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BSP keeps rates on hold as expected
The Bangko Sentral ng Pilipinas hit the pause button for the fifth straight policy meeting as it kept the benchmark interest rates steady yesterday, but it may start cutting borrowing costs as early as August if a sustained downtrend in inflation becomes fully evident......»»
BSP seen to stand pat on policy rates anew
The Bangko Sentral ng Pilipinas is likely to keep interest rates steady today as prices may continue to remain elevated this quarter, but analysts said the central bank may have room to be less hawkish amid easing inflationary pressures......»»
Malixi slips to joint third
Rianne Malixi flourished in an early backside start but faltered with shaky putting in the last 12 holes, ending up with a 72 to fall by four behind a steady Nika Ito halfway through the Australian Master of the Amateurs Championship at the Southern Golf Club in Braeside City in Melbourne Wednesday......»»
Bringing UP to the people
Since it was established in 1908 as a “university for Filipinos,” the University of the Philippines has grown into a system of eight “constituent universities,” each with a certain degree of autonomy but all of them unified by a common vision, shared practices and high academic standards......»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
Keeping the price of rice reasonable and steady
The government decided to propose that the National Food Authority be given the right to import rice and to maintain a buffer stock to assure that the price of rice can be kept more stable......»»
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......»»
Xinhua world economic news summary at 1100 GMT, April 19
CAIRO -- The Egyptian cabinet approved on Thursday the establishment of a special free zone to manufacture, maintain, and export marine yachts to meet standards on par with those of Europe and other international counterparts, according to a government statement. The special free zone, named the Suez Canal Company for Modern Boats, will span 51,150 square meters south of Safaga town along the Red Sea coast, more.....»»
Anchorage sets record for earliest arrival of 100 inches of snow
ANCHORAGE, Alaska — Even by Alaska standards, there is a lot of snow this winter. So much snow has fallen — so far, more than 8.7 feet (2.65 meters) — that roofs on commercial buildings are collapsing around Anchorage and officials are urging residents to break out their shovels to avoid a similar fate at.....»»
Security Bank expects higher profit in 2024
Security Bank Corp. is expecting better profitability this year amid a double-digit growth in its lending business, the bank’s investments in technology as well as its plans to put up more branches......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
BSP approves more changes to forex rules
The Bangko Sentral ng Pilipinas has approved more amendments to its regulations to further facilitate the access of authorized agent banks to foreign exchange resources and streamline documentary requirements, procedures as well as reporting......»»
The Importance of Still Keeping Loose Change
In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»
LTG delivers steady profit
LT Group Inc. of taipan Lucio Tan posted a slight improvement in its profit in the first quarter as strong performances from its banking and beverage units were weighed down by lower earnings contributions from other businesses......»»
With 10,000 jeepneys to be taken off the road, commuters fear undersupply of public transpo
Mobility advocates urged President Ferdinand "Bongbong" Marcos Jr. to ensure a steady supply of public transportation after thousands of jeepneys are expected to stop operations within the month......»»
MPT Mobility’s AACI and Shell Pilipinas Corporation Partnership Secures Safer and Smoother Travels for Shell Go+ Members
The past few years have seen a steady increase in the number of motorists driving through national roads and highways. In line with their vision of road safety and security, Shell Pilipinas Corporation has partnered with AACI (Assist and Assistance Concept Inc.), the newest business division of MPT Mobility, in providing 24/7 nationwide towing and minor roadside assistance […].....»»
BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»