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BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
DavNor posts lowest Dec 2023 inflation rate in Davao region
DavNor posts lowest Dec 2023 inflation rate in Davao region.....»»
Market falls amid worries over rate cuts, China growth
Share prices ended in the red for a third session after another dour day across global markets, fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialize due to stubbornly high inflation......»»
Pag-IBIG rate increase gets FFW’s support
Pag-IBIG Fund secured the support of the Federation of Free Workers, one of the country’s top labor organizations, in its plan to increase the nearly four-decade-old mandatory monthly savings rate for both members and their employers starting January 2024, officials said Monday......»»
Capitol OKs cutting down Poro’s trees but…
CEBU CITY, Philippines — Despite calls from concerned residents and a parish church, the Cebu Provincial Government has given the go-signal to cut down trees that stood in the way for its road widening project in Poro, Camotes Island. However, instead of the initially estimated 700 trees, the provincial government and the assigned contractor have.....»»
Saso trips but stays in 3rd
Fil-Japanese Yuka Saso slowed down with a one-over 71 but stayed in the Top 3 at the halfway mark of the US Women’s Open Friday in Lancaster, Pennsylvania......»»
Search for missing labor activist expands in 1st month of disappearance
It has been more than a month since his disappearance but Lariosa remains missing. The effect of his abduction rippled down to other organizers in the Southern Mindanao region. The United Nations (UN) has identified that enforced disappearance is a frequently used strategy to spread terror, not only to the close relatives of the disappeared but also to their communities. The post Search for missing labor activist expands in 1st month of disappearance appeared first on Bulatlat......»»
Saso falters at the finish, settles for 70
Yuka Saso surged forward on moving day but encountered setbacks down the stretch, carding a 70 Saturday (Sunday Manila time) to all but bow out of contention in the Chevron Championship heading to a wild finish at the Woodlands in Texas......»»
Unwell King Charles absent, but still very much in the picture
LONDON – Britain’s King Charles will on Monday miss the first major royal event since his cancer diagnosis, but there is no sign of the monarch vanishing from public view let alone contemplating stepping down from his role, experts say. King Charles, 75, has been forced to postpone all public engagements since Buckingham Palace revealed.....»»
Rice inflation rate slowed down in May 2024 — PSA
The Philippine Statistics Authority reported a slow growth in rice inflation between April and May 2024, as well as a slight decrease in its retail prices......»»
Shares down amid dimming US rate cut hopes
The stock market fell in the red for a second straight session following negative cues from the US markets overnight......»»
Death toll from fishing boat fire in Philippines rises to 6
MANILA, June 6 (Xinhua) -- The death toll from the fire that broke out on a fishing boat in the central Philippines late Wednesday night has risen to six, the Philippine Coast Guard (PCG) said Thursday. In a statement, the PCG said six bodies had been recovered and that six other people survived the accident. Of the six survivors, one is in critical condition due to a third-degree burn. The boat caught fi.....»»
Death toll from fishing boat fire in Philippines rises to 6
MANILA, June 6 (Xinhua) -- The death toll from the fire that broke out on a fishing boat in the central Philippines late Wednesday night has risen to six, the Philippine Coast Guard (PCG) said Thursday. In a statement, the PCG said six bodies had been recovered and that six other people survived the accident. Of the six survivors, one is in critical condition due to a third-degree burn. The boat caught fi.....»»
Singson rises above challenges to lead in China LPGA
Mafy Singson overcame numerous challenges – emotional stress, lack of practice and a shaky start – to fire a stunning 68, finding herself the bewildered leader after 18 holes of the Golf Liquor Guangdong Women’s Open......»»
Ormoc City fishing town fears displacement as ‘mega city’ rises
Fisherfolk and environmentalists oppose an P80-million township by Premium Lands Corporation, fearing it will devastate their homes, livelihood, and local biodiversity.....»»
‘The sun also rises in the North’
As soon as I opened my car window when I reached the driveway of the main lobby of the newly opened Solaire Resort North to ask the hotel staff where to park, I caught a whiff of Solaire Resort’s signature scent, a citrus fragrance of sorts......»»
Philippines healthcare worker gap rises to 190,000
MANILA, May 22 (Xinhua) -- The number of healthcare workers shortage in the Philippines has risen to 190,000 even as the Southeast Asian country continues to export health workers, Philippine Health Secretary Teodoro Herbosa said on Wednesday. Herbosa said the healthcare workers include doctors, nurses, midwives, dentists, physical therapists, medical technologists, laboratory technicians, and radiologic technol.....»»
Government infrastructure spending rises to P220 billion in Q1
The government increased its infrastructure spending to almost P220 billion in the first quarter, mainly to finance road and defense projects, the Department of Budget and Management said......»»