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By Iris Gonzales | June 20, 2012 - 12:00am
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The Monetary Board last Thursday administered the equivalent of shock therapy – the sort given to patients whose hearts stop beating. Our economy is in intensive care.
9 hours ago
The Bangko Sentral ng Pilipinas is expected to raise interest rates further in December, with some economists anticipating additional tightening through early 2027 as persistent inflation and a weakening peso keep pressure on monetary authorities. Analysts from BofA Global Research, BMI and Bank of the Philippine Islands see room for further increases after the BSP’s Monetary Board delivered a larger-than-expected 50-basis-point hike on Thursday, bringing the benchmark interest rate to 5.50 percent.
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The Bangko Sentral ng Pilipinas (BSP) delivered its biggest interest rate hike in more than three years yesterday, as worsening inflation pressures prompted a more aggressive monetary policy response. At its fifth policy meeting this year, the Monetary Board raised its benchmark rate by 50 basis points to 5.50 percent. The larger-than-expected increase marked the BSP’s fourth consecutive rate hike this year and its first 50-basis-point adjustment since February 2023.
2 days ago
An Israeli businessman who changed his name to conceal property fraud in the US has joined the board of Davao-based businessman Dennis Uy’s Dito CME Holdings Inc.
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The Professional Regulation Commission announces that 914 out of 1,197 passed the Chemists Computer-Based Licensure Examination given by the Board of Chemistry in N. C. R., Baguio, Butuan, Cagayan de Oro, Cebu, Davao, Iloilo, Koronadal, Legazpi, Lucena, Pampanga, Rosales, Tacloban, Tuguegarao, Zamboanga and Puerto Princesa, Palawan this October 2026.
3 days ago
Lotto Oct 23, 2026
EZ2/LVM - 13 3
SUERTRES - 0 30
4D LOTTO - 4 1 7 0
6/45 Mega Lotto - 1 2 25 7 19 3
P15,000,000.00
Ultra Lotto - 14 38 44 25 52 47
P450,857,884.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66