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T-bill rates ease ahead of Fed meet
Rates for the government’s short-term securities eased for the second straight week ahead of the monetary policy decision of the US Federal Reserve......»»
Meralco cuts power rates in April
The Manila Electric Company will slash power rates in April, ending three consecutive months of rate hikes since the first quarter of 2024. .....»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»
LTO hikes penalties for erring car dealers, importers
LTO hikes penalties for erring car dealers, importers.....»»
Nestle, Danone see price hikes slowing after years of sharp increases
LONDON/PARIS (Reuters) -Two of the world’s top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that prompted many shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee. But Danone, which owns brands including Evian and Badoit waters and Activia.....»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
May, not March
Last Wednesday, equities dropped as Federal Reserve (Fed) Chair Jerome Powell dashed investor hopes for a March rate cut. Last Friday, despite better-than-expected US nonfarm payrolls and robust wage growth which typically usher in higher interest rates, the Dow and the S&P 500 were not deterred from hitting new all-time highs......»»
Quick look at the week ahead
We don’t have any big scheduled news or events coming directly from the PSE or any of its companies this week, but we do have the US Federal Reserve (the “Fed”) decision on US interest rates that we will learn about on Thursday morning......»»
Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
Power rates expected to rise because of El Niño
DAVAO CITY (MindaNews / 17 January)—Expect possible increasing power rates throughout the year amid the anticipated El Niño phenomenon in the country, an official from the Department of Energy (DOE)-Mindanao said. Engr. Darwin P. Galang, DOE-Mindanao senior science research specialist, said the anticipated increasing power rates can be possibly El Niño-related, with 26 percent of […].....»»
Singapore bank hikes Philippines inflation forecast
DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates higher for longer......»»
Ababa edges Dutchman in sudden death to cop ICTSI Apo Golf Classic title
Jhonnel Ababa canned in two pressure-packed birdies, the first forcing a playoff and the other clinching the hotly disputed championship over Guido van der Valk in a statement-making win at the ICTSI Apo Golf Classic......»»
Del Monte edges closer to crown, leads by 18
Del Monte all but secured the PAL Seniors Interclub crown with a superb 155-point output, storming away from the pack with a commanding 18-point lead over Canlubang after three rounds of play back at their home turf in Bukidnon Saturday......»»
MCU edges fellow UCAL newcomer PWU
Manila Central University turned back Philippine Women University in the battle of league newcomers, 78-64, in the Universities and Colleges Athletic League-PG Flex Linoleum Season 6......»»
Helterbrand, Canalenta flash vintage forms as Biñan edges Nueva Ecija
Jayjay Helterbrand and KG Canaleta turned back the hands of time and put on a show in front of the local folks as they steered Biñan to a thrilling 96-90 win over previously unbeaten Nueva Ecija in a titanic battle in the PSL President’s Cup......»»
Cha-cha is inclusion
People may not realize it, but Charter change is all about inclusion. It is to mainstream Filipinos who are at society’s rough edges, those denied basic services government is mandated by law and by the Constitution to render or deliver......»»
Next Attraction: Movies, series showing in February 2024
From typical and not-so-typical romantic escapades to much-awaited releases, this month will have everyone clinging to the edges of their seats or beds......»»
Dela Rosa considers war with China but admits: ‘Hindi naman natin kaya’
MANILA, Philippines — Senator Ronald “Bato” Dela Rosa is already fed up with China’s persistent harassments in the West Philippine Sea, prompting thoughts of engaging in war with Beijing. But he knows, war is not an option. “Naubos na ang sasabihin ko dapat dyan. Short of declaring war na tayo dyan against sa kanila e,.....»»
Dovish Powell lifts markets to historic highs
Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»