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BSP keeps interest rates steady
The Bangko Sentral ng Pilipinas said yesterday that its Monetary Board decided to keep rates steady. In doing so, the BSP said that inflationary risks “continue to lean toward the upside”, but that its latest forecasts showed that “inflation would settle close to the upper-end of the target range.”.....»»
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......»»
Positive foreign, local news buoy stocks
The stock market bounced back on positive cues abroad coupled with expectations on earlier interest rate cuts......»»
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......»»
The week ahead
While we had the OceanaGold PH IPO yesterday, the biggest waves will be made on Thursday when the Bangko Sentral ng Pilipinas meets to evaluate our interest rate situation......»»
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. .....»»
Landbank income improves by 11 percent in Q1
The net income of state-run Land Bank of the Philippines increased by 11 percent to P12 billion in the first quarter from P10.8 billion in the same quarter last year, mainly driven by high interest income from loans......»»
Citi sees shallow rate cuts in 2024, 2025
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»
House backs Comelec plan to ban substitution by withdrawal
Administration lawmakers have expressed support for the plan of the Commission on Elections to prohibit candidates from taking advantage of substitution by means of withdrawal of their certificate of candidacy and advancing their personal interest......»»
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.....»»
A drought and famine for solutions
For several decades now, I have had an interest in solar power for residential and recreational applications......»»
PHLPost to bring Guinness pope stamps on roadshow
he Philippine Postal Corp. (PHLPost) is planning to bring the Guinness World Records’ largest collection of Pope Stamp Exhibit to the Visayas and Mindanao to spur interest in philately......»»
More banks keen on green financing – BSP
More banks in the Philippines have expressed interest to finance green and sustainable projects in the country amid the need to fund efforts that would mitigate impacts of climate change......»»
Explainer: Serious illegal detention for ransom, what is it?
CEBU CITY, Philippines – In a ruling on Thursday, May 2, 2024, the Taguig City Regional Trial Court (RTC) delivered a verdict that stirred the nation’s interest in the 10-year legal case involving a prominent celebrity. Businessman Cedric Lee, model Deniece Cornejo, Ferdinand Guerrero, and Simeon Palma Raz were found guilty beyond reasonable doubt of.....»»
POIs identified in Panabo blast
THE Police Regional Office-Davao Region (PRO-Davao) confirmed on Thursday, May 2, 2024, that the Panabo City Police Station has identified possible persons of interest (POIs) in last week’s explosion in Panabo City, Davao del Norte, on Wednesday night, April 24......»»
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......»»
The Daily Guardian: The Companies Expected to Power the AI Boom
Investors are shifting their focus towards the artificial intelligence market, with a particular interest in the typically overlooked utilities sector. This unconventional approach is surprising.....»»
Boss Toyo backs plan of Yogi Ruiz to run for Cebu City mayor
LAPU-LAPU CITY, Cebu- A group of vloggers and social media influencers gathered in Cebu City Saturday night to show their support for former Bureau of Customs (BOC) Commissioner Yogi Ruiz, who has expressed his interest to run for mayor in Cebu City in next year’s election. The group was led by Boss Toyo or Jayson.....»»
2 POIs considered in live-in partners’ death
THE Davao City Police Office is considering two persons of interest (POIs) on the recent deaths of the live-in partner who were separately discovered lifeless in their rented condominium at Daang Maharlika, Bajada, Davao City on Sunday, April 21......»»
Romeo Lumagui: Beyond taxes
Whether it’s a selfie, an autograph or a video greeting — the country’s top taxman willingly obliges as he tries to bring the difficult yet necessary concept of tax closer to Filipinos. There is a running joke that in every administration, only one or two government officials will have a more appealing look that would often pique the public’s interest beyond their official job description......»»