Philippine Inflation Rate Stays at 3.2 Percent
The Philippines average inflation rate in 2012 decelerated to 3.2 percent from 4.6 percent the previous year. The Philippines inflation rate averaged 9.1 percent reaching an all time high of 62.8 percent in September of 1984 and a record low of -2.1 percent in January of 1959. Bangko Sentral ng Pilipinas (BSP) Governor Amando M. [...]
Moody’s Debt Rate for the Philippines
Moody’s Investors Service Tuesday changed to ‘Positive’ from ‘Stable’ its outlook on the Philippines’ banking system. In a report dated Dec 18, 2012, the debt watcher attributed the improvement of the outlook to the resiliency of the domestic economy, banks’ diversified loan portfolio and income sources and continued improvement of the sector’s asset quality, capitalization [...]
Treasury Bill Rates in the Philippines
By Joann Santiago Rate of the 364-day Treasury bill declined to another record-low of 0.549 percent on Monday on back of high demand for this paper. Yield of this tenor fell 13.1 percent against the 0.68 percent during the auction two weeks ago. The Bureau of the Treasury (BTr) offered the paper for P4 billion [...]
Volume of Total Goods Exports in Hong Kong
The volume of total goods exports in Hong Kong fell 5.1 percent in July from a year ago, the city’s statistics department said Tuesday. The volume of goods re-exports decreased 5.2 percent over a year earlier, while that of domestic exports decreased 1.1 percent. At the same time, the volume of goods imports fell 3.8 [...]
Philippine Inflation Rate as Seen by Bangko Sentral ng Pilipinas
by Joan Santiago The Bangko Sentral ng Pilipinas (BSP) continue to see within target inflation for this year and the next but it is on the look-out for volatility in market sentiment given the current domestic and external developments. “Our current runs still show within target full year averages over the policy horizon (2012-13),” BSP [...]
Interest rates on term RRPs, RPs, and special deposit accounts (SDAs)
At its meeting today, the Monetary Board decided to reduce the BSP’s key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit [...]
Bangko Sentral Keeps Key Policy Rate at 4 Percent
At its meeting today, the Monetary Board decided to keep the BSP’s key policy rates at 4 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The [...]
SM Mall Opens in GenSan City
The looming opening of an SM Mall branch in this city, the “Tuna Capital of the Philippines,” is expected to further invigorate the local economy, a city hall official said on Tuesday. The local government unit is bullish the entry of SM Mall will attract more investors in the city, the economic hub of Region [...]
Philippine Air Force to Buy 25 Helicopters
By Ben Cal The Philippine Air Force (PAF) will get 25 more helicopters late this year to augment its depleting air assets. This was announced during the Air Power Symposium 2012 held at the SMX Convention Center, Mall of Asia in Pasay City on Friday as part of its preparation for the forthcoming 65th PAF [...]
Inflation Rate of the Philippines
By Joann Santiago The Bangko Sentral ng Pilipinas (BSP) expects drop in oil prices that might o result in slower inflation rate this month, but cautions that hike in utility rates and fare increases might push inflation higher. BSP Governor Amando Tetangco Jr., in a text message to reporters Friday, projects inflation to stay within [...]