A vendor arranges vegetables at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMATHE Bangko Sentral ng Pilipinas (BSP) raised its key interest rate for the first time since 2018 to tame rising inflation.The Monetary Board on Thursday increased the benchmark rate by 25 basis points (bps) to 2.25%, as expected by eight out of 17 analysts in ...

BW FILE PHOTOSOURED LOANS held by Philippine banks declined in March, bringing the nonperforming loan (NPL) ratio to its lowest in three months amid the further reopening of the economy.Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed the banking industry’s gross NPL ratio slipped to 4.08% in March from 4.21% a year ago. It is also ...

A view of residential condominium buildings in Mandaluyong City, Metro Manila, Philippines, Aug. 22, 2016. — REUTERSBy Luz Wendy T. Noble, Reporterand Tobias Jared TomasCREDIT RATING agencies will keep a close eye on how the incoming Marcos administration will manage the country’s mounting debt in assessing the Philippines’ sovereign rating.Moody’s Investors Service is also concerned over debt affordability as it ...

REUTERSWASHINGTON — Global central banks hoping that high inflation would ease through improving global supply chains saw little relief through April as new coronavirus lockdowns in China and the war in Ukraine lengthened delivery times and drove costs higher, new analyses from the New York Federal Reserve and others indicate.A global supply chain pressure index, released on Wednesday by the ...

THE ADVENTURES of Mike, Lucas, Dustin, Max, Will, and Eleven continue despite their separation and having to adjust to life as teenagers in the fourth season of Stranger Things, which the stars describe as “the beginning of the end.”Since its release in 2016, the American science fiction horror drama Stranger Things — created and executive produced by Matt and Ross ...

By Arjay L. Balinbin, Senior ReporterTHE PLDT group announced on Thursday that it intends to conduct a space-based cellular broadband testing in the country with its US-based partner AST SpaceMobile.PLDT’s wireless arm Smart Communications, Inc. and AST SpaceMobile recently presented their plans to two government agencies to conduct tests of the latter’s BlueWalker 3 satellite, which is “being designed to ...

PHILIPP KATZENBERGER/UNSPLASHTBILISI — When a friend messaged voice actor Bev Standing to ask whether she was the voice of TikTok’s text-to-speech feature, the Canadian performer’s surprise soon turned to irritation.She had never done work for the popular social media platform, yet the voice was unmistakably hers.Standing concluded that speech recordings she had done for another client years earlier had somehow ...

By Revin Mikhael D. Ochave, ReporterPUREGOLD Price Club, Inc. is aiming to establish 25 stores across the country in 2022 as part of its expansion plans nationwide.Puregold Vice-President for Operations Antonio E. De Los Santos said in a press conference for its Tindahan ni Aling Puring Negosyo Convention on Thursday that majority of the company’s store expansion target this year ...

NIKITA KOSTRYKIN/UNSPLASHTOKYO — Japanese conglomerate Sony Group Corp. said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.The metaverse is a vague term encapsulating the idea that consumers will spend more time in online simulated environments. While the concept is evolving, it has ...

THE Securities and Exchange Commission (SEC) proposed rules for the qualification and eligibility of personal equity and retirement account (PERA) investment products.In an advisory dated May 17, the commission listed examples of eligible PERA investment products, which can be a newly formed mutual fund, including any sub-fund of an umbrella fund and exchange traded funds.Government securities, securities issued by the ...