Stocks surge again after relief bill passed; indexes up 6%
NEW YORK — Stocks marched higher for a third straight day Friday as a massive coronavirus relief bill moved closer to passing Congress and Wall Street took some historically bad…
PH economic slowdown seen to persist through Q1 2021
The COVID-19 pandemic is likely to gnaw sharply on the Philippine economy until the first quarter of 2021 alongside a steeper global economic downturn and the tightening of global financing…
DA: PH has enough rice stocks amid Vietnam’s import halt
The country’s agriculture chief has assured the consuming public of adequate rice supply following Vietnam’s decision to suspend its rice exports. The decision was made by the Vietnamese government to…
Guidelines on manning capital markets out
The Securities and Exchange Commission (SEC) has issued guidelines on the accreditation of people who will run the country’s capital market infrastructure during the lockdown of Luzon. It also issued…
PSEi surges 7.44%; investors cheer news of $2-T US spending program
Corporate Philippines regained P548.35 billion from the local stock market on Thursday as bargain hunters took heart from an upcoming $2-trillion COVID-19 US spending program, thus driving the sharpest rally…
GDP growth projected to slide to 2.6% in 2020
The Washington-based global financial industry association Institute of International Finance (IIF) expects the Philippines’ economic growth to slide to 2.6 percent in 2020 while expansion across emerging market (EM) Asia…
Dominguez: Priority in COVID-19 aid are workers, not businesses
As the COVID-19 pandemic threatens the economy and jobs, companies cannot expect immediate help from the government as priority in aid are workers displaced by draconic quarantine measures. Finance Secretary…
35-day T-bills, absent in market for 15 years, returning in April as investors cling to cash
The government will borrow from domestic sources a total of P190 billion next month, including P30 billion in 35-day Treasury bills which are making a comeback after an absence of…
Singapore economy shrinks 2.2% in Q1, full-year growth forecast slashed to -4% to -1%
The air transport, accommodation, food services and retail trade sectors shrank on the back of a sharp decline in tourist arrivals. ST PHOTO: GAVIN FOO SINGAPORE – Singapore’s economy looks…
‘One government, one nation’: BSP advances P20B in dividends for COVID-19 fight
To further support the government in its fight against the coronavirus pandemic, the Bangko Sentral ng Pilipinas said on Thursday (March 26) that it will remit in advance some P20…