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Cebu’s inflation rate rose in Feb compared to January
CEBU CITY, PHILIPPINES – Cebu’s inflation rate rose slightly in February compared to lJanuary as prices have gone up in most parts of the province including the tri-cities of Cebu, Lapu-Lapu, and Mandaue. This was after the Philippine Statistics Authority (PSA) Cebu Province announced the current inflation rate of Cebu including the Highly Urbanized Cities.....»»
Philippine inflation rises to 3.4 pct in February
MANILA, March 5 (Xinhua) -- Year-on-year inflation in the Philippines rose to 3.4 percent in February from 2.8 percent in January, the first uptrend after a downtrend for four straight months, the Philippine Statistics Authority (PSA) said on Tuesday. The uptrend in the overall inflation in February was primarily influenced by the higher year-on-year increase in the heavily-weighted food and non-alcoholic bevera.....»»
Inflation: A Beginner’s Guide
Inflation is a concept that greatly affects everyone’s daily lives, yet many still find it somewhat confusing to understand. Simply put, you can think of inflation as this: As prices rise over time, the purchasing power of money decreases. This will greatly impact your savings plans, investments, and your overall financial stability. However, there is […].....»»
REIN in inflation!
It didn’t take long for Finance Secretary Ralph Recto to take full command of the economic cluster as he assumed responsibility for keeping inflation numbers low. And Ralph even coined an acronym: REIN or Reduce Emerging Inflation Now......»»
Fans flock to IU s HEREH pop-up store in Manila
When it opened on May 24, the IU HEREH Pop-up Store in Manila transformed SM Mall of Asia into a bustling hub of excitement and fandom......»»
Quiboloy and political allies: Connections and cut-offs
FOR WEEKS, Apollo Quiboloy has been in the news, but not for his preaching or pastoral activities. As a special adviser to then President Rodrigo Duterte, Quiboloy's worldly activities seemed above attack or threat. His power to endorse and command the vote of his flock made it easy for him to create a political network as well.But circumstances have changed. Duterte is out of power and as Team Unity has begun t.....»»
Cebu bus terminals: 100,000 passengers expected on March 27
CEBU CITY, Philippines — At least 100,000 passengers are expected to flock to two of the biggest bus terminals here in Cebu for the Holy Week this year. As early as 7 a.m. on Holy Wednesday, dozens already queued for buses at the Cebu North Bus Terminal (CNBT) in the North Reclamation Area. READ MORE:.....»»
From the islands to the mainland, UBJP members flock to Cotabato City to show solidarity
COTABATO CITY (MindaNews / 19 February) – From the island to the mainland, Sherhan Isa endured the long, backbreaking travel from Jolo, Sulu to be in solidarity with the United Bangsamoro Justice Party (UBJP), the political party of the Moro Islamic Liberation Front (MILF), during its general assembly in Cotabato City on Saturday, February 17. […].....»»
Dabawenyos to hold huge rally vs cha-cha
DAVAO CITY (MindaNews / 24 January)—A crowd of 50,000 is expected to flock Davao City’s main streets on Sunday (January 28) for a prayer rally expressing disapproval against the signature campaign for a people’s initiative (PI) to change the 1987 Constitution, echoing the stand of the Dutertes. Councilor Conrado Baluran, who ran under the Duterte-led […].....»»
Santo Niño Devotees
Raquel Pamocino, 37, is one of thousands of Santo Niño devotees who flock to the Shrine of the Holy Infant Jesus of Prague in Davao City every January 15, to attend mass and have their images of the Santo Nino blessed. Photo taken Monday morning, 15 January 2024. MindaNews photo by CAROLYN O. ARGUILLAS.....»»
Hot money outflow narrows in April
More short-term investments left the Philippines for the second straight month in April, albeit narrower than the outflows recorded in the same month last year, amid geopolitical tensions in the Middle East......»»
BSP leaves interest rates unchanged
The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»
No change in BSP rates
As widely expected, the Bangko Sentral ng Pilipinas kept interest rates unchanged at a 16-year high as monetary authorities are looking for a more sustained downward trend in inflation......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»
NEWS BRIEFS | 7 June 2024
NPC to Balo-i residents: avoid banks of Agus River starting June 13 The National Power Corporation (NPC) has warned residents of Balo-i town in Lanao del Norte to avoid the banks of Agus River beginning on June 13 when it will start repairs of its 158.1 megawatt Agus 4 hydroelectric power plant. In a statement […].....»»
PDIC recommends depositing in banks than e-wallets for better security
The Philippine Deposit Insurance Corp. is encouraging Filipinos to recognize the personal and national value of depositing in banks for better financial security......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»