THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday, even as its average rate was higher than expected on inflation concerns. The Bureau of the Treasury (BTr) on Tuesday borrowed P35 billion as planned via the reissued five-year Treasury bonds (T-bonds) with a remaining life of four years […]
Tag: higher
Peso weakens vs the dollar on higher oil prices
THE PESO declined against the dollar as oil prices climbed. — BW FILE PHOTO THE PESO weakened versus the greenback on Thursday as oil prices soared to multi-year highs. The local unit closed at P50.88 per dollar on Wednesday, shedding 23 centavos from its P50.65 finish on Tuesday, based on data from the Bankers Association […]
Local stocks rise on hopes of gradual reopening
SHARES closed higher on Thursday, shrugging off data showing the increase in the number of unemployed Filipinos, on hopes that more sectors could reopen or expand their operations this month. The benchmark Philippine Stock Exchange index (PSEi) rose 18.77 points or 0.27% on Thursday to close at 6,952.88, while the broader all shares index went […]
EU higher education fair goes online again
THE 2021 EUROPEAN Higher Education Fair (EHEF) goes online once again on Oct. 1 and 2. Carrying the theme “Go Higher with the EU,” the EHEF will give Filipino students, academicians, researchers, and university officials the opportunity to connect directly with world-class higher education institutions from across the European Union (EU). The Fair will be […]
Yields rise after BSP revises inflation anew, hawkish Fed
YIELDS on government securities edged higher last week as the Philippine central bank revised higher its inflation forecasts and as the US Federal Reserve signaled its massive bond-buying taper as early as November. Bond yields, which move opposite to prices, rose by a week-on-week average of 5.38 basis points (bps), based on PHP Bloomberg Valuation […]
Peso retreats on higher oil prices
THE PESO dropped versus the dollar due to higher oil prices. — BW FILE PHOTO THE PESO weakened versus the greenback on Monday due to cautious sentiment amid higher oil prices and faster US producer inflation. The local closed at P49.975 per dollar on Monday, shedding 11 centavos from its P49.865 finish on Friday, based […]
Language education standards being aligned to industry needs
ENGLISH EDUCATION firm Hopkins International Partners, Inc. said it is working with the Commission on Higher Education (CHEd) to match language education to industry requirements. The People Management Association of the Philippines (PMAP) has released minimum and ideal English language standards for various industries using an international language framework. “One of the biggest issues in […]
Metrobank Q2 profit lifted by fees, lower cost
PROFIT at Metropolitan Bank & Trust Co. (Metrobank) rose by 29.9% from a year earlier to P3.9 billion in the second quarter on higher fee-based income and reduced operational costs. This brought its first-half net income to P11.687 billion, 28% higher than a year earlier, the lender said in a stock exchange filing on Tuesday. […]
PHL trade balance seen taking hit from higher oil prices
HIGHER OIL PRICES will continue to degrade the Philippines’ trade balance and current account, though improvements are expected with a “slow” economic recovery, according to ANZ Research. Other threats to the trade balance include disruptions to domestic production and physical constraints on exports, it added. “These (constraints) are powerful enough to offset the impact of […]
Ex-officio dad eyes higher post
ASSOCIATION of Barangay Councils President and Kasambagan Barangay Captain Franklyn Ong is open to run for a higher position in Cebu City in the 2022 elections. However, Ong said he still has to consult his partymates and the public. “We are open to that,” Ong told reporters. Ong, who belongs to Bando Osmeña – Pundok […]
Peso retreats vs dollar on higher oil prices, US central bank meet
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 […]
Ched honors USC
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 […]
Peso weakens vs dollar ahead of US inflation
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 […]
Shares rise as House approves 3rd stimulus bill
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 […]
Next big move in India yields will be higher
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 […]
2K college students avail of financial aid
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 net income falls despite higher revenues
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 profits up 6% as higher sales offset expansion costs
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 […]
BSP sees inflation breaching target anew in April
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 […]
Stocks rise on bargain hunting, easing virus fears
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 […]