Peso up on easing COVID-19 cases

THE PESO rose versus the dollar amid a steady drop in coronavirus cases. — BW FILE PHOTO THE PESO strengthened against the dollar on Monday amid easing coronavirus disease (COVID-19) cases and expectations of steady inflation last month. The local unit closed at P47.695 versus the dollar on Monday, strengthening by 10.5 centavos from Friday’s […]

March inflation eases to 4.5%

THE country’s inflation rate has eased to 4.5 percent in March 2021 after five consecutive months of acceleration. This brings the average inflation of the country for the first quarter of 2021 at 4.5 percent, the Philippine Statistics Authority on Tuesday, April 6, 2021, said. The slowdown in inflation at the national level was primarily […]

BSP unlikely to raise rates soon

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday said policy makers are not inclined to tighten monetary policy yet as they see the uptick in inflation as “temporary,” with pressures coming from the supply side. “Notwithstanding the impact of supply-side factors on the inflation path, we are not inclined to tighten monetary […]

Gov’t fully awards T-bond offer

THE GOVERNMENT fully awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday even as its rate surged on concerns over rising inflation and US Treasury bond yields. The Bureau of the Treasury (BTr) borrowed P30 billion as programmed from the reissued 10-year T-bonds it auctioned off on Tuesday as total tenders reached P50.248 billion, […]

Stimulate consumer demand to rescue economy: Neda 7

THE National Economic and Development Authority (Neda) 7 is anticipating more recoveries from Central Visayas’s pillar industries as economic activities are expected to rebound this year. However, the agency noted that the main challenge faced by industry players is in raising consumer demand for increased economic activities to take place. Amid a more relaxed quarantine […]