Category: Economy

Local shares recover, Peso stays still

By Joann Villanueva (PNA) MANILA — The Philippine Stock Exchange index (PSEi) on Wednesday ended its three-day slide, lifted by encouraging earnings in the local bourse, while the peso was almost unchanged against the greenback. PSEi...

Farm output down 0.83% in Q3

MANILA — The country’s agricultural output declined slightly by 0.83 percent in the third quarter of 2018 mainly due to decreases in the output of the crops and fisheries subsectors. The Philippine Statistics Authority (PSA)...

DOF eyes 6.5% GDP growth in Q3

MANILA — The Department of Finance (DOF) is projecting “at least 6.5 percent” growth for the Philippine economy in the third quarter this year, higher than the upwardly revised 6.2 percent in the previous quarter....

TRAIN’s 2018 revenue target cut

MANILA — Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and fuel marking. During...

NEDA-6 presents regional dev’t plan

NEDA ROADSHOW. National Economic and Development Authority Region 6 presents the 2017-2022 Western Visayas Regional Development Plan during a roadshow held Friday (July 6, 2018). at the Bacolod City Government Center (Photo by Nanette...

Peso loses ground, PSEi tumbles to 7,200-level

MANILA — Both the Philippine peso and the local bourse ended in the red on Thursday after news broke out of a higher-than-expected June inflation. The local unit ended the trading at 53.42 to the...

June inflation accelerates to 5.2%

MANILA — Actual inflation rate in June exceeded the government’s outlook as it stood at 5.2 percent, a record-high in more than five years. Data released by the Philippine Statistics Authority (PSA) Thursday showed that...