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Peso up as PSEi slips on worries over next Fed rate decision

WORRIED INVESTORS. Concerns on the next policy rate decision of the Federal Reserve continue to worry investors, resulting in another negative close of the local bourse's main index on Thursday (Feb. 23, 2023). On the other hand, the peso improved against the US dollar partly on the robust inflows of foreign portfolio investments and the ratification by the Senate of the Regional Comprehensive Economic Partnership trade deal. (PNA graphics) MANILA Risk-off sentiments continued to weigh on the local bourse, resulting in another negative close for the Philippine Stock Exchange index (PSEi), but the peso recovered against the greenback. The PSEi went down by 0.20 percent, or 13.33 points, to 6,685.90 points. All Shares also went down by 20 percent, or 7.16 points, to 3,572.20 points. Most of the sectoral gauges also ended the day in the negative territory -Property, 0.75 percent; Financials, 0.59 percent; Mining and Oil, 0.47 percent; and Holding Firms, 0.20 percent. On the other ha

RCEP projected to create 1 4 million jobs—Zubiri

Ratification by the Senate of the Regional Comprehensive Economic Partnership (RCEP) agreement will generate 1.4 million jobs by 2031. Senate President Juan Miguel Zubiri and Senate President Pro Tempore Loren Legarda stressed this after defending the RCEP agreement during the period of interpella

House leaders back RCEP deal ratification

House Speaker Martin Romualdez has led his congressmen-colleagues in expressing their full support for the immediate ratification by the Senate of the Regional Comprehensive Economic Partnership (RCEP) deal. House Speaker Martin Romualdez (Facebook) "By immediately ratifying the RCEP Agr

House backs RCEP passage to boost investment outlook | Jovee Marie de la Cruz

The leadership of the House of Representatives has expressed its full support for the immediate ratification by the Senate of the Regional Comprehensive Economic Partnership (RCEP) agreement. In House Resolution 728, which supports the Senate’s ratification of RCEP, Speaker Martin Romualdez said by immediately ratifying the RCEP agreement, the Philippines…

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