Naia parking saga continues

If you thought the parking drama at the country's main gateway is over, you're in for a ride. ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

View in browser   |   Download our app October 18, 2024 ECONOMY 'Less resilient' peso, price risks seen limiting BSP rate cuts It would be more appropriate for the Bangko Sentral ng Pilipinas (BSP) to proceed with "caution" as it cuts the policy rate, analysts said, with a warning against aggressive easing actions that could weigh on the peso and upset inflation expectations if major supply shocks hit.  By Ian Nicolas P. Cigaral FINANCE Bank of America brings new currency, hedging tools to PH After more than two decades, Bank of America (Bofa) has relaunched its fixed-income, currencies and commodities (FICC) services in the Philippines to meet high demand from institutional clients, especially multinational corporations. FICC is seen to be the "missing piece of the franchise" of Bofa in the Philippines—the American bank's very first home in Asia-Pacific. By Meg J. Adonis BANKING BPI booked record 9-mo income owing to rate cut Bank of the Philippine Islands (BPI) booked record earnings in the first nine months of the year as the Bangko Sentral ng Pilipinas' (BSP) monetary policy easing allowed it to expand its loan portfolio. In a stock exchange filing on Thursday, BPI said its net income expanded by 24.3 percent to P48 billion on "robust revenue growth." By Meg J. Adonis Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Naia parking saga continues If you thought the parking drama at the country's main gateway is over, you're in for a ride. Although higher overnight parking fees at Ninoy Aquino International Airport (Naia) had already been implemented, there are 20 cars that have nevertheless been overstaying in "various parking facilities." By Meg J. Adonis INQUIRER PLUS-EXCLUSIVE PSEI down as weak peso trumps BSP rate cut​ A second round of monetary policy easing was not enough to lift the local bourse on Thursday as anxious investors considered the weakening peso. The benchmark Philippine Stock Exchange Index (PSEi) shed 0.49 percent, or 36.67 points, to close at 7,400.33. By Meg J. Adonis Try Inquirer Plus. Inquirer Plus is the Philippine Daily Inquirer's premium subscription service. Register for a free 30-day trial to get access to Inquirer's fearless reporting, exclusive stories and more. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2024 PHILIPPINE DAILY INQUIRER, Barangay La Paz, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime