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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 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

Weak peso, low FDIs, skills mismatch and lack of jobs

Luis Breuer, IMF mission chief to the Philippines, points out why our peso is weak, 'Downside risks stem mainly from rising inflation, continued rapid credit growth, higher US interest rates a.....»»

Category: newsSource:  philippinetimesRelated NewsAug 19th, 2018

BSP lifts rediscount rates anew

The Bangko Sentral ng Pilipinas (BSP) lifted anew the rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households after delivering its strongest monetary policy action in 10 years......»»

Category: financeSource:  philstarRelated NewsAug 11th, 2018

Markets Down on Inflation Worries

Anticipation of a fresh hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates later this week resulted in losses in both the Philippine Stock Exchange index (PSEi) and the Peso Tuesday. BSP’s policy-making Monetary Board (MB) will have its fifth rate setting meet for the year on Thursday and it is widely expected to […].....»»

Category: newsSource:  metrocebuRelated NewsAug 8th, 2018

Comment on FMIC cites wisdom of borrowing offshore by PHL local currency bond issuances down in Q1 — ADB-Times of News Philippines

[…] GOVERNMENT plans to borrow more funds abroad will help the state manage debts better, even amid rising interest rates and a weaker peso, a senior officer of one of the country’s biggest investment banks said. Read the full story. […].....»»

Category: financeSource:  bworldonlineRelated NewsAug 2nd, 2018

PHL local currency bond issuances down in Q1 — ADB

GOVERNMENT plans to borrow more funds abroad will help the state manage debts better, even amid rising interest rates and a weaker peso, a senior officer of one of the country’s biggest investment banks said......»»

Category: financeSource:  bworldonlineRelated NewsJul 25th, 2018

FMIC cites wisdom of borrowing offshore

GOVERNMENT plans to borrow more funds abroad will help the state manage debts better, even amid rising interest rates and a weaker peso, a senior officer of one of the country’s biggest investment banks said......»»

Category: financeSource:  bworldonlineRelated NewsJul 25th, 2018

Philippines to sustain growth momentum – FMIC

The Philippines is expected to sustain its growth momentum despite challenges brought about by inflation, rising interest rates and a weak peso, First Metro Investment Corp. (FMIC) said yesterday......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2018

Hot money reverses to net inflow in first half of 2018

Net inflow of foreign portfolio investments amounted to $306.25 million in the first half, a complete reversal of the $467.83 million net outflow recorded in the same period last year despite strong outflows in May and June due to investor concern on inflation as well as the weak peso and rising interest rates in the US......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2018

Peso seen testing 54-55 to $1

The peso may weaken to 55 against the US dollar this year as foreign capital flows out of emerging markets into developed markets, the treasurer of China Bank said. "We will probably revisit new (dollar) highs...emerging markets are flopping," China Bank treasurer Benedict Lee Chan told reporters yesterday. "You've seen the United States raise rates. You've seen ECB (European Central Bank) and the rest of the G10 countries also raising rates. With that, capital flows are going out of the Philippines," he added. As such, he said the peso could test 54-55 levels against the dollar this year. The peso is currently at 53.5 to a dollar, according to Bankers Association of the Phil...Keep on reading: Peso seen testing 54-55 to $1.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

Meralco raises July electricity rates by P0.3136/kWh

Meralco raises July electricity rates by P0.3136/kWh Source link link: Meralco raises July electricity rates by P0.3136/kWh.....»»

Category: newsSource:  manilainformerRelated NewsJul 6th, 2018

Meralco raises kilowatt-hour rates following two months of reductions

Electricity consumers in the capital region should expect an increase in their next monthly bill, as distribution utility Manila Electric Co. (Meralco) just announced an increase of P0.316 per kilowatt-hour (kWh). The rate hike follows two straight months of reductions, due to an increase in generation charge, Meralco claimed. “The higher July rate is mainly […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 6th, 2018

Tight supply, weak peso to raise power rates in July

Tight supply, weak peso to raise power rates in July Source link link: Tight supply, weak peso to raise power rates in July.....»»

Category: newsSource:  manilainformerRelated NewsJul 3rd, 2018

3.50% Interest Rate ‘Too Low’ for Ph GDP Growth

BMI Research, Fitch Group’s think tank, contends that the current policy interest rates of Bangko Sentral ng Pilipinas (BSP) are still “too low” to propel the country’s gross domestic product upward. BMI Research said the BSP has to keep pace with the rising global interest rates in order to slow down the depreciation of peso […].....»»

Category: newsSource:  metrocebuRelated NewsJun 29th, 2018

Philippines ETF in Focus as Central Bank Raises Rates

The emerging markets continue to struggle on account of Fed rate hikes and continued sell-off by foreign investors. As the Asian markets remain volatile, the Philippines' stocks declined 2 per.....»»

Category: newsSource:  manilanewsRelated NewsJun 29th, 2018

BSP lifts bank 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 after delivering back-to-back policy rate hikes in May and June......»»

Category: financeSource:  philstarRelated NewsJun 25th, 2018

BSP rate hikes not enough – BMI

Two Bangko Sentral ng Pilipinas (BSP) policy rate hikes will not be enough to contain inflation and support the peso moving forward, BMI Research said. “We expect the BSP to hike interest rates by a further 25bps to safeguard macroeconomic stability, which will take the benchmark RRP (overnight reverse repurchase) rate to 3.75 percent by [...] The post BSP rate hikes not enough – BMI appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 24th, 2018

BSP raises interest rates anew

BSP raises interest rates anew.....»»

Category: entertainmentSource:  pepRelated NewsJun 20th, 2018

BSP seen raising rates anew

The Bangko Sentral ng Pilipinas needs to jack up benchmark rates amid concerns of overheating due to the weak peso as well as rising inflation, the DBS Bank of Singapore said in a report......»»

Category: financeSource:  philstarRelated NewsJun 20th, 2018

Consumer group decries increase in FIT-All

Consumer advocacy group CitizenWatch said the Feed-In-Tariff Allowance, or FIT-All, in electricity bills is proving to be an additional burden for Filipino consumers already overburdened by the increase of prices attributable to rising inflation rates, oil price hike in the world market, weakening of the peso against the US Dollar and the untimely impact of… link: Consumer group decries increase in FIT-All.....»»

Category: newsSource:  manilainformerRelated NewsJun 16th, 2018