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BPBL Season 2 CV Finals: SHS-AdC Magis Eagles now 3-0, closing in for 16-U title
CEBU CITY, Philippines — The Sacred Heart School-Ateneo de Cebu (SHS-AdC) Magis Eagles pulled themselves closer to winning the 16-under division title of the Batang Pilipinas Basketball League (BPBL) Season 2 Central Visayas Finals. This as the Magis Eagles logged an unbeaten 3-0 (win-loss) record after finishing the second day of the tournament held in.....»»
Make a Difference
Are You Connected? “Yes, I am the vine; you are the branches. Those who remain in me, and I in them, will produce much fruit. For apart from me you can do nothing.” – John 15:5 (NLT) Jesus had spent three years with His disciples, and their time together was closing. He told them about […].....»»
Tourist arrivals seen to breach pre-COVID-19 levels
The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions......»»
PCC clears Aboitiz purchase of local Coca-Cola company
The Philippine Competition Commission has cleared the Aboitiz Group’s acquisition of Coca-Cola Beverages Philippines Inc., paving way for the closing of the transaction by the end of the month......»»
Ayala Land sells P5.6-B worth of AREIT in discount block sale
Ayala Land disclosed that it sold 181 million shares of its subsidiary, AREIT, at P31.10/share which was a 7.2% discount to the previous day’s closing price......»»
Katy’s Farm-AGAP rules Lipa Barako Golf
Katy’s Farm-AGAP 1 finished with 95 points for a closing 189 to claim the first Lipa City Fiesta Barako Golf championship division title at the Summit Point Golf and Country Club......»»
Malixi triumphs from Down Under, tops Aussie Master of the Amateurs by 1
Rianne Malixi, who faced a winless campaign abroad last year, kicked off the new season with a victory in Melbourne, repelling India’s Avani Prashanth in the stretch to secure the Australian Master of the Amateurs Championship crown by one on a closing 69 at the Southern Golf Club in Braeside Friday......»»
Inflation likely stayed elevated in May – BSP
Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range in May, possibly breaching the two to four percent target for the first time in six months, according to the Bangko Sentral ng Pilipinas (BSP)......»»
Fuel prices seen to increase next week
Pump prices of fuel products are set to increase again next week due to the weaker peso and production cuts in the global oil market, according to the forecast of the Department of Energy (DOE)......»»
Stocks end with second straight loss
The stock market closed lower for a second day as investors remained cautious due to the weakening of the peso......»»
Peso Weakens to P58.27 Against US Dollar, Weakest Since November 2022
The peso continued to weaken to PHP58.27 against the US Dollar last Tuesday, May 22, 2024 — the lowest since November 2022. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said in a statement that the depreciation is in line with other currencies in the region, mainly due to the strengthening of the US […].....»»
Peso slide pulls down market
The peso’s slide pulled down share prices yesterday following a strong opening at the start of the week......»»
Treasury sells P22.7 billion T-bonds on partial award
The government managed to raise P22.7 billion in a fresh issuance of long-term securities as rates picked up after the peso slid to an almost two-year low......»»
Analysts mixed on timing of BSP rate cut
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso......»»
Moody’s: BSP rate cut could start in August
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»
Bank of Commerce raises P6.57 billion from bond offering
San Miguel-led Bank of Commerce has raised P6.57 billion in its second foray into the domestic debt market, as institutional and retail investors swarmed its peso bond offering......»»
PH Inflation Expected to Range Between 3.5% to 4.3% in April: BSP
Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the inflation rate could be at 3.5% to 4.3%. BSP said in a Facebook post that this upward trend is caused by the increasing prices of essential goods and gasoline prices, as well as the depreciation of the peso. “The BSP projects April 2024 inflation to […].....»»
BSP’s ample dollar reserves to keep peso at bay – Nomura
The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»
Over 2 mln foreign tourists arrive in Philippines since January
MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»