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BPI sees stronger credit growth
Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas......»»
May, not March
Last Wednesday, equities dropped as Federal Reserve (Fed) Chair Jerome Powell dashed investor hopes for a March rate cut. Last Friday, despite better-than-expected US nonfarm payrolls and robust wage growth which typically usher in higher interest rates, the Dow and the S&P 500 were not deterred from hitting new all-time highs......»»
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......»»
Government to limit debt as new taxes hang
With outstanding debt at a record high, the government may have to go slow with its borrowing spree, at least for now, amid its no new taxes stance and the still elevated interest rate environment......»»
Philippines debt hits record P14.6 trillion
The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
Nearly 50,000 UK businesses on verge of collapse - report
Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a "debt storm" triggered by a series of interest rate hikes, a report from a group of insolvency specialists re.....»»
BSP seen to start rate cuts in August
The Bangko Sentral ng Pilipinas could start slashing interest rates in August this year until the first quarter of 2025 after keeping key rates elevated for a longer period of time, Nomura Global Markets Research said......»»
Overworked, underpaid workers: The push and pull of achieving liveable wages
Time is ticking for lawmakers to decide on whether or not they will grant an across-the-board increase for minimum wage earners. In the meantime, workers endure overtime hours for salaries that still aren’t enough......»»
Cone mulls shuffling Ginebra starters in Game 5 vs Meralco
Will Tim Cone pull off a Yeng Guiao in the pivotal Game 5 of Barangay Ginebra's PBA Philippine Cup semis series against Meralco?.....»»
AllDay expands despite Q1 challenges
Villar-led mid-premium supermarket chain AllDay Supermarket managed to pull through a double-digit increase in profit to start the year despite what it called a “challenging quarter.”.....»»
Beermen need to match Painters’ energy to pull off sweep, says Gallent
On the cusp of sweeping Rain or Shine in the PBA Philippine Cup semifinals, the San Miguel Beermen are aiming to step on the gas and match the Elasto Painters’ energy in Game 4......»»
Saso fights back with 69; Pagdanganan falls
Yuka Saso charged back with a three-under 69 to advance but remained too far off the pace as Swede Madelene Sagstrom and American Rose Zhang delivered impressive rounds to pull away by four halfway through the Cognizant Founders Cup......»»
CVIRAA 2024: Cebu City Niños pull away in medal standings
CEBU CITY, Philippines — Host Cebu City bared its fangs in almost all fronts on Tuesday to seize the lead after three action-packed days of CVIRAA 2024 athletic meet. Struggling in the first two days of competition, the defending champion Cebu City Niños harvested 25 gold medals on the third day of hostilities to boost.....»»
Dyip pump life on last 8 bid
To reignite its PBA Philippine Cup quarterfinals aspirations, Terrafirma needed to pull off something it hasn’t done since 2019 – beat NorthPort......»»
Fuel Masters pull it off
Without a prolific all-around player like former import Johnathan Williams in its arsenal, Phoenix has to do things by committee in the PBA Philippine Cup......»»
Zanjoe and Ria pull off surprise wedding
“In love na in love.”.....»»
Fuel Masters pull away in the 4th vs Dyip for 1st win
The Phoenix Fuel Masters have barged into the win column of the PBA Philippine Cup after using the fourth quarter to run away from the Terrafirma Dyip, 94-78, Wednesday evening at the Philsports Arena in Pasig City......»»
Stocks pull back on inflation impact
Investors yesterday pulled the market back closer to the 6,900 territory, pricing in the impact of inflation landing on the higher end of the target band......»»
UST adds chapter to storied rivalry off shock thriller over La Salle
It’s never easy battling La Salle, yet UST finds a way to pull through in five heart-stopping sets to emerge as the surprise leader and only unbeaten team in the UAAP women’s volleyball tournament.....»»