MANILA, Philippines — The debt market, spooked by election tensions, rate hikes and inflationary pressures, has raised its lending costs across benchmark tenors. As of yesterday afternoon, Treasury yields for five-year bonds ballooned by 23.3 basis points to 5.75 percent, while that for the 10-year securities went up by 29.6 basis points to 6.4 percent, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended a peso rediscount loan facility amounting to P4.1 billion to a big bank to finance capital asset expenditures. After being snubbed over the past few months, a universal bank tapped the facility against its rediscounting lines in April. Rediscounting is one of the credit […]
Read MoreMANILA, Philippines — The country’s raw sugar production continued to decline for the sixth consecutive week, dropping 9.5 percent in the fourth week of April. Figures from the Sugar Regulatory Authority showed that raw sugar production reached 1.67 million metric tons (MT) as of April 24, lower than the 1.85 MT in the same period […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has no plans to remove the excise taxes on petroleum products, even as inflation soared to a 40-month high in April. DOF chief economist Gil Beltran said yesterday pump prices would continue to go up as long as the international market faces supply pressure due to geopolitical […]
Read MoreMANILA, Philippines — Economists now expect inflation to peak to as high as 5.7 percent in June amid soaring global oil prices and elevated food prices, prompting monetary authorities to reverse to a tightening mode via a series of rate hikes. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation is […]
Read MoreMANILA, Philippines — Economists now expect inflation to peak to as high as 5.7 percent in June amid soaring global oil prices and elevated food prices, prompting monetary authorities to reverse to a tightening mode via a series of rate hikes. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation is […]
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