August 22, 2023

Biz leaders call PH’s Q2 GDP growth ‘respectable’

Business leaders on Tuesday said the Philippines’ 4.3 percent gross domestic product (GDP) growth in the second quarter is nothing to be ashamed of, stressing that it outperformed other countries during the same period. In an interview, Jesus Arranza,…

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High oil prices seen to persist until end of 2023

A Department of Energy (DOE) official on Tuesday said oil price hikes are expected to continue until the end of the year. During the Laging Handa public briefing, Oil Industry Management Bureau Director Rino Abad said tighter supply has

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Stocks, peso weak on inflation concerns

Local stock market and currency closed Tuesday’s trading week amid inflationary pressures both in the local and global markets. The Philippine Stock Exchange index (PSEi) finished lower by 77.88 points to 6,212.39 points, with all shares down by 30.46…

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