Page 128 - Bsp News Today

Treasury yields for seven-year securities breached the six percent mark yesterday on expectations that the Bangko Sentral ng Pilipinas would raise interest rates tomorrow.

Poland's Police Central Investigation Bureau (CBSP) has seized 48 firearms, 30,000 rounds of ammunition and several grenades in an operation carried out in three provinces.

More economists expect the interest rate liftoff by the Bangko Sentral ng Pilipinas to kick off this week after the economy delivered a solid gross domestic product growth performance in the first quarter.

The Bangko Sentral ng Pilipinas is likely to keep the cap on credit card transactions at two percent per month or 24 percent per year amid the low-interest rate environment as the country continues to recover from the impact of the pandemic.

The government will find itself in a tight spot borrowing from the debt market this week, as yields for seven-year securities could breach six percent due to monetary tightening.

The profit of universal and commercial banks operating in the Philippines went up by 26.7 percent to P61.38 billion in the first quarter   from P48.44 billion in the same quarter last year, according to  the Bangko Sentral ng Pilipinas.

Gender-affirming care, which leading health care organizations in Texas say is the best way to provide care to transgender children, is emerging as a top target of state Republicans and lies at the heart of brewing political and legal battles

Coming out in support of senior Samajwadi Party leader Azam Khan, BSP chief Mayawati today said that Mr Khan's continued incarceration is being regarded as a "strangulation of justice" by the common man.

Economists say an early interest rate hike by the Bangko Sentral ng Pilipinas is possible next week, after the government reported a stronger-than-expected 8.3 percent gross domestic product growth in the first quarter of the year.

The net inflow of foreign direct investments bounced back with a 46.3 percent rise in February after contracting by 16 percent in January, as the government was able to contain the resurgence of COVID cases during the review period, according to the Bangko Sentral ng Pilipinas.