March 27, 2017, 8:50 pm
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Banking And Finance

Consumers remain optimistic; outlook broadly steady

Consumer outlook was broadly steady for first quarter of this year, with the overall confidence index (CI) decreasing slightly to  8.7 percent from 9.2 percent for the previous quarter. 

Current account remains in surplus

For the 14th consecutive year, the country’s current account recorded a surplus, bringing the balance of payments position for full year 2016 to a deficit of $420 million, a reversal of the $2.6 billion surplus registered in 2015.

Rate hike keeps pressure on loan pricing

NEW YORK - Investors seeking to offset the effects of the Federal Reserve’s interest rate hike on Wednesday are pouring money into US loan funds, which is expected to keep a $208 billion refinancing wave rolling as new leveraged loans remain in short supply.

A return to normalcy or a whole new round of uncertainty?

LONDON - After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy -- or instead take investors into a whole new round of uncertainty.
 

Fed, ECB go their separate ways

FRANKFURT - Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight
 

BUT BOJ GOAL STILL DISTANT: Japan consumer prices rise for 1st time in year

TOKYO - Japan’s core consumer prices rose for the first time in over a year in January thanks to a pickup in energy costs, but a slump in household spending showed why economic growth and inflation have lagged the more ambitious goals set out by policymakers.

S. Korea’s inflation pulls back, demand seen slack

SEOUL- South Korea’s inflation slowed slightly in February from the previous month as price pressures stayed largely muted, data showed on Friday, giving the central bank some space to cut rates if needed amid growing economic risks.

BDO posts record P26B income in 2016

BDO Unibank, Inc. (BDO) delivered a net income of P26.1 billion in 2016 on the back of strong results across its core businesses. 
 

PH improves 12 notches in Global Economic Freedom Rankings

The Philippines improved 12 notches to 58th place in 2017 from 70th in 2016 in economic freedom, based on the Heritage Foundation’s 2017 Index of Economic Freedom released in Washington, D.C.
 

Outstanding achievement

BSP Governor Amando Tetangco, Jr. was conferred the 2016 Outstanding Achievement Award by FinanceAsia a Hong Kong-based publication that covers investment banking, capital markets, and strategic corporate finance in Asia Pacific. 
 

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Front Page

Column of the Day

Duterte immobilized

By DODY LACUNA | March 24,2017
700 View(s) 0 Comment(s)
‘He should deter the AIDS outbreak victimizing the youth whom he has pledged to protect always.’

Opinion of the Day

Reviving Laguna de Bae (2)

By DAHLI ASPILLERA | March 27, 2017
318 View(s) 0 Comment(s)
‘Industry and residents must be disciplined; penalized. “We are doing all these for the local subsistence fishermen.” – Jaime Medina, LLDA general manager.’