Inflation forecast adjusted upwards The central bank’s Monetary Board decided today (February 11) to keep policy settings unchanged but adjusted the inflation forecast for 2021 higher as it sees consumer price index remaining elevated for most of this year due to supply side shocks. Bangko...
The central bank’s Monetary Board is not expected to move the key rate when it meets for its first policy review for 2021 on Thursday, according to Moody’s Analytics Asia Pacific. “The Philippines’ central bank is expected to keep its key policy rate unchanged at two percent at its...
SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, has listed its latest P10 billion Fixed Rate Bond Series M and N offering through a virtual listing ceremony. SM Prime Chief Finance Officer John Nai Peng C. Ong and Philippine Dealing & Exchange Corp....
State-run Social Security System (SSS) is appealing to the House of Representatives for an “objective decision” on the proposed measures postponing the contribution rate hike for this year. In a statement, Aurora C. Ignacio, SSS president and chief executive, said the pension fund’s...
State-run Social Security System (SSS) warned that any delay in implementing the scheduled increase in contribution rate as well as minimum and maximum monthly salary credits (MSCs) could endanger the pension fund. In a statement, Aurora C. Ignacio, SSS president and chief executive, said delayed...
“Power rate reduction” tops the 2021 to-do list of the Department of Energy (DOE) to improve the attractiveness of the Philippines as an investment destination for manufacturers, who have been discouraged by the prohibitive power cost in the country. Energy Secretary Alfonso G. Cusi told...
Inflation forecasts raised The Bangko Sentral ng Pilipinas (BSP) has decided to stick with the two percent benchmark rate to end 2020 but raised the inflation forecasts due to the increase in crude oil prices as prospects for global economic recovery got a boost from the release of COVID-19...
The Bureau of Internal Revenue (BIR) has collected additional taxes from commercial establishments that were padlocked earlier for failing to either register or pay the correct amount of tax. In a statement, BIR Deputy Commissioner Arnel Guballa said they have collected a total...
After a surprised interest rate cut last month, the central bank’s Monetary Board may still decide to bring the policy rate to below two percent when it meets for the last time this year on December 17. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that they continue...
The central bank’s auction of 28-day securities fetched a higher rate on Friday, it remained oversubscribed as the only 28-day offering this week after the Bangko Sentral ng Pilipinas (BSP) put aside the 28-day term deposit facility (TDF). The BSP bills received P129.1 billion tenders...
The country’s low inflation environment provides the Bangko Sentral ng Pilipinas (BSP) the adequate legroom to keep its interest rates steady to support economic recovery, the Department of Finance (DOF) said. Based on the latest DOF economic bulletin, Finance Undersecretary and Chief Economist...
MB File The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has decided to leave the key policy rate or overnight reverse repurchase (RRP) rate unchanged on Thursday, citing continued appropriate policy settings and benign inflation. In the same meeting, the seven-member BSP...
