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Per capita household spending growth slows

GROWTH of household spending slowed to 3.9% in 2018, with nine out of 17 regions posting slower growth rates and one recording a decline, according to data the Philippine Statistics Authority released on Thursday.

Full foreign bank entry, (almost) five years in

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.

OUTLIER: Investors load up on PLDT shares on expectations of sustained...

INVESTORS bought PLDT, Inc. shares last week given the attractiveness of the company’s growth prospects.

Inflation slowest in 16 months in April

INFLATION eased for the sixth straight month to its slowest pace in 16 months in April, the Philippine Statistics Authority (PSA) reported on Tuesday, giving more room for the central bank to loosen monetary policy.

Bicol tops regions in economic growth

THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.

Yields climb on easing bets ahead of break

YIELDS ON government securities (GS) rose slightly last week amid expectations of monetary policy easing and continued global market correction as well as the holiday-shortened trading week.

Investors unload Cemex Philippines stocks over potential stock rights offering

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.

Merchandise trade starts 2019 with bigger deficit — PSA data

THE COUNTRY’s trade-in-goods deficit widened in January as exports declined and imports rebounded.

Better-than-expected profit boosts Metro Pacific’s share price

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 gov’t securities up slightly on retail bonds

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.

Disaster Preparedness: How ready are the banks?

THE PHILIPPINES is among the most vulnerable to the impact of natural disasters and climate change. Last year saw 24 tropical depressions, 20 tropical storms, 16 typhoons, one super typhoon, and at least 13 earthquake episodes.

Outlier: Premiere Horizon shares up on market speculation

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.

Debt yields drop on GDP

YIELDS ON government securities (GS) fell slightly following data showing slower Philippine economic growth.

PHL growth slows to 6.2% in 2018

THE PHILIPPINE ECONOMY expanded 6.1% in the fourth quarter at a pace slower than expectations, even as it remained above the six-percent mark, the Philippine Statistics Authority reported yesterday.

Economy expands 6.1% in fourth quarter, 6.2% in 2018

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.

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.