Monday, September 23, 2024

Anger is energy

Business leaders from diverse industries worldwide all have to regularly face overwhelming challenges ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

 

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September 24, 2024

 

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BANKING

Odds of October BSP easing rise after jumbo US Fed cut


The outsized interest rate cut by the US Federal Reserve could boost the confidence of the Bangko Sentral ng Pilipinas (BSP) to slash borrowing costs again next month, a move that will seal the Philippines' status as having one of the most dovish central banks in Asia.


By Ian Nicolas P. Cigaral

 

STOCK MARKET

PSEi powers through 7,400 in best performance in 31 months


The local bourse clinched a 31-month high on Monday as it barreled through the 7,400 level fueled by the Bangko Sentral ng Pilipinas' (BSP) move to cut the cash buffer requirement for banks, but analysts warned a big plunge may be forthcoming. 


By Meg J. Adonis

 

ECONOMY

T-bills rates fall amid RRR cut, US Fed easing


Yields on Treasury bills (T-bills) went down as expected in Monday's auction as the US Federal Reserve kicked off its easing cycle and the local central bank announced cuts to banks' reserve requirement ratio (RRR). The Bureau of the Treasury (BTr) was able to borrow its target amount of P20 billion via T-bills as the total bids reached P93.26 billion.


By Mariedel Irish U. Catilogo

 

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BIZ BUZZ

Singson out, Perez in?


The MVP Group is not yet done shaking up its top management. First, Anastacio "Boy" Martirez was brought back to the telco group as the new chief operating officer of Smart Communications Inc. Then, Menardo "Butch" Jimenez Jr. was named executive vice president and chief operating officer of PLDT.


By Tina Arceo-Dumlao

 

INQUIRER PLUS-EXCLUSIVE

New SEC office opens in Koronadal


The Securities and Exchange Commission (SEC) has opened its fifth office in Mindanao, this time in Koronadal for corporations based in the South Cotabato city. The corporate watchdog on Monday said its new extension office was built to cater to more Soccsksargen-based firms.


By Meg J. Adonis


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