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Tag: Lourdes O. Pilar

Inflation for low-income households eases in Nov.

INFLATION, as experienced by low-income families, softened in November driven by slowdowns in the growth of prices of food and utilities, the Philippine Statistics Authority (PSA) reported yesterday.

Yields on gov’t debt down

YIELDS ON government securities dipped last week amid lower inflation expectations, even as local players monitor external developments.

Rural banks still in the lending game

RURAL BANKS began to sprout in the 1950s when the countryside lacked basic financial services, which prompted the government to set up measures to incentivize the establishment of such lenders by way of lower interest and other perks. Prior to this, the main sources of credit were moneylenders in the informal sector that charged very high interest rates. Convenient and secured payment facilities in many rural communities hardly existed.

Aboitiz Power Corp.

ABOITIZ Power Corp. was one of the most actively traded stocks last week due to expectations of higher demand for energy in the closing months of 2018 as well as the company’s recent acquisition in Ayala-led AC Energy Inc.’s assets.

Yields on gov’t debt drop

YIELDS ON government securities declined last week following a correction, even amid a more hawkish central bank.

OUTLIER: Now Corp. (NOW)

NEWS of telecommunications firm Now Corp.’s purchase of bid documents for the third player selection, followed by its decision to sue the National Telecommunications Commission (NTC) over the terms of reference sent its stock price moving last week.