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Davao floods, landslides: Affected families climb to 44,888
The number of families affected by floods and landslides in Davao due to heavy rainfall spawned by the shear line has ballooned to 44,888......»»
ADB: Carbon tax has potential in Philippines
The possibility of a carbon tax has potential in the Philippines, but such a measure must be market-driven and appropriate for the needs of a country still heavily reliant on fossil fuels......»»
BSP explores impact of Gen AI in banking
The Bangko Sentral ng Pilipinas is studying the impact of generative artificial intelligence in the banking industry as it seeks to implement some “guardrails” to mitigate potential risks......»»
Strong Residential Sales, Mall and Hotel Revenues Boost Megaworld’s Q1 Profit
Property giant Megaworld, the country’s leading township developer, saw its net income climb to P5.0-billion during the first quarter of 2024, a significant 10% increase from the same period last year. Net income attributable to shareholders of the parent company stood at P4.4-billion, marking an 8% growth year- on-year. Consolidated revenues grew by 16% to […].....»»
Cautious investors end brief market rally
The stock market snapped its brief two-day climb as investors stayed on a wait-and-see mode ahead of the BSP’s policy meeting......»»
Market ends with gains ahead of BSP meeting
The stock market posted minimal gains to climb for a second straight session on sustained bargain hunting......»»
Market expected to sustain uptick
Investors will be on the lookout for positive catalysts this week in a bid to sustain the stock market’s climb last week......»»
Lyceum s Dolorito, Arellano s Sinuto named NCAA volleyball week s best
Lyceum of the Philippines University and Arellano University are on a roll in the NCAA Season 99 volleyball tournaments, thanks to the heroics of two rising players as both squads extended their streaks to climb the ladder in the second week of play......»»
Powerball jackpot soars to a whopping $532M
The Powerball jackpot continues to climb, reaching an estimated $532 million after no tickets matched the winning numbers in the latest drawing on Saturday night......»»
Powerball winning numbers for 03/09/24: Jackpot rises to $521 million
The Powerball jackpot continues to climb, reaching a staggering $521 million for Saturday’s drawing after no jackpot winner in Wednesday’s drawing. The winning numbers for.....»»
Carcueva reigns
Jonel Carcueva was a monster on the Sampaloc climb in capturing his third straight Men’s Elite road race crown in the PhilCycling National Championships for Road 2024 yesterday......»»
BSP leaves interest rates unchanged
The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»
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.....»»
BSP to keep policy stance unchanged
Monetary authorities may keep the benchmark interest rates unchanged in the near term as inflation quickened for the first time in five months, and could accelerate further to above the two to four percent target in the second quarter......»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
BSP keeps policy rate at 6.5%
In the MB’s first policy rate meeting in 2024, the MB held steady at a 6.5% benchmark interest rate as the country’s inflation risks continued to lean on the upside. .....»»
No change in BSP rates
As widely expected, the Bangko Sentral ng Pilipinas kept interest rates unchanged at a 16-year high as monetary authorities are looking for a more sustained downward trend in inflation......»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
BSP seen to keep rates unchanged
The Bangko Sentral ng Pilipinas is likely to leave rates unchanged anew this week as it remains on a hawkish stance despite easing inflation......»»
US inflation, BSP action on investors radar this week
The stock market will attempt to sustain its momentum this week as investors look to get inspiration from upcoming US economic data and the policy rate-setting meeting of the Bangko Sentral ng Pilipinas......»»