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Banks reap P92 billion profit in 3 months
Philippine banks turned more profitable in the first quarter, reaping almost three percent higher earnings to P92 billion due to higher net interest income. .....»»
Singapore bank hikes Philippines inflation forecast
DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates higher for longer......»»
Fight vs inflation far from over – BSP
Bangko Sentral ng Pilipinas Governor Eli Remolona said it is too soon to declare victory in the fight against inflation, signaling a higher-for-longer rate environment, as inflationary risks continue to cloud the outlook......»»
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......»»
Inflation halts 4-month decline
Headline inflation may have picked up for the first time in four months in February, mainly driven by higher rice prices and electricity rates, according to a poll of top economists......»»
President Marcos vows to continue mitigating inflation impact
President Marcos has vowed to continue mitigating the impact of higher commodity prices on Filipino households as he welcomed the inflation downtrend recorded last month......»»
Inflation likely to continue downtrend – Global Source
Inflation in the country is likely to continue to slow down, but the Bangko Sentral ng Pilipinas is expected to keep the interest rate higher for longer, according to GlobalSource Partners......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»
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......»»
Moody’s: BSP rate cut could start in August
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
Rice tariff collections hit P30 billion in 2023
Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»
AP Bren secures top seed; Blacklist International edges Smart Omega to catch playoffs bus
Fans were on the edge of their seats over the weekend as the Mobile Legends Bang Professional League (MPL) Philippines held the final weeks of its regular season with everything still left to play — who will get the final playoffs spot and who will secure the upper bracket advantage......»»
Kongkraphan edges Chen, wins ICTSI Luisita Ladies International by 3
In a tense battle amid stifling conditions, PK Kongkraphan continued her dominance on foreign soil by capturing the ICTSI Luisita Ladies International 2024 championship despite a 74......»»
Ababa edges Dutchman in sudden death to cop ICTSI Apo Golf Classic title
Jhonnel Ababa canned in two pressure-packed birdies, the first forcing a playoff and the other clinching the hotly disputed championship over Guido van der Valk in a statement-making win at the ICTSI Apo Golf Classic......»»
Del Monte edges closer to crown, leads by 18
Del Monte all but secured the PAL Seniors Interclub crown with a superb 155-point output, storming away from the pack with a commanding 18-point lead over Canlubang after three rounds of play back at their home turf in Bukidnon Saturday......»»
MCU edges fellow UCAL newcomer PWU
Manila Central University turned back Philippine Women University in the battle of league newcomers, 78-64, in the Universities and Colleges Athletic League-PG Flex Linoleum Season 6......»»
Helterbrand, Canalenta flash vintage forms as Biñan edges Nueva Ecija
Jayjay Helterbrand and KG Canaleta turned back the hands of time and put on a show in front of the local folks as they steered Biñan to a thrilling 96-90 win over previously unbeaten Nueva Ecija in a titanic battle in the PSL President’s Cup......»»
Cha-cha is inclusion
People may not realize it, but Charter change is all about inclusion. It is to mainstream Filipinos who are at society’s rough edges, those denied basic services government is mandated by law and by the Constitution to render or deliver......»»
Next Attraction: Movies, series showing in February 2024
From typical and not-so-typical romantic escapades to much-awaited releases, this month will have everyone clinging to the edges of their seats or beds......»»