Treasury bills, bonds may fetch higher rates after BSP decision
RATES of government securities on offer this week are expected to increase following the central bank’s decision to hike borrowing costs amid rising inflation.
‘Start them young’ so athletes can bloom in international play
SPORTS leaders should scout and train their athletes early so they can develop and flourish in international competitions such as the Southeast Asian (SEA) Games, according to Philippine Sports Commission (PSC) Chairman William “Butch” Ramirez.
A new chapter begins for Isuzu PHL
By Angel Rivero
ISUZU PHILIPPINES CORP. (IPC) — the exclusive assembler, importer, and distributor of brand-new Isuzu commercial vehicles and light commercial vehicles in the Philippines — last week announced the official turnover of their company’s presidency from the leadership of their much-loved Hajime Koso (who has served in the Philippines for seven years), to incoming Noboru Murakami.
A Virgil Abloh-created sneaker exhibit opens in New York
NEW YORK — Late fashion designer Virgil Abloh is being honored in a New York exhibition featuring 47 pairs of Louis Vuitton Nike Air Force 1 sneakers he created before his death in November.
Yields on government debt rise as central bank hikes borrowing costs
YIELDS on government securities (GS) rose across the board last week after the Bangko Sentral ng Pilipinas (BSP) hiked benchmark rates to contain rising inflation.
India wheat export ban to raise demand for rice
India’s ban on wheat exports may cause wheat-dependent countries to shift to rice, with the resulting demand threatening to pressure rice prices upwards, a Department of Agriculture (DA) official said.
Chevrolet Makati now open
THE COVENANT Car Company, Inc. (TCCCI) recently grew its network of Chevrolet dealerships with the opening of Chevrolet Makati last May 1. Operated by MIG1 Auto Dealership Corp., the facility is expected to serve the central business district and nearby areas.
Peso seen to move sideways as hawkish Fed props up dollar
THE PESO may move sideways versus the dollar this week following the Philippine central bank’s decision to raise borrowing costs, expectations of more aggressive tightening by the US Federal Reserve to fight inflation, and as the market awaits the incoming administration’s economic plans.
World Bank to offer $30B as Ukraine war threatens food security
BONN — The World Bank said it will make $30 billion available to help stem a food security crisis threatened by Russia’s war in Ukraine, which has cut off most grain exports from the two countries.
PEZA warns BIR on-site work inspections could alarm investors
THE PLAN to inspect economic zone locators for compliance with the government’s on-site work order could inject an element of uncertainty among investors in the Information Technology-Business Process Management (IT-BPM) industry, the Philippine Economic Zone Authority (PEZA) said.
BSP pledges to balance growth, inflation concerns
THE central bank will ensure that its exit from an accommodative policy, taken to support the economy during the pandemic, will be balanced in order to address both inflation risks and the need to shore up growth, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
South Cotabato lifting of open-pit ban still at risk of governor’s veto
THE re-elected governor of South Cotabato, the province which hosts the stalled Tampakan copper-gold project, could still veto provincial council legislation lifting a 12-year ban on open-pit mining, after he formed a panel to study the matter.