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Category: Business

Stocks Climb Anew as Peso Rebounds Against Dollar

Manila: The local stock market extended gains Wednesday, while the peso rebounded against the US dollar after Tuesday’s decline. The Philippine Stock Exchange index (PSEi) rose 0.37 percent to 6,498.82, while the All Shares index gained 0.37 percent t…

7-Day BSP Term Deposit Rate Dips

Manila: The average rate of the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposit facility (TDF) declined on Wednesday, reflecting a scenario where the bids exceeded the offered amount.

According to Philippines News Agency, central bank data…

DTI Boosts MSME Support with 11 New Logistics Partners

Manila: The Department of Trade and Industry (DTI) strengthened support for micro, small and medium enterprises (MSMEs) as 11 more logistics and related firms joined its Supply Chain and Logistics Center (SCLC) Network. Speaking during the ceremonial …