YIELDS on government securities (GS) rose across the board last week as the US Federal Reserve signaled continued aggressive monetary policy to control inflation. GS yields, which move opposite to prices, at the secondary market rose by an average of 13.58 basis points (bps) week on week, based on the PHP Bloomberg Valuation Service Reference Rates as of Sept. 2, ...

MARKET PLAYERS were cautious of PLDT, Inc. last week after its affiliate company’s landmark partnership with former broadcast giant ABS-CBN Corp. was terminated. Data from the Philippine Stock Exchange showed the telecommunications giant trading P686.13 million worth of 409,460 shares from Aug. 30 to Sept. 2, making it the 11th most actively traded stock last week. The stock’s price slid ...

Here’s a quick glance at how PSEi stocks fared on Friday, September 2, 2022. ...

BW FILE PHOTO THE PESO may rebound against the dollar this week as its recent decline and expectations of still-elevated August inflation may prompt the Bangko Sentral ng Pilipinas (BSP) to continue hiking borrowing costs. The local unit closed at a new all-time low of P56.77 on Friday, weakening by 35 centavos from its P56.42 finish on Thursday, data from ...

SHARES may continue to climb this week on sustained bargain hunting, but trading may be volatile as investors await the release of August inflation data. The Philippine Stock Exchange index (PSEi) went up by 104.37 points or 1.58% to close at 6,692.65 on Friday, while the broader all shares index rose by 50.49 points or 1.44% to 3,548.53. Week on ...

THE Bureau of Customs (BoC) said on Sunday that it exceeded its August collection target by 34.1%, which it credited to the digitalizing and streamlining of its processes, and as imports rose following the reopening of the economy. In a statement, the BoC said August collections hit P78.902 billion, exceeding the target of P58.849 billion. This is the eighth consecutive month ...

Back to almost normal. Fans who waited for the arrival of K-pop act Super Junior at the Suvarnabhumi International Airport begin to disperse after midnight. On the whole, Thais displayed mask discipline — perhaps equal or even better than our own. — PHOTO BY KAP MACEDA AGUILA By Luisa Maria Jacinta C. Jocson, Reporter THE tourism industry is struggling to ...

DOT.GOV.PH BENGUET, Rizal, and Metro Manila are at the bottom of the air quality standings, with over 97% of their population exposed to some of the highest particulate matter (PM) concentrations in the entire country, Greenpeace said in a report. All Filipinos are exposed to air that fails to meet World Health Organization (WHO) guidelines, Greenpeace said. The WHO considers ...

SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 398.78% year on year to P30.321 billion in July, the Bureau of the Treasury (BTr) reported. Budgetary support to GOCCs also rose 145.95% compared to the June total. Subsidies amounted to P75.01 billion in the first seven months, according to preliminary data from the BTr. Subsidies are extended to GOCCs to ...

THE National Power Corp. (Napocor) said it hopes to complete two hybrid facilities in Cuaming, Bohol and Palumbanes Island, Catanduanes province, by the end of 2022. “Apart from hybridization, Napocor included solar home systems, photovoltaic (PV) mainstreaming, and wind resource assessment (WRA) in its programs,” Melchor P. Ridulme, Napocor officer-in-charge, said in an e-mail on Sept. 1. Mr. Ridulme said ...