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Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
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......»»
Market slips ahead of US Fed meeting
Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»
T-bill rates ease ahead of Fed meet
Rates for the government’s short-term securities eased for the second straight week ahead of the monetary policy decision of the US Federal Reserve......»»
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......»»
Last ride? You can still bike, run in La Mesa watershed soon
La Mesa Nature Reserve and Ecopark are expected to reopen in March. Park rangers will be absorbed under new management......»»
‘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......»»
ABS-CBN Foundation ends 25-year stewardship of La Mesa Watershed
The La Mesa Nature Reserve and La Mesa Ecopark will temporarily be closed to the public starting Monday, February 12, as ABS-CBN Foundation turns over management to MWSS.....»»
Xinhua world economic news summary at 0900 GMT, Feb. 6
SINGAPORE -- Singapore's fintech sector amassed total funding of 2.2 billion U.S. dollars in 2023, a 68 percent decline compared to 2022, according to a report issued by accountancy giant KPMG Tuesday. Deal activity also saw a sharp drop, halving to 189 in 2023 from the previous year, the report said. (Singapore-Economy-Investment) - - - - SYDNEY -- The Reserve Bank of Australia (RBA) on Tuesday ke.....»»
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......»»
‘Martilyo’ boys deliver for SMB
San Miguel Beer reserve Don Trollano isn’t backing down from his job of coming off the bench to provide instant offense and tough defense......»»
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.....»»
865 soldiers, 400 cadets help secure Sinulog
Up to 865 soldiers and 400 cadets of the Reserve Officers Training Corps will be deployed in Cebu City to help secure the month-long Sinulog Festival, the Armed Forces of the Philippines said yesterday......»»
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......»»
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......»»