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Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
Russian opposition leader Navalny is dead, says prison service
(1st UPDATE) The Federal Penitentiary Service of the Yamalo-Nenets Autonomous District says Alexei Navalny 'felt unwell' after a walk on Friday, and 'almost immediately lost consciousness'.....»»
‘Higher interest rates are here to stay’
The Bangko Sentral ng Pilipinas is likely to hold on to higher rates for a little longer, moving in lockstep with the US Federal Reserve and the rest of the central banks globally......»»
Philippines to take cue from Fed policy
Ahead of the policy meeting next week, the Bangko Sentral ng Pilipinas is likely to follow the steps of the US Federal Reserve as to when high borrowing costs can finally take a breather......»»
T-bill rates up across the board
Rates for the government short-term securities rose across the board in reference to the secondary market after the US Federal Reserve ruled out monetary policy easing anytime soon......»»
May, not March
Last Wednesday, equities dropped as Federal Reserve (Fed) Chair Jerome Powell dashed investor hopes for a March rate cut. Last Friday, despite better-than-expected US nonfarm payrolls and robust wage growth which typically usher in higher interest rates, the Dow and the S&P 500 were not deterred from hitting new all-time highs......»»
January 2024 Jobs Report: 353,000 Jobs Added, Unemployment at 3.7%
Title: Job Market Surges in January, Wages Soar and Unemployment Holds Steady Subtitle: Increased Hiring Boosts Economy, Potential Impact on Federal Reserve’s Monetary Policy Byline:.....»»
T-bond rates up slightly
The government borrowed P30 billion from the domestic debt market at a slightly higher rates ahead of the policy decision of the US Federal Reserve......»»
Quick look at the week ahead
We don’t have any big scheduled news or events coming directly from the PSE or any of its companies this week, but we do have the US Federal Reserve (the “Fed”) decision on US interest rates that we will learn about on Thursday morning......»»
Is an Inflation Shock Imminent? The Daily Guardian Explores Wall Streets Concerns
Inflation Concerns Rise as Consumer-Price Index Falls Short of Expectations Inflation has been a hot topic of discussion recently, with hopes that the Federal Reserve.....»»
US budget deficit tops half a trillion
Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»
Stocks move in step with Asia-wide rally
Local stocks recovered yesterday, moving in step with Asian peers, ahead of US inflation data that could influence the Federal Reserve’s thinking on rate cuts, while the crypto world got a boost after exchange-traded funds to track Bitcoin were approved in the United States......»»
Germany’s top diplomat visits Philippines
German Federal Foreign Minister Annalena Baerbock will arrive in the country today to meet with President Marcos and Foreign Affairs Secretary Enrique Manalo......»»
BSP rate cuts seen in lockstep with US Fed
The Bangko Sentral ng Pilipinas is expected to move in lockstep with the US Federal Reserve as it pivots to an easing cycle after emerging as the most aggressive central bank in the region......»»
Medals overload? DepEd defends award system under K-12
The current awards and recognition system being implemented in elementary and high schools under the Kindergarten to Grade 12 basic education program eases the pressure of competition among learners and encourages them to focus on their own academic growth, an official of the Department of Education said......»»
Barcode system mulled for City public markets
Barcode system mulled for City public markets.....»»
China denounces U.S. deployment of mid-range missile system in Philippines
BEIJING, May 30 (Xinhua) -- A Chinese defense spokesperson on Thursday denounced the deployment of a mid-range missile system by the United States in the Philippines, saying the moves of the two countries have put the whole Asia-Pacific region under the threat of U.S. weaponry. "The Chinese side is highly vigilant against and firmly opposed to this," said spokesperson Wu Qian in response to a media query regardi.....»»
Glitches bug DFA passport appointment system
The government’s passport online appointment system www.passport.gov.ph is currently experiencing technical glitches, the Department of Foreign Affairs said yesterd.....»»
MIAA announces completion of NAIA 3’s electrical system upgrades
GENERAL manager Eric Ines of the Manila International Airport Authority (MIAA) announced the completion of the second phase of the series of scheduled electrical system upgrades at Ninoy Aquino International Airport (NAIA) Terminal 3, which had been running since April 2 last month until May 28, 2024. This, he said. allowed MIAA to conclude the […].....»»
Focus on onboarding Filipinos into formal financial system urged
The Philippines has made significant progress in pushing financial inclusion since 2015, but more work needs to be done in onboarding Filipino adults into the formal financial system, said Queen Maxima of the Netherlands, the UN Secretary General's Special Advocate for Inclusive Finance for Development......»»