THE PESO declined versus the dollar on Wednesday due to higher oil prices and as the market waited for the US central bank’s policy decision. — BW FILE PHOTO THE PESO retreated versus the greenback for the third straight day due to higher oil prices and as the market was waiting for the policy decision […]
THE Commission on Higher Education (Ched) 7 honored the University of San Carlos (USC) in Cebu City with six awards during the celebration of the First National Higher Education Day on May 22, 2021. Ched cited USC for exemplary leadership, institutional performance in the Quacquarelli Symonds Asia University Rankings and program excellence for both its […]
THE PESO weakened versus the greenback for a third straight day on Thursday on safe haven demand as the market awaits the release of US inflation data, which could dictate the pace of the Federal Reserve’s tapering. The local unit closed at P47.765 per dollar on Thursday, shedding 3.4 centavos from its P47.731 finish the […]
PHILIPPINE shares closed higher on Wednesday on the House of Representatives’ approval of a third stimulus package amounting to more than P400 billion to help boost the economy amid the coronavirus pandemic. The bellwether Philippine Stock Exchange index (PSEi) improved 214.26 points or 3.23% to end at 6,841.69 on Wednesday, while broader all shares index […]
INDIA’S sovereign bond yields are likely to head sideways in coming months before starting to spike higher toward yearend, according to a 25-year bond-market veteran. Signs of quicker inflation and concern the Reserve Bank of India (RBI) will pull back on policy support should eventually put yields on a rising path, said Radhavi Deshpande, chief […]
A TOTAL of 2,236 college students in Central Visayas have availed of the Commission on Higher Education (Ched) 7’s Student Financial Assistance Programs (StuFAPs) for the academic year (AY) 2020-2021. Melissa Castillote, person in charge of the Ched 7 scholarship office, made the report during a press conference on Thursday, May 20, 2021 as part […]
LBC Express Holdings, Inc. saw a 21.5% decline in its first-quarter attributable net income despite higher revenues, mainly due to higher expenses. In a disclosure to the stock exchange, LBC Express said its attributable net income stood at P139.73 million, down from P177.89 million the previous year. This is despite a 14.7% increase in the […]
PRYCE Corp. reported a net income growth of 6.08% to P423.22 million in the first quarter as higher sales of its liquefied petroleum gas (LPG) products offset larger operating expenses. “[The company] was able to achieve the above 6.08% increase in net income even with larger operating expenses due to its expansions of refilling plants […]
The Bangko Sentral ng Pilipinas (BSP) said inflation likely breached the upper-end of its annual target for a fourth straight month in April due to higher electricity rates and food prices. Inflation during the month likely reached between 4.2% to 5%, BSP Governor Benjamin E. Diokno told reporters in a Viber message. This is above […]
By Keren Concepcion G. Valmonte PHILIPPINE stocks inched up on Wednesday as investors hunted for bargains and fears about a fresh surge in coronavirus infections eased. The benchmark Philippine Stock Exchange index (PSEi) went up by 50.66 points or 0.78% to close at 6,497.01. The broader all-share index increased by 21.61 points or 0.55% to […]
THE GOVERNMENT Hiked its award of Treasury bills on Monday as rates continued to drop on the back of strong demand from investors looking for higher yields. — BW FILE PHOTO THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded for the seventh straight week on Monday as demand remained high despite faster […]
Officials have recognized the African Swine Fever continues to push pork prices higher this month. — PHILIPPINE STAR/MICHAEL VARCAS INFLATION is expected to stay within the target range over the next two years, despite a recent uptick in global oil prices as well as food prices due to supply disruptions caused by typhoons, the central […]