BusinessWorld
May 25, 2021 | 8:42 pm
REUTERS
EMERGING MARKETS including the Philippines are expected to be “quite resilient” in the event interest rates rise, with many countries weighting their government debt in favor of local-currency issues, according to S&P Global Ratings.
A stress-test scenario of a 300-basis points rate hike indicated that emerging markets are likely to incur a 1 percentage point increase in interest expenses relative to gross domestic product (GDP) by 2023.
“Emerging-market borrowers Brazil, China, India, South Korea, the Philippines, and South Africa finance themselves almost exclusively in local currency, giving them greater control over their cost of funding,” it said in a note Monday.
Manila archbishop installation to be held under strict protocols visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
Short-term benchmark interest rates moved slightly at Monday’s (May 24) auction.. The 91-day Treasury bills fetched an interest rate of 1.269 percent, marginally easing from the previous week’s 1.270 percent.
Demand for the three-month government IOUs reached P16.96 billion, but the Bureau of the
(Photo from the Facebook page of Archdiocese of Capiz / FILE PHOTO)
The Archdiocese of Manila said this will ensure that, while the different groups and sectors are given a chance to welcome the new Archbishop, health protocols are strictly observed.
Based on the schedule released by the Chancery of the Archdiocese of Manila, Sunday, May 23, the Solemn Installation of Advincula and Mass will be held on June 24, at the Manila Cathedral, Intramuros, Manila.
Cardinal Advincula will be formally welcomed to Intramuros at 8 a.m. by the Mayor of Manila and the Administrator of Intramuros at the Postigo Gate.
The Archdiocese of Manila said the historic gate was used exclusively by the Archbishops of Manila and Governors-General of the Philippines during the Spanish times.
Prices of gasoline down, diesel up visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.