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Seven-month FDI weaker at only $4.7B
Foreign direct investments (FDI), the kind that stays for the long haul, proved weaker in the January-to-July period this year to $4.7 billion from $5.5 billion last year, the Bangko Sentral ng Pilipinas said on Tuesday.
Inflation peeling away from target increases policy rate adjustments – Moody’s unit
Headline inflation getting away from the central bank's 2 percent to 4 percent target range this year heightens the likelihood of a change in the monetary policy structure in the Philippines, the analytics unit of the sovereign credit watcher Moody's Investors Service said on Monday.
GCash users unable to use the popular app; issues assurance funds are safe
GCash, the mobile wallet of Globe Telecom Inc. trends on X, formerly Twitter, after its users complained of inability make transactions, whether sending or receiving, since the early morning hours of Monday.
BTr raises $1.26 billion via U.S. dollar-denominated retail bonds sale
The Bureau of Treasury has raised $1.26 billion from the sale of onshore U.S. dollar-denominated retail bonds, the Department of Finance said, slightly above its target.
BSP has ‘done enough’ policy tightening – Diokno
Philippine Finance Secretary Benjamin Diokno believes the central bank has "done enough" policy tightening to tame inflation, but reiterated future interest rate moves would...
