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Shares rebound as May inflation stays within target
The stock market bounced back after a major sell-off the previous day as investors stayed positive despite higher inflation rate announced in May......»»
Philippine inflation rate slightly rises to 3.9 pct in May
MANILA, June 5 (Xinhua) -- The Philippines' inflation rate rose up to 3.9 percent in May from 3.8 percent in April, the Philippine Statistics Authority (PSA) said on Wednesday. The May inflation rate brings the national average in the first five months to 3.5 percent. In a news conference, PSA chief Dennis Mapa said the uptick in overall inflation in May was primarily influenced by the higher year-on-year.....»»
Philippines tallies 169 rabies cases, 160 deaths since January 2024
MANILA, June 5 (Xinhua) -- The Philippines has tallied 169 human rabies cases and 160 deaths from January to May this year, the government said Wednesday. The country's Department of Health (DOH) said the number of cases this year is 13 percent higher than the 150 cases recorded in the same period last year. Over 90 percent of the cases contracted the virus from dog bites, while around 6 percent from cat.....»»
Groups oppose QC judge’s bid for associate justice due to activist arrests
Several groups have opposed a Quezon City Regional Trial Court judge's candidacy for higher court and Office of the Ombudsman positions......»»
Inflation climbs to 3.9% in May due to higher transpo, electricity prices
The country's inflation rate rose to 3.9% in May 2024 due to increased transportation and electricity costs, according to the Philippine Statistics Authority......»»
Philippines foreign investments yield net outflows in April
MANILA, June 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 312 million U.S. dollars in April, the Philippine central bank said Friday night. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in April, higher than the 236 million dollars net outflows recorded in March, resulted from the 1.2 billion dollars in gross outflows and 914 million dollars in gross.....»»
BSP may need to tighten if inflation surges – HSBC
“Policymakers would then need to tighten the monetary reins even further if inflation were to surge in the future, supporting our view that, when the dust settles, monetary policy in the Philippines will likely be higher for longer.”.....»»
GSMI income shrinks sans one-time gain
Earnings of Ginebra San Miguel Inc., the hard liquor unit of San Miguel Corp., declined in the first quarter despite higher revenues on the absence of a one-time gain......»»
EastWest Bank sees sustained profit gains
Gotianun-led East West Banking Corp. is targeting to sustain its double-digit income growth this year as it expects higher consumer loan demand, according to its top official......»»
DoF Secretary: Rates to come down maybe 150 bps in the next two years
Department of Finance Secretary Ralph Recto (link) said that he doesn’t “expect interest rates to go any higher”, and that “they will start to go down, maybe 150 bps in the next two years”......»»
Don’t Know What to Do with Your Savings? Park Them in a Digital Bank (For Now)
Saving money is a fantastic habit, but what to do with that growing pile of cash can be a dilemma. While investing can offer potentially higher returns, it also comes with inherent risks. But what if you don’t even know where to invest it in the first place? For those looking for a safe haven […].....»»
Alas spikers wow hometown crowd
Displaying incredible grit, Alas Pilipinas tamed a higher-ranked India, 22-25, 25-21, 25-17, 25-18, last night to continue its surge in the AVC Women’s Challenge Cup before another sellout crowd at the Rizal Memorial Coliseum......»»
LBC back in the red on higher debt payments
Courier giant LBC Express Holdings Inc. sank in the red in the first quarter as it paid loans acquired in the latter half of 2023 and took on new debts to fund capital expenditures......»»
Power prices sizzle on higher demand
The average spot market prices in Luzon and Mindanao rose so far this month as sticky high heat indexes pushed up demand, according to the Independent Electricity Market Operator of the Philippines......»»
High enrollment boosts STI earnings in 9 months
STI Education Systems Holdings Inc., the owner of the largest network of private schools in the country, saw its earnings nearly double in the nine-month period ending March on the back of higher enrollment numbers during its current academic year......»»
Philippines posts 639 mln USD deficit in April
MANILA, May 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a deficit of 639 million U.S. dollars in April, higher than the 148 million dollars BOP deficit recorded a year ago, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in April reflected outflows arising mainly from the national government's net foreign currency withdrawals from th.....»»
Down to Final Four
Out of 30 teams to start the season, only four are left standing in the NBA playoffs with five higher seeds eliminated in upsets......»»
Pag-IBIG members save record P28 billion in 3 months
Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached a record P28.75 billion in the first quarter, allowing the agency to finance the higher demand for home loans......»»
Artificial intelligence
Dr. Chichoy Carabuena had a problem. He wanted the school he owned and ran – the Generoso Carabuena Academy of Pedagogy in Santa Vicenta – to place higher in both national and international rankings, partly so he could raise tuition fees and also so he could claim bragging rights among his university-president friends and drinking buddies. He had inherited the school from his grandfather; Generoso Carabuena was a banker who had collaborated with the Japanese and stolen the money they left behind to open a school for teachers, which was his wife’s dream, becoming a war hero in the process for outsmarting the enemy......»»
Philippines to save P16 billion annually from higher ethanol blend
Increasing the ethanol blend in gasoline products from 10 percent to 20 percent could cut fuel prices by as much as four percent, resulting in as much as P16 billion in annual savings for Filipino vehicle owners, according to the United States Department of Agriculture-Foreign Agricultural Service......»»