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The Economic Scene

OECD: PH economy to grow fastest in SEA in 2022

The Organization for Economic Cooperation and Development (OECD), the bloc of rich nations, expects the Philippine economy to grow fastest in Southeast Asia this year, even as its labor market could take time to recover due to the scarring inflicted by the COVID-19 pandemic. In its “Economic Outlook for Southeast

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Ukraine war fallout: higher yields for gov’t borrowings

The Bureau of the Treasury (BTr) on Monday (Feb. 28) rejected all T-bill bids as rates climbed across-the-board amid uncertainties wrought by a combination of the Ukraine-Russia war, higher domestic inflation, plus the US Federal Reserve’s forthcoming interest rate hike. Monday’s Treasury bill auction was the first domestic borrowing for

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Stocks up ahead of yearend window dressing; peso weakens

The Philippine Stock Exchange index (PSEi) started the week higher amid the quiet session during the Christmas holiday, but the peso weakened against the US dollar. The main equities index rose by 1.02 percent, or 72.94 points, to 7,254.80 points. All Shares followed with a jump of 0.54 percent, or

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