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YIELDS ON government securities (GS) fell almost across-the- board last week following the release of slower-than-expected inflation data for September.
INFLATION as experienced by low-income families, cooled further in August to its slowest rise in nearly three years, according to the Philippine Statistics Authority (PSA).
REVENUE across all industries grew in the second quarter, albeit at a slower pace compared to a year ago, the Philippine Statistics Authority (PSA) reported yesterday.
YIELDS ON government securities (GS) increased across the board last week as they tracked the movement of US Treasuries following news of a potential trade deal between the US and China.
INVESTORS took positions on Nickel Asia Corp. following the news of Indonesia’s ban on nickel exports, in which the company is seen to benefit in increase ore production in order to supply the market demand.
INFLATION, as experienced by low-income families, softened at its slowest pace in 23 months in July, according to the Philippine Statistics Authority.
IT HAS BEEN MORE THAN A DECADE since the last global financial crisis. The 2008 crisis had started in the US subprime mortgage market, which crept into financial markets and led failing banks to either be rescued by governments or be closed down. However, the Philippine banking system was relatively insulated with bank failures contained within the rural banking sector whose small assets relative to the total sector’s resources posed little to no systemic risk.
BETTER EARNINGS and renewed investor interest made JG Summit Holdings, Inc. one of the most active stocks at the stock exchange last week.
THE COUNTRY’s trade-in-goods gap in June shrank to its smallest amount in 15 months as imports declined by a double-digit rate while exports rode bigger earnings from electronic products.
BETS on monetary policy easing at home and abroad led investors to snap up bank stocks including the Bank of the Philippine Islands (BPI), making it one of the most actively traded last week.
YIELDS ON government debt papers traded at the secondary market fell across the board last Friday as they tracked auction results and the better-than-expected June inflation data.
INVESTORS snapped up shares of International Container Terminal Services, Inc. (ICTSI) on news its subsidiary in Croatia has started a year-long expansion of its terminal at the Port of Rijeka to accommodate larger vessels.
UP UNTIL May 1994, no foreign bank was permitted to enter the country apart from four foreign lenders that were already operating at that time. In February 1995, the Bangko Sentral ng Pilipinas (BSP), under Republic Act (RA) No. 7721, approved the application of 10 out of 22 foreign banks that had expressed interest. Under RA 7721, only when one of the 10 banks pulls out could another offshore lender enter the Philippine financial system.
INVESTORS bought PLDT, Inc. shares last week given the attractiveness of the company’s growth prospects.
NEWS of Cemex Holdings Philippines, Inc.’s plans to more than triple its authorized capital stock as part of efforts to raise funds through a potential stock rights offering (SRO) made the Cemex stock one of the most actively traded last week.
THE COUNTRY’s trade-in-goods deficit widened in January as exports declined and imports rebounded.
BETTER-THAN-EXPECTED earnings and renewed investor interest made the Metro Pacific Investments Corp. (MPIC) stock one of the most actively traded last week.
YIELDS ON government securities (GS) went up slightly following the auction of retail Treasury bonds (RTB), the release of the US gross domestic product (GDP) growth report, and expectations of within-target domestic inflation.
SPECULATION has made the Premiere Horizon Alliance Corp. (PHA) stock one of the most actively traded last week following their disclosure on plans to acquire companies engaged in real estate and tourism hospitality in the next two years – just a week after the news of the company securing P15-billion worth of funding from a Qatar-based investment firm.
THE Philippine economy posted a 6.1% gross domestic product (GDP) growth in the fourth quarter of 2018, the Philippine Statistics Authority (PSA) reported this morning.
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.