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BSP 28-day bills rate rise anew

RATE UPTICK. The average rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day securities increases anew on Friday (Aug. 19, 2022). BSP Deputy Governor Francisco Dakila Jr. traced this to another hike in the central bank's key rates. (Photo courtesy of BSP) MANILA - The Bangko Sentral ng Pilipinas' (BSP) 28-day securities registered on Friday another rate increase even as demand remained high. Data released by the central bank showed that the average rate of the debt paper increased to 3.9762 percent from 3.7564 percent during the auction last August 12. The BSP offered the debt paper for PHP120 billion, lower than the PHP160 billion last week. Total bids reached PHP147.6 million, thus the full award of the securities. In a statement, BSP Deputy Governor Francisco Dakila Jr. said yields accepted in this week's securities trading "shifted higher to a range of 3.7500-4.2000 percent." "The results of the BSP bill auction reflected the increase in the BSP pol ....

Bangko Sentral , Francisco Dakila Jr , Governor Francisco Dakila , Monetary Board , Rate Uptick The Average Of Bangko Sentral Ng Pilipinas 39 Bsp 28 Day Securities Increases Anew On Friday Aug 19 , 022 Bsp Deputy Governor Francisco Dakila Jr Traced This To Another Hike In The Central Bank 39s Key Rates Photo Courtesy Of Manila Bangko Sentral Ng Pilipinas 39 28 Day Securities Registered On Friday Rate Increase Even As Demand Remained High Data Released By Showed That Average Debt Paper Increased 3 9762 Percent From 7564 During Auction Last August 12 Offered For Php120 Billion , Ower Than The Php160 Billion Last Week Total Bids Reached Php147 6 Million , Hus The Full Award Of Securities Ina Statement , Sp Deputy Governor Francisco Dakila Jr Said Yields Accepted In This Week 39s Securities Trading Quot Shifted Higher Toa Range Of 3 7500 4 2000 Percent The Results Bsp Bill Auction Reflected Increase Policy Rate Which Was Already Priced Partly Previous , Uot He Said On Thursday , He Policy Making Monetary Board Mb Hiked The Bsp 39s Key Rates By 50 Basis Points As Authorities Continue To See Acceleration In Domestic Inflation Rate Until Around October Or November This Year Quot Looking Ahead , He Bsp 39s Monetary Operations Will Remain Guided By Its Assessment Of The Latest Liquidity Conditions And Market Developments , Uot Dakila Added Pna ,

NegOcc to reactivate infectious disease body vs. monkeypox

BACOLOD CITY - The province of Negros Occidental is set to reactivate the Provincial Infectious Disease Action and Control Council (PIDACC) as a measure to counter the threat of monkeypox infections. Dr. Ernell Tumimbang, provincial health officer, said Friday the province needs to put in place preparations in hospitals and among local government units (LGUs). "I have informed the governor (Eugenio Jose Lacson) and Provincial Administrator Rayfrando Diaz that we have to activate the PIDACC. It focuses on emerging and re-emerging diseases, " he added. Tumimbang said although there is still no case of monkeypox in Negros Occidental, the country already has a confirmed case, which should prompt the province to be ready. "It's better that we are prepared. But right now, we are focused on advocacy, and monitoring and surveillance," he said. On Thursday, the Department of the Interior and Local Government (DILG) urged LGUs to undertake proactive measures to help preve ....

Negros Occidental , Rayfrando Diaz , Ernell Tumimbang , Eugenio Jose Lacson , Benjamin Benhur Abalos Jr , Department Of The , Department Of Health , World Health Organization , Provincial Infectious Disease Action , Control Council , Provincial Administrator Rayfrando Diaz , Local Government , World Health , Bacolod City The Province Of Negros Occidental Is Set To Reactivate Provincial Infectious Disease Action And Control Council Pidacc Asa Measure Counter Threat Monkeypox Infections Dr Ernell Tumimbang , Provincial Health Officer , Aid Friday The Province Needs To Put In Place Preparations Hospitals And Among Local Government Units Lgus Quoti Have Informed Governor Eugenio Jose Lacson Provincial Administrator Rayfrando Diaz That We Activate Pidacc It Focuses On Emerging Re Diseases , Uot He Added Tumimbang Said Although There Is Still No Case Of Monkeypox In Negros Occidental , He Country Already Hasa Confirmed Case , Hich Should Prompt The Province To Be Ready Quot It 39s Better That We Are Prepared But Right Now , E Are Focused On Advocacy , Nd Monitoring And Surveillance , Uot He Said On Thursday , He Department Of The Interior And Local Government Dilg Urged Lgus To Undertake Proactive Measures Help Prevent Monkeypox Transmission Spread In Their Respective Areas Jurisdictions Ina Statement , Ilg Secretary Benjamin Quot Benhur Abalos Jr Enjoined Governors And Mayors To Ensure The Readiness Of Their Respective Local Health Offices , Pidemiologic And Surveillance Units , Nd Barangay Health Emergency Response Teams To Implement The Department Of Guidelines And Protocols On Surveillance ,

PH growth to remain strong amid challenges

REMAIN STRONG. The Philippine economy is expected to remain strong amidst the threat of inflation and monetary policy tightening around the world. It is seen to grow at around 8 percent level for the second quarter. (PNA file photo) MANILA - Growth in the second quarter and the rest of 2022 is expected to remain strong amid the threats of inflation and other external events. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort forecasts second quarter economic growth of at least 8 percent, "largely driven by the further reopening of the economy towards greater normalcy." Ricafort said easing of movement restrictions, with more than 80 percent of localities nationwide under Alert Level 1, is "an important turning point in the country's economic recovery" compared to year-ago. He said the spike in local coronavirus disease 2019 (Covid-19) and delays in the arrival of Covid-19 vaccines in early 2021 served as a low base to this year's fi ....

San Carlos , Negros Occidental , Michael Ricafort , Bangko Sentral , Francisco Dakila Jr , Rizal Commercial Banking Corporation , Development Budget Coordination Committee , Federal Reserve , Commercial Banking Corporation , Alert Level , Governor Francisco Dakila , Remain Strong The Philippine Economy Is Expected To Amidst Threat Of Inflation And Monetary Policy Tightening Around World It Seen Grow At 8 Percent Level For Second Quarter Pna File Photo Manila Growth In Rest 2022 Amid Threats Other External Events Rizal Commercial Banking Corporation Rcbc Chief Economist Michael Ricafort Forecasts Economic Least , Uot Largely Driven By The Further Reopening Of Economy Towards Greater Normalcy Quot Ricafort Said Easing Movement Restrictions , Ith More Than 80 Percent Of Localities Nationwide Under Alert Level 1 , S Quot An Important Turning Point In The Country 39s Economic Recovery Compared To Year Ago He Said Spike Local Coronavirus Disease 2019 Covid 19 And Delays Arrival Of Vaccines Early 2021 Served Asa Low Base This First Quarter Output Thus , Uot Any Growth In 2q Second Quarter 2022 Could Be Mathematically Magnified Quot Election Related Spending Also Add To Gdp Gross Domestic Product Amid Large Crowds Various Campaign Meetings Rallies Nationwide And Relatively Lower New Covid 19 Cases Increased Vaccination Booster Doses Vs , Uot He Said Another Boost To Domestic Growth Is The Frontloading For Some Infrastructure Projects Ahead Of National Polls , E Added Ricafort Said The Resumption Of Foreign Tourism Since Last February And Easing Restrictions For Domestic Travels , Long With The Partial Face To Classes , Lso Supported The Economic Recovery These Factors Are , Xpected To Be Countered By Elevated Inflation Rate Caused Higher Prices Of Oil And Other Commodities In The International Market , He Ukraine Russia Conflict , Nd Global Supply Chain Disruptions Quot Thus , Elatively Stronger Gdp Growth Data Could Support And Justify Any Further Hike In Local Policy Rates , Ignaling That The Economy Is Already Relatively Stronger Enough To Support Weather Any Local Policy Rate Hikes Would Help Manage Both Inflation And Expectations , Uot He Said On Thursday ,

BSP 28-day bills' rate rises after BSP rate hike

REMAINED STRONG. The rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day securities rises on Friday (July 15, 2022), which BSP Deputy Governor Francisco Dakila Jr. attributes to the surprise 75 basis points increase in the central bank's key rates on Thursday. He said demand for the debt paper remained strong despite the rise in the central bank's policy rates. (Photo from BSP) MANILA - The rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day bills rose on Monday but the central bank said demand for the paper remained strong. The average rate of the debt paper, which is among the BSP's tools to mop up excess liquidity from the financial system, inched up to 3.3958 percent from 2.8635 percent during the auction last July 8. The BSP kept the offer volume at PHP150 billion and bids reached PHP236.25 billion. The auction committee made a full award. In a statement, BSP Deputy Governor Francisco Dakila Jr. said yields accepted during the securities auction this week a ....

Bangko Sentral , Francisco Dakila Jr , Governor Francisco Dakila , Monetary Board , Remained Strong The Rate Of Bangko Sentral Ng Pilipinas 39 Bsp 28 Day Securities Rises On Friday July 15 , Hich Bsp Deputy Governor Francisco Dakila Jr Attributes To The Surprise 75 Basis Points Increase In Central Bank 39s Key Rates On Thursday He Said Demand For Debt Paper Remained Strong Despite Rise Policy Photo From Manila Rate Of Bangko Sentral Ng Pilipinas 39 28 Day Bills Rose Monday But Average , Hich Is Among The Bsp 39s Tools To Mop Up Excess Liquidity From Financial System , Nched Up To 3 3958 Percent From 2 8635 During The Auction Last July 8 Bsp Kept Offer Volume At Php150 Billion And Bids Reached Php236 25 Committee Madea Full Award Ina Statement , Sp Deputy Governor Francisco Dakila Jr Said Yields Accepted During The Securities Auction This Week Also Quot Shifted Higher And Widened Toa Range Of 2 8530 3 4900 Percent Results Reflect That Bsp Bill Rates Rose In Response To 75 Bp Rate Hike Yesterday , Uot He Said On Thursday , He Central Bank 39s Policy Making Monetary Board Mb Decided An Off Cycle Rate Hike On The Bsp Key Rates Ina Bid To Help Address Risks Inflation And Buoy Outlook As Price Pressures Mount Given Ongoing Normalization Around World Increase , He Biggest One Time Adjustment To Date , Rought The Bsp 39s Overnight Reverse Repurchase Rrp Rate To 3 25 Percent , He Overnight Deposit Rate To 2 75 Percent , Nd The Overnight Repurchase Rate To 3 75 Percent Amidst Uptick , Akila Said Quot Liquidity In The Financial System Remains Ample And Continues To Support Normal Market Conditions Looking Ahead , He Bsp 39s Monetary Operations Will Continue To Be Guided By Its Assessment Of The Latest Liquidity Conditions And Market Developments , Uot He Added Pna ,

PRRD as possible drug czar to continue gov't fight for peace

BUSTED. An anti-illegal drug operative inspects the PHP16.9 million worth of illegal drugs seized in Quezon City on Nov. 5, 2021. From July 2016 to March 2022, authorities have confiscated PHP88.83 billion worth of illegal drugs nationwide. (Photo courtesy of PNP) MANILA - Malacanang on Friday welcomed the possibility that President-elect Ferdinand "Bongbong" Marcos Jr. will designate President Rodrigo Duterte as his drug czar. Acting Deputy Presidential Spokesperson and Communications Undersecretary Michel Kristian Ablan said the Palace sees no hindrance in Duterte leading the Marcos administration's anti-narcotics campaign. "There is no legal impediment for a former president to assume an executive position in the executive branch," Ablan said in a virtual press conference. "Welcome po iyang balita na iyan dahil si President na mismo ang nagsabi na kailangan pa ring tuluy-tuloy po ang laban sa droga (We welcome that news because the President said the fig ....

Ferdinand Bongbong Marcos Jr , Rodrigo Duterte , Philippine Drug Enforcement Agency , Communications Undersecretary Michel Kristian Ablan , President Elect Ferdinand , President Rodrigo Duterte , Deputy Presidential Spokesperson , President Duterte , Real Numbers , Philippine Drug Enforcement , Busted An Anti Illegal Drug Operative Inspects The Php16 9 Million Worth Of Drugs Seized In Quezon City On Nov 5 , 021 From July 2016 To March 2022 , Uthorities Have Confiscated Php88 83 Billion Worth Of Illegal Drugs Nationwide Photo Courtesy Pnp Manila Malacanang On Friday Welcomed The Possibility That President Elect Ferdinand Quot Bongbong Marcos Jr Will Designate Rodrigo Duterte As His Drug Czar Acting Deputy Presidential Spokesperson And Communications Undersecretary Michel Kristian Ablan Said Palace Sees No Hindrance In Leading Administration 39s Anti Narcotics Campaign There Is Legal Impediment Fora Former To Assume An Executive Position Branch , Uot Ablan Said Ina Virtual Press Conference Quot Welcome Po Iyang Balita Na Iyan Dahil Si President Mismo Ang Nagsabi Kailangan Pa Ring Tuluy Tuloy Laban Sa Droga We That News Because The Fight Against Illegal Drugs Must Continue Final Decision Is Up To Duterte Who Expressed His Plan Retire From Politics After Presidency , Blan Said Quot Now , Hether Tatanggapin Po Iyan Ni President Duterte , Asa Kaniya Na Po Iyan It Is Still Up To President Duterte If He Would Accept The Offer Sa Pagkakaalam Namin As Far We Know , He President Is Looking Forward To His Retirement , Uot He Said On Thursday , Arcos Said He Is Open To Tapping Duterte As His Government 39s Anti Drug Czar But Has Yet Offer The Post Predecessor Had Repeatedly Hoped That Successor Would Continue War On Illegal Drugs Ina Recent Speech , Uterte Said He Would Continue To Takea Vital Role In Fighting Illegal Drugs Even Beyond His Term Ensure Peace And Order The Country Exhorted Marcos Protect Youth Against Menace As Of March 2022 , A Total Of 14 , 888 High Value Targets Have Been Arrested Since The Drug War Was Launched In July 2016 , Ccording To The Real Numbers Data Released By Philippine Drug Enforcement Agencya Total Of 336 , 796 Persons Were Arrested While 6 , 241 Drug Suspects Died During 233 ,