Shares retreat on peso, inflation woes
The local stock market retreated yesterday due to expectations that the worst is yet to be over for the peso’s decline, triggering economic, inflationary and monetary concerns.
Shares retreat on peso, inflation woes
1 min read
Source: Philstar Biz
Related stories
News
‘Philippines to be offshore wind powerhouse in Southeast Asia’
1 min
The Philippines is not only pursuing its first kilowatt-hours of offshore wind but also positioning itself as a regional leader in advancing the technology across Southeast Asia.
News
‘Peso within reach of 65 to $1 level’
1 min
The peso could weaken further toward 65 per dollar as persistent external pressures collide with weak domestic growth and elevated inflation, with former central bank governor Jose Cuisia Jr.
News
BIR to expand tax abatement program to small taxpayers
1 min
The Bureau of Internal Revenue is looking at increasing the gross sales threshold of its one-time tax abatement program to benefit more small taxpayers.