Davao electricity rates rise due to El Niño
RESIDENTIAL consumers of Davao Light and Power Co., Inc. (Davao Light) will see a slight increase of P1.6254 per kilowatt hour (kWh) in the overall power rate for the period of May 11 to June 10, 2024, bringing it to 10.7608 per kWh from last April's P9.1354 per kWh......»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
SMC profit jumps 61% in January-March
Conglomerate San Miguel Corp. reported a 61-percent surge in its net income before accounting for foreign exchange adjustments to P14.5 billion in the first quarter......»»
Positive foreign, local news buoy stocks
The stock market bounced back on positive cues abroad coupled with expectations on earlier interest rate cuts......»»
Inflation rate in Cebu Province decelerates in April 2024
CEBU CITY, Philippines — The inflation rate in Cebu Province for April 2024 has decelerated to 0.2 percent from 0.3 percent in March, according to the report of the Philippine Statistics Authority (PSA) Cebu on Thursday, May 16. PSA Cebu’s Chief Statistical Specialist Melchor Bautista said the headline inflation slowed down in April 2024 mainly.....»»
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......»»
Policy easing likely in Q4, says Recto
The Bangko Sentral ng Pilipinas is expected to keep rates unchanged today, but rate cuts may happen only toward the end of the year......»»
Cebu City crime rate dropped by over 83% in 1stquarter of 2024 — CCPO
CEBU CITY, Philippines — The head of the Cebu City Police Office (CCPO) disclosed that there was a significant decrease in the number of crime incidents recorded in the first quarter of 2024 compared to last year. “We are happy na sa first quarter of this year, icompare nimo sa previous year, nagbaba gyud atong.....»»
MREIT to acquire P13.15-B in office buildings through share swap
MREIT announced that it has applied to the SEC to approve a property-for-share swap transaction with its parent company, Megaworld, where MREIT will acquire six “Grade A buildings” from MEG in exchange for 926,162,000 primary MREIT shares......»»
Eastern Visayas posts 5.1 percent unemployment rate in July 2023
Eastern Visayas’ unemployment rate peaked at 5.1 percent in July 2023, higher by 0.9 percentage point than the 4.2 percent unemployment rate in April 2023......»»
From the Newsrooms: May 5 to 11, 2024
By: CMFR StaffPosted on: May 13, 2024, 11:35 am THIS WEEK surfaced some troubling issues. The Chinese Embassy's persistent claims about previous agreements about resupply missions sparked tense exchange between PH government officials and Chinese diplomats. On another front, leaked documents alleging President Ferdinand Marcos Jr.'s drug use were linked to "destabilization" plots against his admin.....»»
Residential electricity rates up by P0.86/kWh for May-June billing
Residential customers of Visayan Electric will experience an increase of P0.86/kWh in their May-June electricity billing. The increase is attributed to high generation rates due to price hikes in the Wholesale Electricity Spot Market (WESM) in April brought about by power supply concerns in the Visayas Grid. As a result, the overall residential electricity rate.....»»
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......»»
FMEFT halted due to broken price tracker
FMETF, the PSE’s only exchange-traded fund, was halted by the PSE at 1 p.m. yesterday after it was discovered that its iNav had failed to update since 11:30 a.m......»»
Moody’s: BSP rate cut could start in August
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»
Retail prices of building items increase at faster pace in April
Retail prices of construction materials in Metro Manila moved up at a faster rate in April from the previous month, with most commodity groups posting higher increases, according to the Philippine Statistics Authority......»»
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......»»
ERC urged to defer power rate hikes
It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»
COBI welcomes water district’s offer to negotiate
The Cagayan de Oro Bulk Water Inc. has welcomed the recent announcement of Cagayan de Oro Water District to negotiate to settle its unpaid obligations and water rate dispute......»»
The challenges and opportunities of listing bonds in the Philippines
It is definitely much easier for Philippine Stock Exchange-listed companies to list on the bond exchange, because the internal corporate clean-up and housekeeping that companies undergo before listing on the PSE already suffice as prerequisites to listing on the bond exchange. Similarly, the public disclosures made by PSE-listed entities already satisfy the PDex-imposed requirements before a company can list on the bond exchange......»»