Day: March 5, 2021

Bigo Live, ANTRA and The Equality Project celebrate Mardi Gras and inclusion of LGBTQIA+ communities in Australia

SYDNEY, March 5, 2021 /PRNewswire/ — As part of the Mardi Gras celebrations in Australia and in partnership with ANTRA and The Equality Project, livestreaming app Bigo Live hosted “Together We Rise”, a panel discussion echoing the theme of this year’s event, “RISE” and focusing on the platform’s diverse community. Held on Friday, 26 February, “Together […]

BSP to maintain rates amid higher inflation

The Bangko Sentral ng Pilipinas (BSP) is likely to maintain an accommodative monetary-policy setting this year as the country’s headline inflation rose for another month. This is according to analysts from ANZ Research, ING Bank Manila, Rizal Commercial Banking Corp. (RCBC), Bank of the Philippine Islands (BPI) and HSBC. A woman passes by chopped pork […]

‘Banks’ credit portfolio quality to worsen’

Credit weakness in the Philippine banking system is likely to continue despite the anticipated economic rebound from the coronavirus pandemic and the implementation of Republic Act 11523, or the “Financial Institutions Strategic Transfer Act” (FIST), according to Fitch Ratings. In a report on Thursday, Fitch Ratings analysts Tamma Febrian and Willie Tanoto said the New […]

Rice-import duties up 58% in January

Duties collected from rice imports grew to P2.04 billion in the first month of 2021, the Bureau of Customs (BoC) reported on Friday. The amount was a 58-percent increase from the P1.29 billion raked in the same month last year. In a statement, Customs Commissioner Rey Leonardo Guerrero cited preliminary data showing that the January […]

Shares close flat as inflation picks up

The stock market ended the week flat after the government announced its latest inflation figures for February. The benchmark Philippine Stock Exchange index (PSEi) declined by 0.02 percent or 1.12 points to close at 6,881.37 while the wider All Shares slipped by 0.11 percent or 4.68 points to finish at 4,158.54. Philstocks Financial inc. senior […]

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