economy

Ethiopians struggle with bitter pill of currency reform

ADDIS ABABA — In a small fashion store in Ethiopia’s capital, Medanit Woldegebriel’s dresses have…

Central banks face ‘difficult balancing act’ — IMF chief

WASHINGTON — Central banks face a “difficult balancing act” as they start lowering interest rates…

Larger BOP surplus seen

The Philippines is poised to see a larger dollar surplus this year than previously predicted,…

RRR cut to free up over ₱300B in loanable funds

The decision of the Bangko Sentral ng Pilipinas (BSP) to lower the cash requirements of…

BIZ BUZZ: Boost in Peza’s approvals seen

At least another P55.7 billion worth of investments are expected to be approved by the…

Fed euphoria keeps PSEi’s rise

Investors continued to cheer the US Federal Reserve’s move to ease its monetary policy, with…

BSP cuts banks’ reserve requirement by 250 bps

The Bangko Sentral ng Pilipinas (BSP) has announced a supersized reduction to the cash requirements…

PH dollar surplus rises to 3-mo high

Earnings of the Bangko Sentral ng Pilipinas (BSP) from its investments abroad pushed up the…

DOF touts to Singapore firms perks under CREATE MORE bill

The finance department has assured Singaporean investors that the enactment of the Corporate Recovery and…

PSEi highest in more than 2 years after surprise Fed move

The US Federal Reserve’s (Fed) much-awaited, higher-than-expected rate cut on Thursday jolted the local bourse,…