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Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
BSP partners with Baiphil
BSP partners with Baiphil.....»»
BSP boss shines spotlight on insider trading
As reported by the BusinessMirror, BSP Governor Eli Remolona gave a speech at the Manila Polo Club to a meeting of Rotary Club members where he noted the problem of insider trading, citing the specific example of how “nothing moves” when listed companies report overwhelmingly positive earnings because those trades were placed ahead of the announced earnings......»»
COMMENTARY | What happens when supply meets demand: Power-independent Cebu
With ample power resources, Cebu is experiencing transformative infrastructure projects and expanding industries, promising thousands of new jobs and economic growth......»»
Millers buck sugar import proposal
There is no need for sugar importation since the country has ample stocks of sweetener to tide it over during the off-milling season, according to the Philippine Sugar Millers Association......»»
Philippines summons Chinese envoy over South China Sea water cannon attack
New Delhi [India], May 3 (ANI): The Delhi High Court has viewed that there is an urgent need to rehabilitate and relocate the Ghazipur Dairy and Bhalswa Dairy, as they are situated adjacent to the Sanitary Landfill Sites ('SLFS'). The court said that the dairies should be moved to areas where proper sewage, drainage, biogas plants, ample open space for the cattle to move around, and sufficient grazing areas are available......»»
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......»»
Davao Light assured ample power supply despite El Niño
A REPRESENTATIVES from the Davao Light and Power Co., Inc. (Davao Light) said there is enough power supply despite the threat of the El Niño phenomenon......»»
No sugar MAV this year – SRA
The government did not allow the importation of sugar at a lower tariff rate in the current minimum access volume (MAV) year since the country has ample stocks to meet domestic consumption, the Sugar Regulatory Administration said......»»
El Niño starts to dry up wells in Tawi-Tawi island villages
BONGAO, Tawi-Tawi (MindaNews / 8 February)—For the month of January, raindrops in the village of Lumbus in Barangay Mandulan in this town have been scarce and the wells have started to dry up. Young boys usually fetching water had to sit on their empty containers, joining the queue to wait for an ample amount of […].....»»
Sean Manganti turns into unlikely hero for defiant Phoenix
Given ample playing time, Sean Manganti plays his finest game of the PBA Commissioner's Cup to help Phoenix avoid elimination against Magnolia in their semifinal series.....»»
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.....»»
Lagged impact of high rates to take toll on economy – BSP
The lagged effects of monetary policy adjustments last year will continue to take its toll on the economy, with growth likely to fall below government targets anew......»»
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......»»
Marcos confident Eastern Visayas insurgency defeated during his term
President Marcos yesterday expressed optimism that the communist rebellion in Eastern Visayas – a region with areas that have been labeled as insurgency hotbeds – would be defeated within his term......»»
Most Filipino families not reaping long-term gains of preschool education
Parents’ lack of awareness about the long-term gains of preschool education and limited government daycare centers have made most Filipino children lose out on the benefits of early childhood education......»»
Putin is starting his 5th term as president, more in control of Russia than ever
Putin is starting his 5th term as president, more in control of Russia than ever.....»»
Putin on his way to seal 5th term
Putin on his way to seal 5th term.....»»
Bariatric Surgery for Long-Term Blood Glucose Control and Type 2 Diabetes Remission
A recent study supported by the National Institutes of Health has revealed that bariatric surgery may offer better long-term blood glucose control for individuals with.....»»