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BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
Government agrees to restore interest deductions
Associate Finance Minister David Seymour has today announced that the Government has agreed to restore deductibility for mortgage interest on residential investment properties."Help is on the way for landlords and renters alike. The Government's restoration of interest deductibility will ease pressure on rents and simplify the tax code," says Assoc.....»»
Federal Reserve Chair Jerome Powell discusses interest rate cut timeline | The Daily Guardia
Federal Reserve Chair Jerome Powell has declared that interest rate cuts are improbable in the coming months, despite a robust economy and declining inflation. The.....»»
Geopolitics, rate cut delays could spoil IPO rebound in 2024
Geopolitical tensions and interest rate cut delays could play the spoiler’s role in initial public offerings (IPO) staging a major comeback in the local bourse this year......»»
Slower US Inflation Spurs Fed Rate-Cut Optimism
Title: Inflation Slows in the US, Raising Expectations of Interest Rate Cut Subtitle: International Economic Developments to Impact Global Markets Date: [Current Date] Byline: [Your.....»»
T-bill rates up across the board
The government has cut its two consecutive weeks of increased borrowing from local investors, returning within the regular program for short-term debts as rates went up across the board......»»
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......»»
Moody’s, Fitch research arms see rate cuts in 2nd half
The research units of the Moody’s and Fitch Group expect the Bangko Sentral ng Pilipinas to cut rates in the second half , reversing a tightening cycle that saw key policy rates rise by 450 basis points......»»
Quick look at the week ahead
Domestically, Cebu Landmasters will wrap up its follow-on offering sale of preferred shares tomorrow (the listing is next week), and on Friday, we’ll get the inflation data for March from the Philippine Statistics Authority (which will set the table for the BSP’s decision on interest rates on Monday of next week). I.....»»
BSP to keep policy stance unchanged
Monetary authorities may keep the benchmark interest rates unchanged in the near term as inflation quickened for the first time in five months, and could accelerate further to above the two to four percent target in the second quarter......»»
Think tank sees likelihood of BSP rate cuts starting Q2
The Bangko Sentral ng Pilipinas is expected to start cutting interest rates in the second quarter following the economic growth posted last year, according to UK-based think tank Pantheon Macroeconomics......»»
Louvre says Mona Lisa could get a room of her own
The Mona Lisa by Leonardo da Vinci, the world's most famous portrait, could get a room of its own in the Louvre, the museum's president said on Saturday......»»
JBL opens human rabies isolation room
JBL opens human rabies isolation room.....»»
Ready na sa tapatan: Ryzza Mae Dizon na-busy sa paghahanda ng dressing room ni Andres Muhlach
Marami ang nagtatanong sa X kung taped ba ang 'It's Showtime' nitong Friday? The post Ready na sa tapatan: Ryzza Mae Dizon na-busy sa paghahanda ng dressing room ni Andres Muhlach first appeared on Abante......»»
Ready na sa tapatan: Ryzza Mae Dizon na-busy sa paghahanda ng dressing room ni Andres Muhlach
Marami ang nagtatanong sa X kung taped ba ang 'It's Showtime' nitong Friday? The post Ready na sa tapatan: Ryzza Mae Dizon na-busy sa paghahanda ng dressing room ni Andres Muhlach first appeared on Abante......»»
MindaNews kids shookt after Boomers, GenX speak like GenZ
DAVAO CITY (MindaNews / 17 January) – The small meeting room at The Ritz Hotel at Garden Oases here erupted in laughter as the crowd of the mostly-veteran MindaNews journalists got their baptism of fire on Generation Z (Gen Z) lingo over the weekend. Of the 17 persons in the room, six are in their […].....»»
AREIT completes P1.2-B cash acquisition of 153-room Seda Lio resort hotel
AREIT announced that it completed the acquisition of the 153-room Seda Lio resort-hotel in El Nido from subsidiaries of its sponsor, Ayala Land......»»
Vikings Clear Lockers, Ride Wave of Emotions
Lindsey Young EAGAN, Minn. - Emotions in the Vikings locker room ran the gamut Monday.Players trickled in following an all-team meeting with Head Coach Kevin O'Connell. Some chattered amongst themselves, while others strolled silently and introspectively. Many exchanged embraces with teammates.Helmets, footballs and Sharpies were passed back and forth throughout the room, as player.....»»
T-bill rates climb ahead of BSP meet
The government upsized its sale of short-term securities yesterday to P17 billion, even after rates picked up ahead of the policy decision of the Bangko Sentral ng Pilipinas this week......»»
Think tank: No change in BSP rates
The Bangko Sentral ng Pilipinas is likely to keep key rates steady at its policy meeting on Thursday, according to UK-based think tank Pantheon Macroeconomics......»»