News

Mega merger frenzy evokes 1999 tech boom... and its aftermath?

Jamie McGeever, Reuters
Posted at Jun 21 11:41 AM

By some measures, the global merger and acquisition frenzy has never been greater, fueled by "TMT" mega deals that are drawing comparisons with the late 1990s boom and spectacular bust.   Read more »

Bangko Sentral hikes key borrowing rate for 2nd time this year

ABS-CBN News
Posted at Jun 20 04:09 PM

The Bangko Sentral's move came a week after the US Federal Reserve signaled a faster-than-expected policy tightening pace. Read more »

Bangko Sentral to prevent 'excessive peso volatility'

ABS-CBN News
Posted at Jun 19 10:32 AM

The peso opened at P53.39 to the dollar on Tuesday, from Monday's close of P53.48, holding at its lowest level in 12 years. Read more »

Economic managers in Japan for investment roadshow

ABS-CBN News
Posted at Jun 18 10:34 AM

An economic briefing is scheduled in the Japanese capital on Monday. Filipino officials will also pitch the Philippines planned samurai or yen-denominated bonds, officials said. Read more »

US interest rate policies pose risks to global, PH economy

ABS-CBN News
Updated as of Jun 15 08:19 PM

The United States' interest rate policies are going to "make a big impact" to the global economy including the Philippines, an analyst said on Friday. Read more »

Japan OKs plan to welcome more foreign workers amid labor crunch

Kyodo News
Posted at Jun 15 06:38 PM

The plan is expected to open the country's doors to blue-collar laborers from abroad in contrast to the highly skilled workers it currently accepts. Read more »

Peso holds at 53 vs $1 after Fed raises rates

ABS-CBN News
Posted at Jun 14 11:23 AM

The peso weakened further against the dollar on Thursday, holding at its lowest in 12 years, after the Federal Reserve raised interest rates and signaled up to 2 more this year. Read more »

Fed lifts rates amid stronger inflation, drops crisis-era guidance

Howard Schneider and Jason Lange, Reuters
Posted at Jun 14 08:08 AM

In raising its benchmark overnight lending rate a quarter of a percentage point to a range of 1.75 percent to 2 percent, the Fed dropped its pledge to keep rates low enough to stimulate the economy "for some time" and signaled it would tolerate inflation above its 2 percent target at least through 2020. Read more »

Iran, Venezuela supply gap to dominate OPEC meet: IEA

Agence France-Presse
Posted at Jun 13 06:33 PM

An oil production shortfall in Iran and Venezuela may force OPEC and Russia to decide later this month to open their taps, the International Energy Agency said Wednesday. Read more »

PH a 'hard sell' to foreign investors: European business group

ABS-CBN News
Posted at Jun 13 04:43 PM

The Philippines is currently a "hard sell" to foreign investors as the country reviews corporate income taxes and incentives, the head of a European trade group said on Wednesday. Read more »

Why the peso is languishing vs the dollar

ABS-CBN News
Updated as of Jun 13 05:57 PM

The peso touched the 53 level against the dollar on Wednesday, as investors awaited interest rate decisions in the US and Europe. Read more »

3 Ways to Financially Prepare for the Freelancer Life

MoneyMax.ph
Updated as of Jun 14 09:06 AM

Becoming a full-time freelancer without financial preparation is risky, unpredictable, and nerve-racking.    Read more »

Toyota investing $1 billion in Grab

Agence France-Presse
Updated as of Jun 13 12:59 PM

Toyota said Wednesday it was investing $1 billion in Asian ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the "mobility" sector. Read more »

Espenilla: BSP to decide on rates under 'fairly complex' setting

ABS-CBN News
Updated as of Jun 13 11:10 AM

The Monetary Board, under Espenilla, raised the benchmark borrowing rate by 25 basis points at its last meeting on May 10, the first increase in nearly 4 years after inflation reached a 5-year peak in April. Read more »

Peso touches 53 vs $1 ahead of Fed, ECB meetings

ABS-CBN News
Posted at Jun 13 09:51 AM

The peso was trading at 53.079 shortly after trading resumed from the Independence Day holiday on Tuesday, Bloomberg data showed. Read more »

Fuel prices push annual US consumer inflation to six-year high in May

Agence France-Presse
Posted at Jun 12 09:20 PM

Sharp increases in the prices for gasoline, fuel oil, shelter and medical care helped send a key measure of annual US consumer inflation to a six-year high in May, according to new data Tuesday. Read more »

Trade tensions swirl as US Fed opens policy meeting

Douglas Gillison, Agence France-Presse
Posted at Jun 12 11:54 AM

The US central bank was due to open a 2-day policy meeting Tuesday that markets overwhelmingly expect will produce the second interest rate hike of the year. Read more »

FDI net inflows up 43.5 pct in first quarter

ABS-CBN News
Posted at Jun 11 07:52 PM

This brought the total FDI net inflow in the first three months of the year to $2.2 billion. Read more »

Peso nears 53 vs $1, economic managers not worried

ABS-CBN News
Updated as of Jun 11 09:22 PM

The peso hovered near the P53 to the dollar level, holding at its lowest level in 12 years, but economic managers said they were not worried. Read more »

Consumer confidence doubles in Q2

ABS-CBN News
Posted at Jun 09 12:08 AM

Filipino consumers remain optimistic as expectations of improving peace and order situation as well as the better economy offset worries on faster inflation.  Read more »