THE PESO may weaken anew versus the dollar this week amid expectations of faster September inflation. The local unit closed at P58.625 per dollar on Friday, gaining 34.5 centavos from its P58.97 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, the local unit also shed 12.5 centavos from its P58.50 […]
Tag: week
PHL tallies over 17,000 COVID cases in past week
THE PHILIPPINES posted 17,891 new coronavirus infections in the past week, with a daily average of 2,556 cases, the Department of Health (DoH) said on Monday. The daily average from Sept. 19 to 25 rose by 22% from a week earlier, it said in a bulletin. DoH said it had verified 242 deaths in the […]
Gov’t securities may fetch higher rates after policy hikes
RATES of government securities (GS) on offer this week could rise amid continued monetary policy hikes from central banks in the past week and a weakened peso. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday, made up of P5 billion each in 91-, 182-, and 364-day debt […]
Debt yields rise on rate hikes, weak peso
YIELDS on government securities (GS) rose as the market awaited the US Federal Reserve’s and the local central bank’s rate hikes and the peso depreciating to a new record low. Debt yields, which move inversely to prices, jumped by an average of 12.31 basis points (bps) week on week, based on the PHP Bloomberg Valuation […]
SunStar Eye: Cebu Press Freedom at 30
AFTER a two-year hiatus due to the Covid-19 pandemic, the Cebu Press Freedom Week celebration returned to mostly in-person events from Sept. 17-24, 2022.The 30th staging of the celebration featured forums on cyber libel, cybersecurity, fighting disinformation and historical revisionism and what’s in store for Philippine media under the new administration of President Ferdinand “Bongbong” […]
Peso may recover vs the dollar on expectations of BSP rate increase
THE PESO may rebound against the dollar this week as the Bangko Sentral ng Pilipinas (BSP) is widely expected to continue increasing its benchmark interest rates. The local unit closed at a new all-time low of P57.43 on Friday, dropping 27 centavos from its P57.16 finish on Thursday, data from the Bankers Association of the […]
PHL stocks may decline before Fed, BSP meetings
PHILIPPINE SHARES may continue to decline this week ahead of the policy meetings of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange index (PSEi) slipped by 26.90 points or 0.4% to close at 6,548.77 on Friday, while the broader all shares index went down by 22.49 points or […]
Cebu media celebrates 30th edition of press freedom week
TWO years after celebrating the Cebu Press Freedom Week (CPFW) online due to the pandemic, the CPFW this year marks the return of some in-person events — a volleyball tournament, forums, the Cebu Citizens-Press Council en banc meeting and closing fellowship of working journalists.SunStar Cebu acts as the lead convenor of the 30th edition of […]
Cautious trading seen as recession fears linger
PHILIPPINE SHARES may see volatile trading this week as the peso remains weak against the dollar amid lingering recession fears as global central banks continue to raise rates to combat inflation. The Philippine Stock Exchange index (PSEi) inched up by 12.26 points or 0.18% to close at 6,606 on Friday, while the broader all shares […]
Peso may decline ahead of US data
THE PESO may weaken this week as the dollar continues to strengthen, with the US Federal Reserve chief saying they are committed to keeping inflation low and ahead the release of August US consumer price index (CPI) data. The local unit closed at P56.82 per dollar on Friday, rebounding by 36 centavos from its P57.18 […]
Volatile trading seen ahead of Aug. inflation data
SHARES may continue to climb this week on sustained bargain hunting, but trading may be volatile as investors await the release of August inflation data. The Philippine Stock Exchange index (PSEi) went up by 104.37 points or 1.58% to close at 6,692.65 on Friday, while the broader all shares index rose by 50.49 points or […]
Peso may weaken further vs dollar as Powell says US rates to remain high
THE PESO may decline further against the dollar following hawkish remarks from the US Federal Reserve chief, causing global recession worries anew. — BW FILE PHOTO THE PESO may continue to depreciate against the dollar this week after the US Federal Reserve chief said the US economy may see slower growth as they continue to […]
PHL shares may drop as Powell spooks markets
PHILIPPINE SHARES may move sideways with a downward bias this week on hawkish signals from the US Federal Reserve chief and following Wall Street’s decline on Friday. The Philippine Stock Exchange index (PSEi) went up by 46.07 points or 0.68% to close at 6,752.50 on Friday, while the broader all shares index rose by 12.17 […]
Stocks seen to pull back after robust Q2 results
PHILIPPINE SHARES may move sideways this week on profit taking after its last week’s rally as investors wait for more economic catalysts that would point to sustainability. The Philippine Stock Exchange index (PSEi) posted gains on Friday, inching up by 39.23 points or 0.57% to close at 6,863.86, while the broader all shares index went […]
Rates of T-bills, bonds may move sideways on Fed bets, BSP meet
RATES of government securities on offer this week may move sideways on slower US inflation in July, which could cause the US Federal Reserve to be less aggressive, and expectations that the Bangko Sentral ng Pilipinas (BSP) will continue increasing borrowing costs at their meeting this week. The Bureau of the Treasury (BTr) will offer […]
Yields on gov’t debt mixed on auction result, US data
YIELDS on government securities (GS) ended mixed last week after the Treasury made a full award of its offer of reissued 10-year T-bonds and as US inflation is seen to have peaked. Debt yields, which move opposite to prices, increased by 1.96 basis points (bps) on average week on week, based on PHP Bloomberg Valuation […]
Yields on gov’t debt drop on faster July inflation
YIELDS on government securities (GS) traded in the secondary market declined last week following the result of the 3.5-year bond auction and as July headline inflation hit a near four-year high. Bond yields, which move opposite to prices, fell by an average of 17.03 basis points (bps) week on week, according to the PHP Bloomberg […]
“METAGONZ”, will reveal Metahuman DJ NFT at the official after party of “Block Party 2022”.
South Korea, August 05, 2022 – (SEAPRWire) – Meta Octagon’s meta-human DJ & NFT project ‘METAGONZ’ which is developing an EDM and performance culture-based entertainment metaverse project, will participate as the sponsor in the official after-party “Block party 2022” festival of “Korea Blockchain Week 2022 (KBW 2022).” Also, a person of Metagonz development company said “we’re planning to […]
NEC Visionary Week 2022 to provide insights on the future of society and business
TOKYO, Aug 1, 2022 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) today announced the Global Program for NEC Visionary Week 2022. Themed “Truly Open, Truly Trusted” the Global Program will offer 7 exclusive global online sessions on Thursday, September 15, envisioning and co-creating a brighter, more sustainable world with partners and stakeholders. […]
T-bill, bond rates to move sideways on Fed bets
RATES of government securities on offer this week may move sideways on expectations of a less hawkish US central bank amid recession fears, with longer tenors to attract most of the demand as investors seek higher returns. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday, made up […]