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Day: August 5, 2022

BSP vows to fight broadening price pressures

Broadening price pressures due partly to higher oil prices continue to accelerate domestic inflation rate but the Bangko Sentral ng Pilipinas (BSP) committed its readiness to do necessary policy actions to ensure price stability.This, after the Philipp…

DA releases soft loan to typhoon-hit farmers in NegOcc

Some 595 farmers in southern Negros Occidental affected by Typhoon Odette last December availed of a no-interest loan amounting to PHP10,000 each from the Department of Agriculture (DA).Governor Eugenio Jose Lacson led the distribution of the checks du…

APEC region’s growth to slow down amid uncertainties, crisis

Economic growth in the Asia-Pacific Economic Cooperation (APEC) region is expected to slow down this year amid soaring inflation, a protracted war in Ukraine, and heightened uncertainties, according to a new report by the APEC Policy Support Unit.On to…

CDO, Misamis Oriental welcome proposed underground cable system

The city government and the province of Misamis Oriental have thrown their support to the underground cable system project of the National Telecommunications Commission in Northern Mindanao (NTC-10) on Friday.In an interview, NTC-10 Director Teodoro Bu…

BSP’s 28-day securities rate up on latest rate hike

The rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities rose on Friday, which was traced to the impact of the latest hike in the central bank’s key policy rates.Data released by the BSP showed that the average rate of the debt paper inched…

PSEi ends rally on rebalancing, peso gains

The main equities index ended its rally on Friday after the rebalancing in the local bourse and ahead of the release of the US jobs report but the peso gained against the greenback.After a three-day rally, the Philippine Stock Exchange index (PSEi) los…

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