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BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»
Food inflation pumalo sa 5.6%, bigas pinakamataas sipa ng presyo
Ayon kay Philippine Statistics Authority (PSA) Undersecretary Dennis Mapa, nasa 24.4% ang inflation ng bigas nitong Marso at malapit na ito sa all time high na 24.6% na naitala noon pang Pebrero 2009 na 24.6%. The post Food inflation pumalo sa 5.6%, bigas pinakamataas sipa ng presyo first appeared on Abante......»»
The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
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.....»»
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......»»
Is an Inflation Shock Imminent? The Daily Guardian Explores Wall Streets Concerns
Inflation Concerns Rise as Consumer-Price Index Falls Short of Expectations Inflation has been a hot topic of discussion recently, with hopes that the Federal Reserve.....»»
Ruined centuries-old town re-emerges as Philippines dam dries up during heatwave - Philippines
After a long spell of intense heat and little rain, water levels have fallen to reveal parts of a sunken church, tombstones and foundations at Pantabangan Ruins of a centuries-old town have emerged at a dam parched by drought in the northern Philippines. After a prolonged spell of intense heat and little rain, water levels in the dam have fallen to reveal parts of a sunken church, tombstones and the foundations of structu.....»»
World paid little attention to Sudan s war for a year. Now aid groups warn of mass death from hunger
World paid little attention to Sudan s war for a year. Now aid groups warn of mass death from hunger.....»»
‘Little Cardo Dalisay’ in Cebu nabbed, accused of hurting people who did not give alms
CEBU CITY, Philippines — Harvey Cuervo, 19, dubbed as the Little Cardo Dalisay in Cebu, went viral once again. But this time, not for the right reasons. Cuervo is now detained at the Cebu City Police Station after police arrested him on Sunday midnight, March 10, for illegal possession of firearms. READ: Japanese national nabbed.....»»
Victorias welcomes little city officials for Boys and Girls’ Week
Victorias welcomes little city officials for Boys and Girls’ Week.....»»
Utzurrum: What’s picturesque at Little Amsterdam
Utzurrum: What’s picturesque at Little Amsterdam.....»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Mavy Legaspi sees no problem with Darren Espanto, Kyline Alcantara shipping
Kapuso actor Mavy Legaspi sees no problem with former love team partner Kyline Alcantara being "shipped" or teased with Darren Espanto......»»
‘Long ways to go’: Cone still sees room for improvement after Gilas rout
Coach Tim Cone sees both the good and the bad in Gilas Pilipinas' 30-point demolition of Hong Kong at the start of the FIBA Asia Cup Qualifiers.....»»
GCash gets BSP nod to enter Europe, ME
E-wallet leader GCash has received the green light from the Bangko Sentral ng Pilipinas (BSP) to offer financial services to overseas Filipino workers (OFWs) in Europe and the Middle East......»»
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.....»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
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......»»