Business

At its meeting on monetary policy today, the Monetary Board decided to maintain its policy rate, the interest rate on the Bangko Sentral ng Pilipinas (BSP’s) overnight reverse repurchase (RRP) facility, steady at 3.0 percent. The corresponding interest rates on the overnight lending and deposit facilities were also kept unchanged.

Risk-off sentiment overseas impacted on the Philippine Stock Exchange index (PSEi) and the peso Friday.

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The constituents of Libertad in Butuan City, Agusan del Norte, led by its local government leaders and Department of Health officials, came together to celebrate the inauguration of the town’s newly rehabilitated rural health unit.

LAHUG, CEBU CITY—January 25, 2018—Honda Philippines, Inc. (HPI), an innovator of cutting-edge motorcycles, recently opened its Honda Big Bike Showroom to the public in its Flagship Shop at Lahug, Cebu City.

An economist of ING Bank Manila said the Bangko Sentral ng Pilipinas’ (BSP) inflation forecast for January 2018, at 3.5 to 4 percent, may concern the market since the upper end is already higher than the central bank’s 3.2 percent average projection for the year.

By Leslie Gatpolintan Net income of Metropolitan Bank & Trust Company (Metrobank) rose 10-percent to PHP18.2 billion in 2017, Metrobank President Fabian Dee reported Thursday to the Philippine Stock Exchange (PSE) Thursday.

By Joann Villanueva Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said the peso “is just fine” amid its recent weakness and stressed that the currency’s performance only reflected current market environment.

By Joann Villanueva Impact of the first tax reform package on inflation is “more or less as expected” but Bangko Sentral ng Pilipinas (BSP) officials continue to monitor developments to be able to make the necessary adjustments if needed.

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) was named for the fourth time in the past five years as Best Stock Exchange in Southeast Asia by institutional investment magazine Alpha Southeast Asia.