MAYVELIN U. CARABALLO, TMT

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Investors shun long-term risk Bond yields in the Philippines and China trended higher in the weeks from March 1 to May 15, in contrast to declines in most emerging East Asian markets, the Asian Development Bank (ADB) said in a report. Accelerating inflation and higher volumes of Treasury bond issues…

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Slides from April surplus; widens gap from yr earlier by 89% THE national government’s budget balance reverted to a deficit in May from a surplus in April, although that did not cause the year-to-date gap to swell beyond the deficit from a year earlier. The budget balance in May swung…

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The Philippine central bank’s Monetary Board decided on Thursday to keep its key interest rates steady, with “manageable” price trends prompting a downward revision to its inflation outlook for 2017. “The Monetary Board’s decision is based on its assessment that the outlook for inflation continues to be manageable,” Bangko Sentral…

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“The peso actually depreciated on account of pronouncements of some Fed officials that even if inflation is still off-target, the fact that labor market conditions are becoming tighter, that would in effect be transmitted in terms of higher inflation. As the labor market continues to tighten, there would be some…

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THE general government (GG) debt-to-gross domestic product (GDP) ratio improved to 34.6 percent in 2016 on the back of circumspect cash and debt management, the Department of Finance (DoF) reported on Thursday. In a statement, the DoF said the GG debt-to-GDP improved to 34.6 percent in 2016 from 36.2 percent…

TO TURN DBP INTO AN INFRASTRUCTURE BANK

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STANDARD Chartered Bank has shown interest in helping build Mindanao Railway and converting a state-owned lender into an infrastructure bank, the Department of Finance (DoF) said on Thursday. StanChart wants to provide financial and technical assistance to the Philippines in implementing the proposed railway system in Mindanao under the government’s…

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SECURITY Bank Corp. said it has completed fixing the delay in posting banking transactions it encountered on Tuesday, saying all services that were affected are now available. “Security Bank is pleased to inform our valued customers that our maintenance activity has been completed and all services that were affected by…

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HINTS of more interest rate hikes in the United States hit the longer tenor of the term deposit facility (TDF) during Wednesday’s. Out of the P180 billion offer, the Bangko Sentral ng Pilipinas (BSP) awarded only P123 billion. Bids for the seven-day tenor were oversubscribed at P78.32 billion, prompting the…

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Philippine monetary authorities decided to keep key interest rates steady at Thursday’s board meeting, revising downward its inflation outlook for 2017. “The Monetary Board’s decision is based on its assessment that the outlook for inflation continues to be manageable,” Bangko Sentral ng Pilipines (BSP) Governor Amando Tetangco Jr. told reporters…

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