News: 2-4% inflation seen until 2026

Monday, December 9, 2024

2-4% inflation seen until 2026

December 10, 2024

ECONOMY

'Target consistent' inflation seen until 2026

Inflation could settle within the 2 to 4 percent target range of the Bangko Sentral ng Pilipinas (BSP) this year until 2026 barring any supply shocks, a condition that would be supportive of the central bank's ongoing campaign to boost economic growth, Metrobank Research said.

By Ian Nicolas P. Cigaral

EDUCATION

Phinma buys St. Jude Dasmariñas

The education arm of conglomerate Phinma Corp. will make its entry into the Cavite market after taking over St. Jude College (SJC) Dasmariñas for P432 million. In a regulatory filing on Monday, Phinma said SJC Dasmariñas would add 3,000 students to the network of Phinma Education Holdings Inc.

By Meg J. Adonis

FINANCING

T-bill rates trek higher as market awaits BSP move

The government was still able to raise its target amount of short-term local borrowings during Monday's sale of Treasury bills (T-bills) despite higher rates sought by creditors, as the uptick in November inflation led some market watchers to believe that the central bank might hit pause on its easing this month.

By Ian Nicolas P. Cigaral

Like this email?

Forward it to your friends and let them know that they can sign up here.

BIZ BUZZ

Meralco powers Naia

Passengers, as they should, often complain about power interruptions at the Ninoy Aquino International Airport (Naia). Imagine staying at a congested airport with no power—stressful and uncomfortable! Naia caretaker NNIC is addressing this concern through a partnership with Meralco.

By Tyrone Jasper C. Piad

INQUIRER PLUS-EXCLUSIVE

PSEi slips below 6,700 ahead of investment data

Local stocks slipped on Monday as investors awaited the latest foreign direct investment (FDI) data. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) shed 0.72 percent, or 48.57 points, to 6,680.57. Likewise, the broader All Shares Index dipped by 0.36 percent, or 13.57 points, to close at 3,777.11.

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.