by US President Donald Trump to impose tariffs on Chinese goods would create “serious problem” if it happens.   In a press briefing in Malacanang, Dominguez said Philippine exports

READ MORE

Philippines preparing roadmap for “A” credit rating upgrade before 2022 – central bank

May 8, 2019

The Duterte administration would formalize a roadmap for the Philippines to get an “A” credit rating before 2022, a central bank official said on Wednesday. In a briefing in Malacanang, economic officials underscored the importance of the Philippines’ receiving a

READ MORE

BOJ member stresses need to continue easing policy: minutes

May 8, 2019

Tokyo–A Bank of Japan policymaker emphasized at a monetary policy meeting in March the need to continue the central bank’s powerful monetary easing policy, minutes of the meeting showed Wednesday. The member of the BOJ’s Policy Board noted that it

READ MORE

Stocks, peso higher on inflation news

May 7, 2019

The Philippine Stock Exchange index rose higher on Tuesday after the government reported that inflation for April was the lowest in more than a year. The peso settled at P51.865 against the US dollar from Monday’s P51.925. Volume at the

READ MORE

GIR level up for sixth straight month to hit $83.96 billion as of April

May 7, 2019

Preliminary data shows gross international reserves (GIR) rose to $83.96 billion as of end-April from $83.61 billion as of end-March, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Tuesday. The month-on-month increase in the GIR level was due mainly

READ MORE