economy | ABS-CBN News

PH shares fall after hot PH inflation report

ABS-CBN News
Posted at Feb 07 10:41 PM

Philippine shares fall for a second straight day as investors are spooked by the country's inflation report for January. Read more »

PH inflation rate surges to new 14-year high

ABS-CBN News
Posted at Feb 07 10:22 PM

Philippine inflation accelerated to a new 14-year high in January. Read more »

Marcos says measures vs inflation yet to take effect

ABS-CBN News
Posted at Feb 07 04:25 PM

President Ferdinand Marcos Jr said Tuesday the measures implemented by the government have yet to make an impact on the inflation rate, which again quickened in January. Read more »

Tennis: Eala targets French Open, other Slams in 2023

Camille B. Naredo, ABS-CBN News
Posted at Feb 07 04:09 PM

After making her pro-level Grand Slam debut in the Australian Open last month, Filipina tennis star Alex Eala is now targeting an appearance at Roland Garros. Read more »

PH to get P150-B investment pledges in Marcos' Japan visit

Davinci Maru, ABS-CBN News
Posted at Feb 07 09:23 AM

President Ferdinand Marcos Jr.'s official visit to Japan this week is expected to yield P150 billion in investment pledges, Manila's top envoy to Tokyo said Tuesday. Read more »

PSEi falls below 7,000 ahead of PH inflation data release

ABS-CBN News
Posted at Feb 06 10:47 PM

The Philippine Stock Exchange Index fell below 7,000 again ahead of the release of January's inflation data. Read more »

House OKs Freelance Workers Protection Act

RG Cruz, ABS-CBN News
Updated as of Feb 06 08:38 PM

Voting 250-0, the Congress approved Monday on third and final reading the House Bill 6718 or the proposed "Freelance Workers Protection Act." Read more »

Indonesian economic growth rises to nine-year high

Agence France-Presse
Posted at Feb 06 03:38 PM

Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs. Read more »

PSEi rises above 7,000 as PH peso strengthens vs USD

ABS-CBN News
Posted at Feb 04 01:27 AM

Philippine markets saw a strong close on Friday with the PSEi rising back above the 7,000 level and the Philippine peso strengthening against the US dollar. Read more »

Return to office, foreign investments a boon to property sector: Colliers

ABS-CBN News
Posted at Feb 03 10:50 AM

The property sector is seen to benefit from the continued reopening of the economy, return to office mandates and the increasing foreign investments and expansions, Colliers International Research Director Joey Bondoc said on Friday. Read more »

Amazon quarterly sales rise to $149B, beating expectations

Agence France-Presse
Posted at Feb 03 08:29 AM

Online shopping giant Amazon posted better than expected sales numbers for the last quarter of 2022, saying it beat the headwinds of a gloomy economy by reining in costs. Read more »

PH shares buck Asia-wide rally, fall below 7,000

ABS-CBN News
Posted at Feb 02 09:54 PM

A smaller rate hike from the US' central bank spurred a market rally in Asia. Read more »

ADB, gov't award grants to help upskill workers

Jekki Pascual, ABS-CBN News
Posted at Feb 02 04:46 PM

The Asian Development Bank, together with government agencies, awarded 5 networks of enterprises grants for training to upskill their employees. Read more »

Gautam Adani: Indian tycoon weathering stock market panic

Nivrita Ganguly, Agence France-Presse
Posted at Feb 02 01:56 PM

Gautam Adani was until this week Asia's richest man, but now he has been rocked by corporate fraud allegations and a stock crash. Read more »

PH sovereign debt at P13.42 trillion as of end-December 2022

ABS-CBN News
Updated as of Feb 02 01:32 PM

The national government ended 2022 with a total outstanding debt of P13.42 trillion, the Bureau of Treasury said on Thursday. Read more »

PSEi gains over 200 points, climbs back above 7,000

ABS-CBN News
Posted at Feb 01 11:10 PM

Philippine shares stage a rally on Wednesday as investors made bets ahead of the all-important policy decision of the US Federal Reserve. Read more »

US Fed set to slow rate hikes but signal inflation fight not over

Beiyi Seow, Agence France-Presse
Posted at Feb 01 05:47 PM

The Federal Reserve starts the second day of its policy meeting Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling. Read more »

Maharlika puts BSP, economy at risk, econ groups warn

ABS-CBN News
Posted at Feb 01 05:03 PM

As the Senate deliberates on the Maharlika Investment Fund, several groups warned that it poses several risks to the Bangko Sentral ng Pilipinas. Read more »

Philippine economy seen to grow 6.2 percent in 2023: Citi economist

Jessica Fenol, ABS-CBN News
Posted at Feb 01 03:04 PM

The Philippine economy is expected to post a robust growth in 2023 but slower than the above-target expansion last year, an economist said on Wednesday. Read more »

Philippine shares join regional slump ahead of Fed meeting

ABS-CBN News
Posted at Jan 31 10:53 PM

The Philippine Stock Exchange Index racked up more losses on Tuesday. Read more »