Rate Hike To Temper Loan Growth Fitch Ratings - Philippines New:: Newsnow.ph

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......»»

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philstarRelated NewsJan 10th, 2024

SSS loan scam tatalupan ng Kamara

Gigisahin ng Kamara de Representantes ang mga opisyal ng Social Security System (SSS) dahil sa loan scam kung saan maraming miyembro ang pinagbabayad ng loan kahit hindi sila nag-file. The post SSS loan scam tatalupan ng Kamara first appeared on Abante......»»

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abanteRelated NewsApr 16th, 2024

S& P: Philippines may miss growth goal this year

S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»

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philstarRelated NewsMar 28th, 2024

2.4M Dabawenyos working as of Oct 2023

The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»

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sunstarRelated NewsJan 30th, 2024

BPI bullish this year amid continued loan growth

After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»

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philstarRelated NewsApr 24th, 2024

House and Senate at an ‘impasse’ after senators take exception with loyalty pledge

Gonzales said on Tuesday that the House “(does) not want a word war” and had sought to “temper” the anger of lawmakers by way of a House resolution expressing their collective stance......»»

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philstarRelated NewsFeb 6th, 2024

NEDA Optimistic on Economic Growth in the PH for 2024

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»

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metrocebuRelated NewsApr 24th, 2024

Water bill to rise but no rate hike

Water bill to rise but no rate hike.....»»

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sunstarRelated NewsFeb 14th, 2024

BSP’s monetary board retains policy rate at 6.5%

This has been the fifth time the MB kept the interest rate since its off-cycle policy rate hike in October 2023 to mitigate supply-side inflation pressures......»»

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philstarRelated NewsMay 16th, 2024

Eat Bulaga ng TVJ pinadapa ng It’s Showtime sa unang pag-ere sa GMA

KINABOG nang bonggang-bongga ng “It’s Showtime” sa ratings game ang “Eat Bulaga” sa naging bakbakan nila nitong nagdaang Sabado, April 6. Waging-wagi ang unang pag-ere ng noontime show ng ABS-CBN sa GMA 7 matapos itong makapagtala ng 9.6% Agrregated Ratings mula sa AGB Neilsen NUTAM (GMA-7, GTV, A2Z, at Kapamilya Channel). Ang “Eat Bulaga” naman.....»»

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