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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

PH banks to remain stable amid rising inflation: Fitch Solutions

By Anna Gabriela A. Mogato The country’s banking system will keep steady despite concerns over a possibly overheating economy, a new report claimed. In its Industry Trend Analysis released on Friday, Fitch Solutions Macro Research said it sees “little downside risks to financial stability” in the coming quarters. This is amid faster inflation rates reported today […] The post PH banks to remain stable amid rising inflation: Fitch Solutions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 5th, 2018

Fuel tax suspension to cost govt P40B – DoF

The government could lose as much as P40 billion in gross revenues if the government heeds calls for the suspension of the higher fuel excise tax next year, a senior Finance department official warned. “For sure, the fuel tax revenue next year is minus P40 billion [if the tax hike is shelved],” Finance Undersecretary Karl [...] The post Fuel tax suspension to cost govt P40B – DoF appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 4th, 2018

PCCI backs calls to suspend fuel tax hike

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business group, is supporting calls for the suspension of the increase in fuel excise tax set for next year under the Tax Reform for Acceleration and Inclusion (TRAIN) law......»»

Category: newsSource:  philstarRelated NewsOct 4th, 2018

PCCI backs calls to suspend fuel tax hike

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business group, is supporting calls for the suspension of the increase in fuel excise tax set for next year under the Tax Reform for Acceleration and Inclusion (TRAIN) law......»»

Category: newsSource:  philstarRelated NewsOct 4th, 2018

PSEi tumbles on trade war, rate hike fears

The local stock barometer fell sharply in thin trade on Tuesday as investors were wary of the US-China trade war and the domestic damage cost by Typhoon 'Ompong.' The main-share Philippin.....»»

Category: newsSource:  philippinetimesRelated NewsSep 26th, 2018

Transport group calls for fare hike

ALLIANCE of Concerned Transport Organization (ACTO) on Tuesday urged the Land Transport Franchising and Regulatory Board (LTFRB) to raise the base fare for public utility jeepneys from P8 to P12. ACTO president Efren de Luna said in a statement that they have amended their earlier fare hike petition which initially asked for a P2 hike, […].....»»

Category: newsSource:  tribuneRelated NewsSep 25th, 2018

Fiscal deficit marks Aug. on spending hike

THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. The post Fiscal deficit marks Aug. on spending hike appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2018

Fiscal deficit marks Aug. on spending hike

By Elijah Joseph C. Tubayan Reporter THE GOVERNMENT’S budget balance swung to a deficit in August from a year-ago surplus as expenditures surged faster than revenue growth, the Bureau of the Treasury (BTr) said on Monday. The government posted a P2.6-billion fiscal deficit in August against a P28.8-billion surplus recorded in the same month last… link: Fiscal deficit marks Aug. on spending hike.....»»

Category: newsSource:  manilainformerRelated NewsSep 24th, 2018

Treasury bill rates increase anew

Interest rates asked by investors for Treasury bills maturing in 91, 182 and 364 days rose across-the-board amid calls for another central bank policy rate hike following the continued increase in consumer prices......»»

Category: financeSource:  philstarRelated NewsSep 10th, 2018

Rates of T-bills, bonds to go up on rate bets

GOVERNMENT securities on offer this week will likely fetch higher rates as investors await another rate hike from the central bank following the faster-than-expected August inflation print. The post Rates of T-bills, bonds to go up on rate bets appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 9th, 2018

Get act together to stop rice price hike, Cabinet urged

Cabinet members should get their act together and agree on a common policy to arrest rising rice prices, a lawmaker-economist said yesterday. Source link link: Get act together to stop rice price hike, Cabinet urged.....»»

Category: newsSource:  manilainformerRelated NewsSep 9th, 2018

Get act together to stop rice price hike, Cabinet urged

Cabinet members should get their act together and agree on a common policy to arrest rising rice prices, a lawmaker-economist said yesterday......»»

Category: newsSource:  philstarRelated NewsSep 8th, 2018

MWSS downplays fears of water shortage in 2021

Metropolitan Waterworks and Sewerage System (MWSS) has downplayed the alarm sounded off by one of its water concessionaire that the Philippine capital is likely to experience water shortage if alternative sources are not built in the next three years. In a statement on Friday, MWSS Administrator Reynaldo V. Velasco has reassured consumers that there would […] The post MWSS downplays fears of water shortage in 2021 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 31st, 2018

Palace downplays complaint against Duterte

MALACAÑANG is unfazed by the communication filed by activists and families of alleged eight victims of the government's war on drugs against President Rodrigo Duterte with the International Criminal Court (ICC). The 50-page communication calls for Duterte's indictment for alleged thousands of extrajudicial killings, which include "brazen" executions by police….....»»

Category: newsSource:  journalRelated NewsAug 28th, 2018

Angara calls for faster implementation of free wi-fi in SUCs

August 24, 2018. Senator Sonny Angara has called on the Department of Information and Communications Technology (DICT) to fast-track the implementation of the free Wi-Fi project in all state universities and colleges (SUCs) in the country. Based on the data from the DICT, as of July this year, only two of the 112… Source link link: Angara calls for faster implementation of free wi-fi in SUCs.....»»

Category: newsSource:  manilainformerRelated NewsAug 24th, 2018

Headline inflation rates in the Philippines (July 2018)

INFLATION surged faster than market expectations in July to clock a fresh multi-year high, the Philippine Statistics Authority (PSA) reported on Tuesday, increasing the odds of an aggressive interest rate hike from the central bank on Thursday. Read the full story. //embedr.flickr.com/assets/client-code.js The post Headline inflation rates in the Philippines (July 2018) appeared first on BusinessWorld.… link: Headline inflation rates in the Philippines (July 2018).....»»

Category: newsSource:  manilainformerRelated NewsAug 7th, 2018