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PH shares cling to 7,700 as last 2019 MSCI rebalancing takes effect

ABS-CBN News
Updated as of Nov 27 02:33 AM

Philippine shares struggled to make headway amid another listless trading session.   Read more »

BSP eases bank reserve rules to inject more cash into economy

ABS-CBN News
Updated as of Nov 26 09:54 AM

After the Philippine central bank adopted a new definition of deposit substitutes, local banks are now eager to see how that new policy will inject more money into the country's economy. Read more »

PH shares slip ahead of final MSCI rebalancing for 2019

ABS-CBN News
Posted at Nov 25 11:32 PM

Here at home, Philippine shares fell back to the 7700-level ahead of the last MSCI rebalancing for the year. Read more »

PH, South Korea sign deal to boost tourism

Pia Gutierrez, ABS-CBN News
Posted at Nov 25 08:20 PM

The Philippines and South Korea signed a deal on Monday to strengthen tourism between the 2 countries. Read more »

PH posts narrower budget deficit in Oct as revenue growth outpaces spending

ABS-CBN News
Posted at Nov 25 07:11 PM

The budget deficit hit P49.3 billion in October, down 17.7 percent compared to the same month in 2018, the Bureau of Treasury (BTr) said on Monday. Read more »

Survey: Japanese firms continue to experience favorable business in PH

ABS-CBN News
Posted at Nov 22 11:55 PM

Local conglomerates paint a rosy picture of the Philippine economy despite a gloomy outlook from the Organization for Economic Cooperation and Development. Read more »

PH shares stage last-minute jump despite net foreign selling

ABS-CBN News
Posted at Nov 22 11:51 PM

Philippine shares pared losses at the close to finish the day slightly higher amid global trade worries. Read more »

Foreign investors confident PH can weather negative impact of US-China trade war

ABS-CBN News
Posted at Nov 21 11:09 PM

The Bangko Sentral ng Pilipinas is ready to address disruptions in the global economy amid the dimming prospects for a trade deal between the US and China. Read more »

PH shares join regional gloom as US-China row over HK clouds trade deal outlook

ABS-CBN News
Posted at Nov 21 10:48 PM

Philippine shares get dragged into the global downsizing as the standoff between the US and China extend beyond trade. Read more »

China cuts new benchmark rate to boost economy

Agence France-Presse
Posted at Nov 20 04:27 PM

China on Wednesday cut interest rates in a bid to shore up the world's number two economy as cooling domestic demand and a bruising trade spat with the United States hit growth. Read more »

PH posts $163-million balance of payments surplus in October

ABS-CBN News
Posted at Nov 19 06:30 PM

This was a reversal of $458 million BOP deficit booked in the same month last year, the BSP said.  Read more »

Fed chief reasserts independence in talks with Trump

Agence France-Presse
Posted at Nov 19 01:03 PM

Trump, who has lambasted Powell in harsh, personal terms over monetary policy, tweeted that the meeting was "good & cordial," adding that "everything was discussed" including interest rates, inflation, foreign exchange and the Fed's balance sheet policies. Read more »

Scam-proof your digital wallet with these pro tips

Jessica Fenol, ABS-CBN News
Updated as of Nov 19 08:13 AM

Digital natives are among the first to embrace the cashless future and they shared with ABS-CBN News some tips to ease the pain out of digital payments while keeping their virtual wallets safe. Read more »

IMF raises growth outlook for PH in 2020 to 6.3 percent

ABS-CBN News
Posted at Nov 18 10:49 PM

The International Monetary Fund forecasts quickening economic growth for the Philippines, but only if it stays the course on structural reforms, such as rice tariffication, and if the 2020 national budget gets passed on time. Read more »

PH shares end flat as earnings season wraps up

ABS-CBN News
Posted at Nov 15 11:34 PM

Philippine shares ended the week on a somber note finishing flat as the earnings season comes to a halt. Read more »

Hong Kong Q3 GDP shrinks 3.2 percent, confirms depth of recession

ABS-CBN News
Posted at Nov 15 05:51 PM

The economy shrank by a seasonally adjusted 3.2 percent in July-September from the previous quarter, in line with a preliminary reading, revised government data showed. Gross domestic product (GDP) contracted for the second consecutive quarter, meeting the technical definition of a recession. Read more »

Hong Kong to unveil depth of recession as protests, trade war rage

Reuters
Posted at Nov 15 08:31 AM

Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll. Read more »

BSP keeps interest rates steady, as economy recovers

ABS-CBN News
Posted at Nov 14 11:16 PM

The Bangko Sentral ng Pilipinas hits pause on monetary easing with the country's economy bouncing back. Read more »

Bangko Sentral pauses interest rate cuts

ABS-CBN News
Posted at Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

LIST: 100 projects under revised 'Build, Build, Build'

Warren de Guzman, ABS-CBN News
Updated as of Nov 15 05:22 PM

(UPDATE) This includes the first phase of Metro Manila's first ever subway the New Manila International Airport, the renovation of the Ninoy Aquino and Davao International Airports and Sangley Airport in Cavite. Read more »