PSEi, peso firm up ahead of GDP report, US Fed policy decision

MANILA, Philippines — Local stocks ended higher on Wednesday as the peso’s appreciation against the US dollar buoyed investor sentiment, even as caution persisted ahead of key global and domestic economic data. The benchmark Philippine Stock Exchange Index (PSEi) rose 0.78 percent, or 48.88 points, to close at 6,355.78. Michael Ricafort, chief economist at Rizal Commercial