economy

PSEi surrenders 7,000 on Trump win

The local bourse surrendered its hard-fought 7,000 level on Friday as investors continued to price…

Foreign debt payments trimmed GIR in October

Foreign currency withdrawals made by the government to pay some of its offshore debts trimmed…

Dec rate cut likely amid slow Q3 GDP growth

The slower-than-expected economic growth in the third quarter would help justify another potential rate cut…

PH GDP growth slowed sharply to 5.2% in Q3

Philippine economic growth slowed sharply to 5.2 percent in the third quarter, from the revised…

US writes off over $1B of Somalia debt

NAIROBI — The United States and Somalia reached an agreement on Tuesday for Washington to…

Spain unveils $11-B aid plan after catastrophic floods

VALENCIA — Spain announced Tuesday an aid package worth 10.6 billion euros ($11.5 billion) to…

Dollar soars, bitcoin hits record, stocks gain as Trump win seen

HONG KONG — The dollar surged and bitcoin hit a record high Wednesday while most…

Imminent Trump 2.0 paints PSEi red

Investors turned anxious on Wednesday as Republican Donald Trump appeared to be winning a second…

Q2 growth revised to 6.4% from 6.3%

The Philippine economy grew slightly faster than initially reported in the second quarter, the Philippine…

BSP cool to drastic rate cuts

The Bangko Sentral ng Pilipinas (BSP) said it would continue its “measured” rate cutting cycle…