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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.....»»
PBBM to help farmers affected by El Niño in Davao Region
DAVAO CITY (MindaNews / 6 June)—President Ferdinand “Bongbong” Marcos Jr. assured on Thursday that the national government will help the farmers who are severely affected by the onslaught of El Niño in Davao Region. During his speech at the distribution of presidential assistance to farmers, fisherfolk, and families at the Davao del Norte Sports Complex […].....»»
At Least 2 Killed in Houthi Strike on Commercial Ship
pentagon - An anti-ship ballistic missile launched Wednesday from Houthi-controlled territory in Yemen killed two crew members on a commercial vessel in the Gulf of Aden, media reports said. It was the first fatal strike by Iran-backed Houthi militants since the onslaught on international shipping lanes began in mid-November.Three defense officials, who spoke to VOA on condition of anonymity, said the Houthi mis.....»»
3 Killed, 4 Hurt in Houthi Strike on Commercial Ship
pentagon - An anti-ship ballistic missile launched Wednesday from Houthi-controlled territory in Yemen killed three crew members on a commercial vessel in the Gulf of Aden, U.S. Central Command said in a statement.It was the first fatal strike by Iran-backed Houthi militants since the onslaught on international shipping lanes began in mid-November. It was the fifth such missile fired by the Houthis in two days,.....»»
Boatwright scoring onslaught continues as streaking San Miguel reaches semis
Import Bennie Boatwright breaches the 40-point plateau for the third straight game to lift San Miguel past Rain or Shine in the quarterfinals.....»»
CTTMO heightens 20-sec rule for PUVs
The City Transport and Traffic Management Office (CTTMO) in Davao City is intensifying the enforcement of the 20-second rule for public utility vehicles (PUVs) in loading/non-loading areas to alleviate traffic congestion during peak hours. CTTMO Head Dionisio Abude announced that 36 new traffic personnel will be assigned to monitor yellow boxes and ensure that PUVs, particularly jeepneys, do not exceed the 20-second limit in designated areas. Violators will be issued citation tickets for disregarding traffic signs, and those with expired or fake PUV IDs will face penalties. Additionally, the CTTMO is increasing efforts to curb illegally parked cars and urging drivers to keep intersections clear. These measures, along with the enforcement of the new speed limit policy, aim to promote safe and orderly traffic. Abude emphasized the importance of motorists' cooperation in respecting traffic rules and regulations for a disciplined and courteous driving environment......»»
Davao City expects 200K visitors for ‘Duaw Davao’
DAVAO CITY (MindaNews / 5 June)—The local government of Davao City expects 200,000 visitors during the first-ever “Duaw Davao Festival” from June 21 to 30, an executive of the City Tourism Office said on Wednesday. During the “Wednesdays Media Forum at Habi at Kape,” Joanna Ricci Alajar, tourism relations officer, said that the 10-day event […].....»»
Meralco expects higher sales in Q2
Manila Electric Co. (Meralco) expects its sales to grow by six to eight percent from April to June, according to chief commercial officer Ferdinand Geluz......»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
Shares rebound as May inflation stays within target
The stock market bounced back after a major sell-off the previous day as investors stayed positive despite higher inflation rate announced in May......»»
75% dissatisfied with government effort vs inflation – poll
Despite the easing inflation reported in recent months, three in every four Filipinos now say they are dissatisfied with the government’s efforts to control the rising cost of basic commodities, a recent survey conducted by the OCTA Research group showed......»»
Poll: Pinoys still most concerned with inflation
Seven in 10 Filipinos have identified inflation as among their most urgent national concerns, a recent survey conducted by Pulse Asia showed......»»
Consumer groups lament unprecedented rice inflation
The Rice Liberalization Law has been in place for five years. Still, market prices have yet to drop to P25 per kilo, affecting farmers and consumers. The post Consumer groups lament unprecedented rice inflation appeared first on Bulatlat......»»
Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
February inflation quickened to 3.4% y/y
The Philippine Statistics Authority said that Philippine inflation for February quickened to 3.4% y/y, up from January’s 2.8% y/y increase......»»
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.....»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
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......»»