HEADLINE INFLATION probably slowed in December as fuel retailers reduced prices, although holiday demand and the impact of Typhoon Odette may have caused a faster rise in food prices, according to analysts. Read the full story.
Tag: rate
BSP keeps rates steady
THE Monetary Board has decided to maintain the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility at two percent. The interest rates on t…
BSP fully awards debt at auction
By Jenina P. Ibañez, Senior Reporter The Philippine central bank fully awarded short-term securities at an auction on Friday, as the average rate declined amid easing global oil prices. The Bangko Sentral ng Pilipinas (BSP) raised P100 billion as planned from its offer of 28-day bills that attracted P130.51 billion in tenders. Demand was higher than P110.25 billion last week. Accepted rates for the one-month debt ranged […]
DOLE releases pay rules for November holidays
THE Department of Labor and Employment (Dole) released Tuesday, Oct. 26, 2021, the pay guidelines for the special (non-working) day on All Saints’ Day, November 1, and the regular holiday on November 30. In Labor Advisory No. 19 Series of 2021 issued by Dole acting Secretary Ana C. Dione, employers are reminded to observe the […]
Cebu City logs all-time low daily Covid positivity rate
CEBU City recorded its lowest daily positivity rate for coronavirus disease (Covid-19) in tests involving at least 1,000 individuals, on Wednesday, Oct. 20, 2021. Councilor Joel Garganera, deputy chief implementer of the Emergency Operations Center (EOC), said out of 1,039 individuals who underwent a swab test, only 14 tested positive for the Sars-CoV-2 virus that […]
BTr fully awards reissued bonds at higher rate on inflation fears
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 […]
Cebu City logs year-low positivity rate of 2.17%
CEBU City logged on Saturday, Oct. 9, 2021, its lowest daily positivity rate for the year at 2.17 percent, which is within the World Health Organization’s (WHO) five percent threshold for positivity rate. This, after only 23 of the 1,060 samples tested for coronavirus yielded positive results on Saturday. “We have the lowest daily positivity […]
Philippines’ full vaccination rate hits 15.62%, still behind peers
Malaysia holds rate as vaccine spurs reopening
MALAYSIA kept its benchmark interest rate at a record low Thursday, maintaining support for an economy that’s set to fully reopen in a matter of months. Bank Negara Malaysia held the overnight policy rate at 1.75% for a seventh straight meeting, a decision expected by 23 of 24 economists surveyed by Bloomberg. One forecast a […]
Analysts’ August 2021 inflation rate estimates
INFLATION likely quickened in August and settled above the central bank’s official target range anew, as a weaker peso pushed food prices up, according to analysts. Read the full story.
TransCo proposes FiT-All rate of P0.3320/kWh
THE NATIONAL Transmission Corp. (TransCo) has asked the energy regulatory to approve its proposed feed-in tariff allowance (FiT-All) rate of P0.3320 per kilowatt-hour (kWh) for 2022 billing periods. According to a posting on the Energy Regulatory Commission’s (ERC) website, TransCo submitted supporting documents for its proposed rate, including its computations. The FiT-All is a uniform […]
EQIFI Launches Suite of the Decentralized Financial Products Powered by a Global, Licenced Bank
Powered by EQIBank, EQIFI’s highly anticipated launch provides a single uniform platform for DeFi products, including fixed- and variable-rate products, interest rate swaps, and a yield aggregator Road Town, British Virgin Islands / SEAPRWire / August 05, 2021 / – EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, […]
EQIFI Launches Suite of Decentralized Financial Products Powered by a Global, Licenced Bank
Powered by EQIBank, EQIFI’s highly anticipated launch provides a single uniform platform for DeFi products, including fixed- and variable-rate products, interest rate swaps, and a yield aggregator Road Town, British Virgin Islands, Aug 5, 2021 – (ACN Newswire via SEAPRWire.com) – EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and […]
Government told to ban unneeded travel in metro
By Kyle Aristophere T. Atienza, Reporter HEALTH experts asked the government on Sunday to ban nonessential travel to and from Manila, the capital and nearby cities to stop the spread of a more contagious Delta coronavirus variant. “We recommended that we place the National Capital Region (NCR) and surrounding provinces in a bubble,” Fredegusto Guido […]
MCWD’s deal with private firm to help meet consumer demand
AROUND 80 million liters of water per day will be added to the current water production of the Metropolitan Cebu Water District (MCWD) once desalination plants in Metro Cebu will be completed in 2022. MCWD aims to close the gap between the demand and supply of water among consumers in the coming years. MCWD chairman […]
Inflation decelerates in June
POLICY interventions to stabilize commodity prices have begun to take effect as headline inflation decelerated in June 2021, said the National Economic and Development Authority (Neda). The Philippine Statistics Authority (PSA) reported Tuesday, July 6, 2021, that headline inflation rate slowed down to 4.1 percent. This comes after three months of a steady 4.5 percent […]
Unemployment declined but remained high in Q1
AROUND 12.2 million adult Filipinos were jobless in the first quarter, Social Weather Stations (SWS) estimated, citing projections made from one of its surveys. In a statement Thursday, SWS said adult joblessness fell by 1.5 percentage points to 25.8% compared to the fourth quarter of 2020. This latest level is still much higher than the […]
Peso drops on labor data
THE PESO dropped versus the dollar following the release of data showing unemployment climbed in April. THE PESO retreated against the greenback on Tuesday following the higher unemployment rate in April, which was caused by the reimposition of lockdowns due to higher coronavirus cases. The local unit closed at P47.72 a dollar on Tuesday, depreciating […]
Experience the premium performance of the new portrait master, the vivo V21 series
The feature-rich, selfie-focused vivo V21 Series are now available in all vivo stores nationwide and official e-commerce sites. Be amazed at the photography capacities and impressive specs beneath the elegance of these new smartphones. A seamless experience is possible with V21 5G’s MediaTek Dimensity 800U 5G Processor. Boosting its core up to 2.4GHz, it makes the launching of apps and top games done in […]
RBA holds rates at record lows despite improved economic output
AUSTRALIA’S CENTRAL BANK left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy stance even as data showed the country’s economic output was above its pre-pandemic level and house prices were shooting through the roof. The Reserve Bank of Australia (RBA) left its policy settings at 0.1% for a sixth straight […]