Page 6 - Cna Statement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

RATE RISES. The rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day securities rises anew on Friday (June 10, 2022), which BSP Deputy Governor Francisco Dakila Jr. (in photo) traced to investors' expectation for more central bank rate hikes. Both the BSP and the Federal Reserve are expected to announce another rate increase this month. (Photo from BSP) MANILA - Expectations for more hikes in central banks' key policy rates again resulted in the hike in the Bangko Sentral ng Pilipinas' (BSP) 28-day securities. BSP data show that average rate of the debt paper increased to 2.65...

MANILA - A lawmaker on Monday said the country's debt-to-gross domestic product (GDP) level is expected to decline every year from 2023, as long as the fiscal conditions do not deteriorate. Albay Rep. Joey Salceda said the country's debt-to-GDP ratio at 61 percent is high but manageable, especially if the GDP growth significantly outpaces debt growth. "What should matter is whether our debt is growing faster than the size of our economy. Because if we are significantly outpacing debt growth, it means we are spending our borrowings right -- and we can pay our debts well," he t...

President-elect Ferdinand "Bongbong" Marcos Jr. (File photo) MANILA - President-elect Ferdinand "Bongbong" Marcos Jr. on Thursday bared more appointees to his incoming Cabinet a day after his proclamation as the 17th President of the Philippines. In a press conference, Marcos named former University of the Philippines (UP) president Alfred Pascual as the next head of the Department of Trade and Industry (DTI) under his administration. "I've asked Fred Pascual to head the DTI and he has agreed," he said. Pascual is the current president of the Management Associ...

BSP Deputy Governor Francisco Dakila Jr. (PNA file photo) MANILA - Rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday and the seven-day facility was undersubscribed, following the hike in the central bank's key rates last week. Data released by the central bank showed that average rate of the one-week facility increased to 2.1962 percent and the 14-day facility's to 2.2369 percent. These were at 1.9823 percent and 2.0932 percent for the one-week and two-week TDF during the auction last May 18. BSP increased the offer volume for the on...

BSP Deputy Governor Francisco Dakila Jr. (PNA file photo) MANILA - Rates of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday and the seven-day facility was undersubscribed, following the hike in the central bank's key rates last week. Data released by the central bank showed that average rate of the one-week facility increased to 2.1962 percent and the 14-day facility's to 2.2369 percent. These were at 1.9823 percent and 2.0932 percent for the one-week and two-week TDF during the auction last May 18. BSP increased the offer volume for the on...