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New Delhi raises target for defense exports

India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

SSS Surpass 2023 Revenue Target by 9.5%

The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 21st, 2024

US Federal Reserve holds rates steady

The US Federal Reserve decided to keep rates the same for the sixth straight time, and more importantly, gave no indication as to when it might “pivot” and begin to cut interest rates......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2024

Power rates down by P0.37/kWh for Feb-Mar billing

High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»

Category: newsSource:  inquirerRelated NewsFeb 14th, 2024

Power rates expected to rise because of El Niño

DAVAO CITY (MindaNews / 17 January)—Expect possible increasing power rates throughout the year amid the anticipated El Niño phenomenon in the country, an official from the Department of Energy (DOE)-Mindanao said. Engr. Darwin P. Galang, DOE-Mindanao senior science research specialist, said the anticipated increasing power rates can be possibly El Niño-related, with 26 percent of […].....»»

Category: newsSource:  mindanewsRelated NewsJan 19th, 2024

Inflation likely breached upper 4 percent target in April

Headline inflation is expected to settle within the range of 3.5 to 4.3 percent in April, from a three-month high of 3.7 percent in March, possibly breaching the upper four percent target of the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Gov t cuts growth target to 6%-7% — NEDA

In a press briefing with the members of the press on Thursday, Balisacan said that the country's economic growth target had been revised following a careful consideration of factors such as the global economic slowdown, rising oil prices and inflation trends......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

Economy grew by 5.6% in 2023

The Philippine economy expanded at a slower pace in 2023 than the previous year, falling below the government’s growth target amid high inflation and interest rates that affected consumption......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

BSP keeps policy rates anew

By Joann Santiago MANILA, Dec. 17 (PNA) — Philippine monetary officials on Thursday maintained the Bangko Sentral ng Pilipinas’ (BSP) key rates after noting that inflation dynamics and risks to the outlook........»»

Category: newsSource:  philippinestodaRelated NewsApr 13th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

T-bills upsized to P17 billion on lower rates

The government upsized its short-term securities to P17 billion as rates slipped across the board ahead of the inflation data release later this week......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

T-bill rates ease as demand swells

Demand for the government’s short-term securities rose to its highest level in three months, with rates slightly going down even after inflation quickened anew in February......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

Government fully awards P30 billion T-bonds at higher rates

The government secured P30 billion in long-term securities yesterday but at slightly higher rates after inflation picked up and ended four months of easing......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

‘Volatile inflation to keep rates steady’

Commodity prices in the country will remain volatile for the first semester, prompting the Bangko Sentral ng Pilipinas to keep rates steady and start easing only by June, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

BSP unlikely to cut rates in 1st half

The Bangko Sentral ng Pilipinas is unlikely to cut key policy rates within the first half of the year as it deems it necessary to keep monetary policy settings sufficiently tight in the near term to better anchor inflation expectations and mitigate second-round effects......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

Steph Curry, Warriors kinana 3rd straight win

RUMOLYO sa pangatlong dikit na panalo sina Steph Curry at ang Warriors. The post Steph Curry, Warriors kinana 3rd straight win first appeared on Abante......»»

Category: sportsSource:  abscbnRelated NewsApr 12th, 2024

Bulacan State University developers win 3rd iTHINK Hackathon of Isla Camp

Bulacan State University developers win 3rd iTHINK Hackathon of Isla Camp.....»»

Category: newsSource:  sunstarRelated NewsApr 12th, 2024

Naga City joins 3rd Nationwide Simultaneous Earthquake Drill

Naga City joins 3rd Nationwide Simultaneous Earthquake Drill Vox Bikol Fri, 08/24/2018 - 03:59.....»»

Category: entertainmentSource:  philstarRelated NewsApr 10th, 2024

Davao swimmer Ernie Gawilan secures 3rd Paralympics spot

Davao swimmer Ernie Gawilan secures 3rd Paralympics spot.....»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024