General

PSEi down on profit taking, peso moves sideways

MANILA: The local stock barometer declined on Monday due to profit taking, while the peso moved sideways.

The Philippine Stock Exchange index (PSEi) shed 13.14 points to 6,398.77 while the broader All Shares also declined by 7.19 points to 3,479.47.
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General

BMI sees BSP cutting rates by 50 basis points in 2024

MANILA: Fitch Solutions unit BMI said the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) will likely lower key interest rates by 50 basis points (bps) by October this year.

In a report on Monday, BMI said the BSP will only start to redu…

General

Senate sets another inquiry on illegal POGOs

MANILA: The Senate Committee on Women, Children, Family Relations and Gender Equality is set to hold another inquiry on July 10 following reports on the alleged involvement of a former cabinet official in the issuance of licenses to illegal Philippine…