by Jan Michael Carpo, Reporter Yesterday, the Philippine stock market defied the upward trend in the region by falling further into the red due to significant foreign selling and worries over the health of China’s economy. At 6,212.39, the benchmark Philippine Stock Exchange (PSE) Composite index closed out with a loss of 77.88 points, or […]
The Philippine banking sector remains stable, bolstered by strong profits from the nation’s second largest largest bank. Metropolitan Bank & Trust Co.’s (Metrobank) net earnings rose by 31.3% to PHP10.5 billion in the first quarter of 2023 from a year ago. The Bank’s robust growth was propelled by the combination of the expansion of its […]
“The Philippines’ economic prospects are bright. We will probably be the fastest-growing country in the ASEAN region in the next two years and the second-fastest in the Asia-Pacific region, after India,” beamed Benjamin Diokno, former BSP chief and now Secretary of Finance. Diokno said that in spite of higher public debt, the country’s overall economic […]
