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BSP raises peso rediscount rates

The Bangko Sentral ng Pilipinas raised its rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households after lifting its benchmark interest rates last week due to rising inflation......»»

Category: financeSource: philstar philstarMay 16th, 2018

BSP raises rediscount rates anew

The Bangko Sentral ng Pilipinas lifted anew the rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households......»»

Category: financeSource:  philstarRelated NewsOct 1st, 2018

BSP adjusts rediscount yields following rate hike

RATES for the central bank’s peso rediscount window have been adjusted upward following the Monetary Board’s decision to raise interest rates last week. In a statement, the Bangko Sentral ng Pilipinas (BSP) announced that yields under the rediscount facility have been raised to reflect higher benchmark rates set by the monetary authority during their May […] The post BSP adjusts rediscount yields following rate hike appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 15th, 2018

ING sees peso weakening to 54-to-$1 level | Inquirer Business

The peso may slip back to the 54-to-$1 level in the next 12 months as a further increase in US interest rates and the lingering US-China trade woes are likely to drag down most Asian currencies later.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2019

Peso rediscount loans surge to P71.5 billion in 2018

Loans availed by banks through the peso rediscount facility surged to P71.52 billion in 2018 following the series of interest rate hikes implemented by the Bangko Sentral ng Pilipinas (BSP) to help ease inflation......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2019

Investment banks see peso recovering in next 2 years

Some investment banks see the peso rebounding strongly over the next two years as higher interest rates and easing inflation would help attract foreign inflows and support the local currency......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2018

MWSS raises 2019 water rates | The Manila Times Online

THE Metropolitan Waterworks and Sewerage System (MWSS) has approved an increase in water rates of the Manila Water Co. Inc. and Maynilad Water Services Inc. effective in 2019. In aREAD The post MWSS r.....»»

Category: newsSource:  manilanewsRelated NewsDec 15th, 2018

MWSS raises 2019 water rates – The Manila Times

MWSS raises 2019 water rates  The Manila Times THE Metropolitan Waterworks and Sewerage System (MWSS) has approved an increase in water rates of the Manila Water Co. Inc. and Maynilad Water … Source link link: MWSS raises 2019 water rates – The Manila Times.....»»

Category: newsSource:  manilainformerRelated NewsDec 15th, 2018

Water rates to go up in January

CUSTOMERS served by Metro Manila’s two water concessionaires will notice a slight increase in their bills starting Jan. 1, after the Metropolitan Waterworks and Sewerage System (MWSS) approved rate adjustments based on inflation and the movement of the peso against the US dollar......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2018

Peso plunges to one-month low on BSP decision

THE PESO slipped to a one-month low on Friday, reacting to the central bank’s decision to keep rates steady and as the dollar picked up across the board in reaction to events in China and Europe......»»

Category: financeSource:  bworldonlineRelated NewsDec 14th, 2018

Peso rediscount loans surge to P57 billion

Rediscount loans extended to local banks to finance the expansion needs of businesses and households hit a record P56.82 billion from January to November amid the series of interest rate hikes by the Bangko Sentral ng Pilipinas to check rising inflation......»»

Category: financeSource:  philstarRelated NewsDec 10th, 2018

Palace sees improved business, consumer confidence in coming months despite Q4 drop

  MANILA, Philippines - Malacaang assured the public on Friday that the government was addressing the issues on inflation, weakening peso and higher interest rates among others, which contributed to the decline in business confidence in the country.   The Bangko Sentral ng Pilipinas has reported on Thursday that business and consumer confidence in the country continued to weaken in the fourth quarter of 2018.   The BSP said among the factors that contributed to the less optimistic outlook were soaring inflation, weakening peso, higher interest rates, lower volume of sales and orders and lack of raw materials supply.   "The public should understand...Keep on reading: Palace sees improved business, consumer confidence in coming months despite Q4 drop.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Meralco billings seen stable in December 2018

Customers of Manila Electric Co. won’t see an increase in their electricity rates this month as the stronger peso and lower spot market prices may offset higher Malampaya prices......»»

Category: financeSource:  philstarRelated NewsDec 4th, 2018

Pag-IBIG keen on keeping loan rates low, dividend payouts high

Despite high inflation and a weak peso, the Home Development Mutual Fund (HDMF) or the Pag-IBIG Fund is confident it can still maintain the low interest rates it offers for home and cash loans......»»

Category: financeSource:  philstarRelated NewsDec 2nd, 2018

BSP raises rates in ‘proactive’ move

THE CENTRAL BANK fired off a softer rate increase yesterday as policy makers saw the need for preemptive action amid global uncertainty, and as price expectations remain elevated back home......»»

Category: financeSource:  bworldonlineRelated NewsNov 15th, 2018

Meralco raises rates in November

Meralco raises rates in November.....»»

Category: newsSource:  cnnphilippinesRelated NewsNov 7th, 2018

Philippines, China set up peso-renminbi exchange

The Bangko Sentral ng Pilipinas (BSP) and the Bank of China are set to formally ratify next week the establishment of a system that will allow local banks to directly exchange renminbi (RMB) to peso and vice-versa at better rates......»»

Category: financeSource:  philstarRelated NewsOct 25th, 2018

Economists see higher inflation rates

Economists of private banks raised anew their inflation forecasts over the next three years amid rising global oil prices, higher food prices, a weak peso, and the effects of the implementation of the tax reform program......»»

Category: financeSource:  philstarRelated NewsOct 21st, 2018

LTFRB approves P2 jeepney minimum fare increase

  The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Thursday a P2-peso fare increase in public utility jeepneys, effective in November.   The decision came after the LTFRB made permanent the provisional fare hike of P1 back in July and granted another P1 increase, which raises the minimum fare to P10 from the previous P8.   The provisional fare increasefor jeepneys in Metro Manila and adjoining regions temporarily made the minimum jeepney fare to P9.   READ:P9 jeepney minimum fare starts July 6   The decision was signed by LTFRB chair Martin Delgra and board member Ronaldo Corpus.   LTFRB board ...Keep on reading: LTFRB approves P2 jeepney minimum fare increase.....»»

Category: newsSource:  inquirerRelated NewsOct 18th, 2018

Peso seen to hit 54.80:$1 by end 2018

The research arm of Fitch Ratings expects the peso to end weaker at 54.80 to $1 this year and 56.33 to $1 in 2019 amid fears of contagion from emerging markets as well as rising interest rates in the US......»»

Category: financeSource:  philstarRelated NewsOct 1st, 2018

BSP raises interest rates anew; expects above-target inflation until 2019

As widely expected, the Bangko Sentral ng Pilipinas on Thursday raised anew its benchmark rates by another 50 basis points to tame inflation, which monetary authorities expect to soar above official target for two straight years......»»

Category: newsSource:  philstarRelated NewsSep 27th, 2018