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‘Higher interest rates are here to stay’
The Bangko Sentral ng Pilipinas is likely to hold on to higher rates for a little longer, moving in lockstep with the US Federal Reserve and the rest of the central banks globally......»»
Strong GDP expansion gives BSP room to further hike rates
he impressive economic growth posted by the Philippines in 2023 will give the Bangko Sentral ng Pilipinas more space to further raise interest rates in case of shocks, according to economists......»»
BSP seen to start rate cuts in August
The Bangko Sentral ng Pilipinas could start slashing interest rates in August this year until the first quarter of 2025 after keeping key rates elevated for a longer period of time, Nomura Global Markets Research said......»»
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.....»»
DavNor tourism dips; new Senate probe on power outages pressed
A GOVERNMENT agency has noted that the usual strong inflow of tourists in Davao del Norte still needs to be seen deep into the summer season......»»
Ando keeps fire burning
Elreen Ando bagged a pair of silver medals in the Asian Weightlifting Championships in Tashkent, Uzbekistan last Monday and pressed her drive for a berth to this year’s Paris Olympics......»»
Hotshots pressed to score equalizer
Magnolia stands on unfamiliar territory heading into Game 2 of the PBA Season 48 Commissioner’s Cup finals......»»
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......»»
DTI allows manufacturers to downsize certain goods to offset rising costs
MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant Secretary Amanda Marie Nograles explained during the televised Bangon Pilipinas briefing that the DTI permitted this adjustment for.....»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Government sets P585 billion borrowings in Q2
The government is set to borrow P585 billion from the domestic market in the second quarter amid hopes of more favorable interest rates here and abroad......»»
Bank lending picks up pace in January
Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»
Economy grew by 5.6% in 2023
The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»
Bond issuances decline by 53 percent in 2023
Government and corporate bond issues tumbled by more than half last year amid a challenging environment including high interest rates......»»
Big-time oil price hike amid Holy week exodus
Big-time oil price hike amid Holy week exodus.....»»
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......»»
Karapatan n ya ‘yan : Ogie Diaz no hard feelings vs Bea Alonzo despite Cyber Libel case
Veteran showbiz reporter Ogie Diaz revealed that he has no hard feelings against Bea Alonzo after she filed Cyber Libel cases against him and his co-hosts. .....»»
Billie Eilish announces new album Hit Me Hard and Soft, will have no singles
Award-winning singer-songwriter Billie Eilish announced her third album "Hit Me Hard and Soft" will drop in full on May 17......»»
Billie Eilish announces new album Hit Me Hard and Soft, will have no singles
Award-winning singer-songwriter Billie Eilish announced her third album "Hit Me Hard and Soft" will drop in full on May 17......»»