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Stocks slip as sooner-to-come US rate cuts wane

Local stocks slipped to end the week in the red following negative cues from the US markets......»»

Category: financeSource: philstar philstarMay 24th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2024

Faster inflation could delay interest rate cuts – BDO

Faster inflation could delay monetary policy rate cuts from the Bangko Sentral ng Pilipinas , according to an official from BDO Trusts and Investments, the investment arm of BDO Unibank Inc......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Gradual BSP rate cuts likely by Q3

The Bangko Sentral ng Pilipinas is expected to make gradual interest rate cuts starting in the third quarter of the year, according to global banking giant Citi......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2024

Market falls amid worries over rate cuts, China growth

Share prices ended in the red for a third session after another dour day across global markets, fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialize due to stubbornly high inflation......»»

Category: financeSource:  philstarRelated NewsJan 18th, 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......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Maybe no Fed rate cuts in FY24?

A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2024

Stocks slip on profit-taking

The stock market fell for a second consecutive session yesterday as investors stayed mostly on the sidelines ahead of the release of the country’s gross domestic product......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

Positive foreign, local news buoy stocks

The stock market bounced back on positive cues abroad coupled with expectations on earlier interest rate cuts......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2024

Philippines inflation rate slows to 2.8 pct in January

MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»

Category: newsSource:  manilanewsRelated NewsFeb 6th, 2024

‘Early rate cut to boost economy’

Interest rate cuts in the second half will likely boost economic and investment activity in the Philippines, providing some relief to borrowers who have been bearing the weight of restrictive monetary policy, according to ING Bank......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2024

Shares gain anew on rate cut hopes

The stock market advanced for a second consecutive session yesterday, buoyed by indications that the vs Federal Reserve will make interest rate cuts later this year......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Federal Reserve Chair Jerome Powell discusses interest rate cut timeline | The Daily Guardia

Federal Reserve Chair Jerome Powell has declared that interest rate cuts are improbable in the coming months, despite a robust economy and declining inflation. The.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 5th, 2024

Fuel price cuts continue

Fuel price cuts continue.....»»

Category: sportsSource:  abscbnRelated NewsMay 13th, 2024

Household cuts rice consumption

Household cuts rice consumption.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024

Emily in Paris season 4 premiere dates unveiled

Washington [US], May 4 (ANI): Get ready to pack your virtual bags because 'Emily in Paris' fans are in for a treat with the revelation of the premiere dates for the highly anticipated season four of the Netflix hit series. Brace yourselves, because the city of love is beckoning you back sooner than anticipated, with part one of the season scheduled to debut on August 15, followed by part two on September 12. The news was.....»»

Category: newsSource:  manilanewsRelated NewsMay 5th, 2024

PSC confident WADA issue resolved soon

The Philippine Sports Commission is extremely confident the brewing issue with the World Anti-Doping Agency, which has placed the country under threat of suspension from international competitions, will be resolved sooner than expected......»»

Category: sportsSource:  philstarRelated NewsFeb 21st, 2024

Traffic rerouted on Osmeña Blvd to remove skywalks affected by Cebu BRT project

The CCTO says they initially planned to close the road next week, but had to do it sooner to prioritize safety.....»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2024

Why are meme stocks rallying again?

Here is what you need to know about the recent surge in meme stocks.....»»

Category: newsSource:  rapplerRelated NewsJun 7th, 2024

Soaring US Treasury yields pummel Philippines stocks, peso

Local stocks continued their slump, sinking the market to the 6,300 territory as the peso retreated to another 18-month low against the dollar......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2024