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Maybe no Fed rate cuts in FY24?

A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025......»»

Category: financeSource:  philstarRelated NewsApr 19th, 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

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

UPCAT set for August 10 to 11

The University of the Philippines will hold the 2025 UP College Admission Test in August, its Office of Admissions announced yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2024

DHVSU San Fdo campus to open this August: Dong

DHVSU San Fdo campus to open this August: Dong.....»»

Category: newsSource:  sunstarRelated NewsJan 22nd, 2024

Former SB member hacked to death in Mabinay, Negros Oriental

CEBU CITY, Philippines – A former Sangguniang Bayan (SB) member in Mabinay town in Negros Oriental was hacked to death while riding his motorcycle on Tuesday morning, April 16. The hacking incident happened in Brgy. Paniabonan in Mabinay town at around 8:40 a.m. on Tuesday. Police identified the victim as a former member SB member,.....»»

Category: newsSource:  inquirerRelated NewsApr 16th, 2024

Prices expected to remain elevated until Q3

The Bangko Sentral ng Pilipinas sees inflation quickening further and staying above the two to four percent target until the third quarter due to the negative impact of weather conditions on agricultural production......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

First rate cut likely 25 basis points - The Manila Times

MONETARY authorities will cut key interest rates by 25 basis points (bps) once inflation settles around the midpoint of the target range, the chief of the Bangko Sentral ng Pilipinas (BSP) said. "Right now, if we ease, it will just be 25 basis points. But we'll see," central bank Governor Eli Remolona Jr. told reporters on Monday. "Anything more than 25 [bps], it's like there's a recession alrea.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

Higher rates force government to cut down T-bond award

The government barely raised half of its target long-term securities yesterday as rates picked up, allowing it to borrow only P11.5 billion from the debt market......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

BSP seen to cut rates by 100 bps this year

The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

BSP may cut rates by mid-2024

The Bangko Sentral ng Pilipinas may start cutting interest rates as early as June this year, according to economists......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

T-bill rates up across the board

The government has cut its two consecutive weeks of increased borrowing from local investors, returning within the regular program for short-term debts as rates went up across the board......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Moody’s, Fitch research arms see rate cuts in 2nd half

The research units of the Moody’s and Fitch Group expect the Bangko Sentral ng Pilipinas to cut rates in the second half , reversing a tightening cycle that saw key policy rates rise by 450 basis points......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Randy nangungulila pa rin sa namatay na anak after 7 years: Napakasakit

KAHIT pitong taon na ang nakalilipas mula nang mamatay ang kanyang anak ay ramdam na ramdam pa rin ni Randy Santiago ang sakit at pangungulila. Pumanaw ang anak niyang si Ryan noong August, 2017 sa edad na 24 dahil sa kanyang karamdaman. Ayon sa singer-director, until now ay  dama pa rin ni Randy ang kirot.....»»

Category: newsSource:  philstarRelated NewsApr 9th, 2024

Rice inflation to remain elevated until August – DA

“This is the result of the engagements of President Marcos and Agriculture Secretary Francisco Tiu Laurel last year with the importers to bring in supply in preparation for El Niño.”.....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

PhilHealth defends contribution rates

Defending its current contribution rates, the Philippine Health Insurance Corp. yesterday said PhilHealth’s existing premium contribution rates are based on what is mandated by law......»»

Category: newsSource:  philstarRelated NewsMay 16th, 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

PNP chief: No need for new war on drugs

Newly installed Philippine National Police chief Gen. Rommel Francisco Marbil sees no need to declare a war on drugs for the country to achieve drug-free status......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024