Advertisements


UA& P economist calls for faster GIR hike, downplays overheating fears

THE PHILIPPINES needs to amass bigger foreign currency reserves to keep up with rising demand for dollars, an economist of the University of Asia & the Pacific (UA&P) said, even as he maintained that the economy is far from overheating. In a 12-page paper, UA&P associate professor Victor A. Abola dismissed concerns that the Philippine […] The post UA&P economist calls for faster GIR hike, downplays overheating fears appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

BSP exec downplays rate hike calls

A CENTRAL BANK official has downplayed calls for a fresh hike in benchmark interest rates in the face of faster inflation, arguing such a move will not arrest supply-driven pressures. The post BSP exec downplays rate hike calls appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 10th, 2018

Moody’s says overheating farfetched; FMIC, UA& P see Q1 growth past 7%

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according to a global debt watcher and a monthly analysis released on Monday. Moody’s Investors Service allayed fears that the Philippine economy could overheat, noting that growth can be expected […] The post Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 2nd, 2018

BSP downplays fears of overheating

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) downplayed anew fears of overheating after a stronger-than-expected economic expansion in the thi.....»»

Category: financeSource:  philstarRelated NewsNov 17th, 2017

Finance: Yields on T-bills climb on rate hike fears

THE GOVERNMENT raised only P10.36 billion from its auction of Treasury bills (T-bills) yesterday after it decided to partially award all three tenors despite strong demand as banks asked for higher returns due to market cautiousness over faster domestic inflation and global uncertainties......»»

Category: financeSource:  bworldonlineRelated NewsFeb 13th, 2017

BSP says in ‘firm’ control as prices spike

The BANGKO SENTRAL ng Pilipinas (BSP) continues to have a firm hand on inflation, its chief said amid mounting calls for a more aggressive rate hike next month......»»

Category: newsSource:  bworldonlineRelated NewsJul 17th, 2018

NEDA chief calls for caution on federalism

The administration should exercise caution in its push for federalism as any misstep can drain government finances and disrupt the infrastructure program, the country’s top economist said yesterday......»»

Category: newsSource:  philstarRelated NewsJul 17th, 2018

Formula E paves way for electric cars on and off racetrack

By Terrin Waack, Associated Press NEW YORK (AP) — Unplug and go. Filling up a car is as simple as that, even if it's not gas flowing through the nozzle. Electricity is efficient. Formula E, a global electric auto racing series, steers the way — toward the future of not only its sport but also its industry. "You don't realize it," Mahindra Racing team principal Dilbagh Gill said, "but the second car from today that you're going to buy is going to be an electric car." America is one of Formula E's biggest targets. So, for the second consecutive time since the series' inception in 2014, Formula E took on the Brooklyn streets for a season-finale doubleheader of its 12-race schedule. The track length is 2.373 kilometers with Lower Manhattan in the backdrop as well as the Statue of Liberty. Techeetah's Jean-Eric Vergne became the fourth different driver to win the championship and Audi Sport ABT Schaeffler took home the overall team title. Confetti at the finish line marked the end of an era. In January, Formula E unveiled its new Gen2 car for next season. The current cars have a maximum power of 200kW, limited to 180kW during races, and they top out at 225 kph (140 mph). This model has been around since the series started and requires a mid-race car change because the battery runs out. The Gen2 car will run faster and longer. No more swaps. Performance has basically been doubled in just four years without changing the battery's fundamental chemistry. "I don't know if you remember before Formula E started, there was this whole perception that lithium batteries were a little bit dangerous — they were prohibited on airplanes, they caught fire on mobile phones," Panasonic Jaguar Racing sporting manager Gary Ekerold said. "Since we've run Formula E ... absolutely fine. Batteries are proven to be safe." But they're still monitored. A dielectric — non-conductor — fluid in the battery keeps it cool while the car runs. There's also a battery management system that constantly records data, monitoring temperature and voltage. When the car is charging, dry-ice blowers — Super Chillers — connect to the car and prevent overheating. It takes less than an hour to recharge a drained battery. "It's going to start reaching a stage where the time it takes to fill up your gas — 4 minutes and 40 seconds on average — is going to be the time it takes to charge your car," Gill said. Teams are given identical batteries. The chassis, or bodies, of the cars are also the same. Where teams can get creative are places such as the electric motor, inverter, powertrain and gearbox. Manufacturers get involved here. Everyday car names occupy pit lane. Audi and Jaguar already have teams. Nissan and BMW will next season. Mercedes-Benz and Porsche are joining for season six. "This is like a playground for them," Mahindra Racing driver Feliz Rosenqvist said. "When you get to the competitive side, you can always find new ways that maybe you wouldn't do on a normal car. You push the software and hardware." The steering wheel, which has a programmable screen, is also fair game. Things can get technical when the car gets broken down into specific parts and technology is thrown into the mix. But the basics remain: Energy is how far. Power is how fast. "It's still a racing car," Panasonic Jaguar Racing driver Mitch Evans said. "It looks like a racing car. It drives like a racing car." It just doesn't sound like the normal racing car. The roar of a combustion engine is missing. "That's normally like a sensor for your driving — how quick you're going, how you hear the revs — and now you can only hear the wind," Rosenqvist said. "It's more like riding a bike. As you increase your speed, you just start hearing wind." To spectators, the whizzing equates to an amplified toy car, go-kart or scooter. All electric, of course. It's not that disruptive to the public. Electric cars are the way of the future. They're already racing on city streets. They go rain or shine — only stop for thunder or lightning. And they're much better for the environment. "Your whole life runs on a battery," Gill said. "The time is now.".....»»

Category: sportsSource:  abscbnRelated NewsJul 16th, 2018

Trade war, rate hike fears spur sell-off

SHARE prices retreated anew on Friday as rate hike concerns and the start of a US-China trade war dampened investor sentiment. The benchmark Philippine Stock Exchange index (PSEi) dropped 0.65 percent or 46.86 points to finish at 7,186.71 while the wider All Shares dipped 0.46 percent or 20.28 points to end at 4,387.34. “Philippine markets got off [...] The post Trade war, rate hike fears spur sell-off appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 7th, 2018

Stock market falls 1.56% as inflation tops forecasts

Above-target price growth stokes fears of another BSP rate hike The stock market snapped a four-day recovery on Thursday after higher-than-expected inflation stoked fears of another central bank rate hike. The benchmark Philippine Stock Exchange index (PSEi) plunged by 1.56 percent or 114.85 points to close at 7,233.57, while the wider All Shares declined 1.04 [...] The post Stock market falls 1.56% as inflation tops forecasts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 5th, 2018

Food, oil to stoke June inflation

INFLATION likely clocked in faster in June on the back of rising food and oil prices coupled with a weaker peso, economists said in a BusinessWorld poll, with some noting that another rate hike may still be on the table for the central bank to temper prices......»»

Category: newsSource:  bworldonlineRelated NewsJul 1st, 2018

Analysts’ June inflation rate estimates

INFLATION likely clocked in faster in June on the back of rising food and oil prices coupled with a weaker peso, economists said in a BusinessWorld poll, with some noting that another rate hike may still be on the table for the central bank to temper prices. Read the full story......»»

Category: newsSource:  bworldonlineRelated NewsJul 1st, 2018

Analysts’ June inflation rate estimates

INFLATION likely clocked in faster in June on the back of rising food and oil prices coupled with a weaker peso, economists said in a BusinessWorld poll, with some noting that another rate hike may still be on the table for the central bank to temper prices. Read the full story. Source link link: Analysts’ June inflation rate estimates.....»»

Category: newsSource:  manilainformerRelated NewsJul 1st, 2018

S& P, BMI see need for another rate hike

S&P GLOBAL RATINGS and Fitch Group’s BMI Research expect another rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year, citing the need for further tightening to curb faster inflation and ease pressures on the peso. The post S&P, BMI see need for another rate hike appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 24th, 2018

Policymakers acting ‘too slowly’ on inflation

German lender Deutsche Bank has raised concerns that Philippine monetary and fiscal authorities are acting “too slowly” to address a rise in underlying inflation, which it claimed was an indication of economic overheating. In a report published last week, Deutsche Bank chief economist in Asia Michael Spencer said that while May headline inflation was considerably [...] The post Policymakers acting ‘too slowly’ on inflation appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 11th, 2018

Poll puts May price hike past target

HIGHER OIL and food prices drove inflation even faster in May from a year ago to a fresh five-year high, analysts said in a BusinessWorld poll, even as the Finance department said in a bulletin that month-on-month tracking may signal slowing momentum ahead. The post Poll puts May price hike past target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 4th, 2018

More Labor Groups Bat for Workers’ Pay Hike

Several labor groups have joined regional wage boards in calling for an addition to the minimum salaries of workers amid the rise in prices of basic goods and commodities. The Partido Manggagawa (PM) and Kilusang Mayo Uno (KMU) both said they support calls for the granting of wage hikes. “In the short term, regional wage […].....»»

Category: newsSource:  metrocebuRelated NewsMay 28th, 2018

US economist questions conventional thinking on raising babies

Washington, United STATES — Emily Oster has been crusading for years against what she calls the onslaught of bad advice directed at new parents, chastising everyone from grandmothers to charlatans to health authorities in her first book about pregnancy. And there’s more to come in her second book about early childhood. “There are still many […] The post US economist questions conventional thinking on raising babies appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 25th, 2018

S& P sees temporary inflation rise; no overheating risks

The sharp rise of commodity prices is likely temporary, S&P Global Ratings said, as it also doused fears that the Philippine economy may be at risk of expanding at an unsustainable rate......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2018

Manila Water unit seeking to expand Boracay sewer network

BORACAY Island Water Co., Inc. has given its assurance to complete the rehabilitation of the island’s main sewer network within four months, as the company offered its plan of upgrading and expanding the facilities as “a faster and more feasible” option. The unit of publicly listed Manila Water Co., Inc. has allayed the fears of […] The post Manila Water unit seeking to expand Boracay sewer network appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2018

S& P sees PHL growth sustained with no danger of overheating

S&P Global Ratings said it is not concerned about any overheating in the Philippine economy, saying that robust investment and a growing labor force have made current growth levels sustainable. S&P Asia-Pacific economist Vincent Conti said such levels of growth would have been a source of worry previously. “In the previous years, half a decade […] The post S&P sees PHL growth sustained with no danger of overheating appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2018