Recto: Growth goals to be cut
GROWTH targets will be lowered to take into account current headwinds, a Cabinet official said ahead of an economic managers' meeting.
Inflation latest news
Asian stocks track Wall St record after Fed keeps rate projection
HONG KONG, China — Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
Inflation seen rising in March
INFLATION will likely rise further this month but stay within target, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Wednesday.
Stock market today: Wall Street rises ahead of a big week for central banks
NEW YORK (AP) — U.S. stocks rose Monday ahead of a busy week for central banks around the world that could dictate where interest rates go.
If you could rewrite one stock’s slogan, which would it be, and what would it say?
Thank you to all the readers who participated in this Free Stuff Friday survey and shared their rewritten slogan for a PSE-listed company. I’m going to share some of the (anonymized) responses that I received. As usual, no names or identifying info!
DWP rule means half a million people will get £902 State Pension boost
Around one in five people across the UK are set to receive a massive cash boost from next month, as the new State Pension rates are set to increase by as much as £902 each year for people on the full benefit.
Cebu Landmasters FOO approved by the PSE
Cebu Landmasters [CLI 2.83, up 0.3%] [link] had its follow-on offering of preferred shares approved by the PSE. CLI will raise up to P5 billion through the sale of two series of preferred shares which will be listed under the ticker symbols CLIA1 and CLIA2. The dates provided by the PSE showed that the prefs would be priced today (meaning that CLI would apply the dividend rates to each series; both will sell for P1000/share). The offer period will run from March 19 through April 2, with a listing tentatively scheduled for April 12. The transaction will be jointly managed and underwritten by BPI Capital [BPI 120.00, up 1.6%] and China Bank Capital [CHIB 36.00, up 2.7%].
Recto gets smooth-sailing CA confirmation, commits to pursuing growth-enhancing fiscal consolidation
Finance Secretary Ralph G. Recto received a smooth-sailing confirmation from the Commission on Appointments (CA) on March 13, 2024 and has committed to pursuing growth-enhancing fiscal consolidation through plugging tax leaks, improving tax administration, preventing wasteful expenditures, exercising prudent debt management, and boosting investments.