| MARKET INFORMATION | |||
| Market Closed | |||
| As of FRI JAN 20, 2012 15:30:00 PM | |||
| PSE COMPOSITE AND SECTORAL INDICES | |||
| VALUE | CHANGE | % CHG | |
| PSEi | 474790.00% | 47.53 | 1.0112 |
| All Shares | 3,193.15 | 24.09 | 0.7602 |
| Financials | 1,053.54 | 10.66 | 1.0222 |
| Industrial | 7,306.05 | 24.89 | 0.3418 |
| Holding Firms | 3,775.01 | 30.67 | 0.8191 |
| Property | 1,695.90 | 38.47 | 2.3211 |
| Services | 1,785.92 | 8.2 | 0.4613 |
| Mining & Oil | 25,744.83 | 322.46 | 1.2684 |
| MARKET ACTIVITY | |||
| Trades |
| 25668 | |
| Volume | 5,659,447,124 | ||
| Value | 7,448,865,092 | ||
| Advances |
| 108 | |
| Declines |
| 58 | |
| Unchanged |
| 43 | |
BANKO SENTRAL NG PILIPINAS
Key Rates
20 January 2012
| US$ 1.00 | PhP 43.3390 |
| Repo Rate | 6.50% |
| Reverse Repo Rate | 4.50% |
| Inflation Rate | 4.2%(2006=100) |
| (Dec '11) | 4.0%(2000=100) |
| 91-day T-bill Rate | 0.92% |
| Gold Buying/ troy oz. | US$1655.30 |
| Silver Buying | US$30.55 |
Treasury Department
Reference Exchange Rate Bulletin
20 January 2012
| UNITED STATES | DOLLAR | USD | 43.339 |
| JAPAN | YEN | JPY | 0.5618 |
| UNITED KINGDOM | POUND | GBP | 67.1191 |
| HONGKONG | DOLLAR | HKD | 5.5845 |
| SAUDI ARABIA | RIAL | SAR | 11.5561 |
| UNITED ARAB EMIRATES | DIRHAM | AED | 11.7996 |
| CHINA | YUAN | CNY | 6.861 |
| KOREA | WON | KRW | 0.0382 |
| EUROPEAN MONETARY UNION | EURO | EUR | 56.1803 |
Monetary Board Cuts Policy Rates
At its meeting last week, the Monetary Board decided to reduce the BSP's key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also reduced accordingly.
The Monetary Board’s decision is based on its assessment that the inflation outlook remains comfortably within the target range, with expectations well-anchored. Latest baseline forecasts indicate that average annual inflation rates are likely to fall within the lower half of the 3-5 percent target range up to 2013. Pressures on global commodity prices are seen to continue to abate amid weaker global growth prospects. However, the impact of strong capital inflows on domestic liquidity and the effect of geopolitical tensions in the MENA region on global oil supplies will continue to pose upside risks to inflation.
At the same time, the Monetary Board considers the overall balance of global economic activity to be tipping towards a further slowdown. Although the US economy has been showing signs of improvement, it remains vulnerable to financial market volatility amid continued concerns about long-term fiscal sustainability. Meanwhile, the Euro area economy is notably weaker with interlocking sovereign debt and banking problems weighing down on global sentiment. Amidst these developments, the Philippine economy is likely to face external headwinds in 2012. While the Philippine economy continues to expand, sustained domestic spending is expected to compensate for weaker external demand.
Given these considerations, the Monetary Board has concluded that the benign inflation outlook allowed some scope for a reduction in policy rates to help boost economic activity and support market confidence. The BSP shall continue to monitor emerging demand and price developments to ensure that monetary policy settings remain supportive of non-inflationary economic growth.
Treat yourself with a New Nokia handset this New Year!
New Year normally brings with it a celebratory mood along with a burst of energy and optimism, and Sun Cellular adds on to the excitement by offering valuable treats this 2012. From now until January 31, 2012, you get the chance to own Nokia mobile phones and Sun Broadband prepaid kits for FREE when you avail of Sun’s affordable postpaid lines.
With Sun’s Nokia Offer, you get to have not just one, but two or three Nokia handsets if you avail of 2 regular postpaid plans or Group Plans for yourself and your loved ones! Available Nokia phones are: two (2) Nokia C2 or two (2) Nokia C2-01 for two approved Sun Plan 350 lines, two Sun Plan 600 lines or Sun Plan 450 lines; three Nokia C3-03, three Nokia C1-01 or Nokia X1-01 for your choice of one Group Plan P699 or one Group Plan 999.
At the same time, Sun Cellular also allows you to avail of an additional Nokia 101 mobile phone for free with Add-On Plan 150 with your approved lines. This is probably one of the best and most useful gifts you can give your loved ones. Don’t need an extra mobile phone? You can also opt for the Sun Broadband Wireless (SBW) Prepaid Kit. This plug and play broadband wireless allows you to connect to the Internet seamlessly with speeds of up to 3.6 Mbps using your laptop or desktop computer.
Visit The Sun Shop nearest you to avail of Sun Cellular’s New Year Treat. You may also call the Sun Hotline 200 using a Sun-powered mobile phone or (02)395-8000 from any landline to inquire. For more of Sun Cellular’s hottest postpaid deals, log on to www.suncellular.com.ph or visit the Facebook page www.facebook.com/suncellularph. You may also follow Sun Cellular on Twitter via www.twitter.com/suncelltweets for more updates. Per DTI-NCR Permit No. 0077, series of 2012.
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