Philippine stocks finished lower Wednesday as the Bangko Sentral ng Pilipinas hinted of another interest rate hike in November.
The Philippine Stock Exchange index dipped 10.11 points, or 0.16 percent, to close at 6,253.96, while the broader all-shares index inched lost 1.82 points, or 0.05 percent, to settle at 3,384.45. Regina Capital and Development Corp head of sales Luis Limlingan said the market edged lower ahead of the release of US inflation rate data coupled by the BSP’s statement not ruling out another 25 basis points rate hike next month.
The BSP raised interest rates by a total of 425 basis points to 6.25 percent to rein in inflation before pausing in the last four meetings.The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, will likely raise the policy interest rate by...Lazada, a leading e-commerce platform, teamed up with the Department of Trade and Industry for the 2023 Philippine Creative...DMCI Holdings Inc.
Manila Standard website , launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry.
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