Credit information system up by December
STATE-RUN Credit Information Corp. (CIC) has pushed back anew the full launch of the country’s centralized credit information system as it is set to give access to select individual borrowers.
Wise gets access to InstaPay, boosting real-time transfers
GLOBAL cross-border payments platform Wise now has access to real-time electronic fund transfer service InstaPay and can now settle directly with the Bangko Sentral...
BSP forms open finance transition committee for policy formulation
THE BANGKO SENTRAL ng Pilipinas (BSP) has launched its framework for open finance until 2024 and has named industry stakeholders that will spearhead policy formulation for data sharing.
EGov Pay transactions surge by 467% as consumers shift online
EGOV PAY transactions jumped by 467% to over 91,000 at the end of 2021 from just around 16,000 a year earlier, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
BSP OKs new regulatory relief for savings and loan associations
THE BANGKO Sentral ng Pilipinas (BSP) will allow non-stock savings and loan associations (NSSLAs) to include accrued interest on some loans in their 2020 net profit, for the purpose of income distribution to members, as a way to extend relief to the industry during the pandemic.
Peso rebounds ahead of US payrolls data
THE PESO rebounded versus the dollar on Friday due to profit-taking ahead of the release of US non-farm payrolls data.
The local currency finished at...
MSME loans used as alternative reserve compliance hit P134.8B
BANKS CONTINUED to increase their lending to small businesses in November, taking advantage of the central bank’s relief measure to consider these loans part of their compliance with their reserve requirements (RR).
Forensic audit criticizes ‘misconduct’ at Lebanon central bank, urges oversight
BEIRUT — An audit of Lebanon’s central bank urged action to mitigate further risks from “misconduct” at the institution and says its former governor...
Gov’t makes full award of T-bills as demand soars
THE GOVERNMENT made another full award of the Treasury bills (T-bill) it auctioned off on Monday as investors were more confident to lock in their funds following the latest rate hike of the central bank.
PESONet committee eyes improvements to its service to boost digital transactions
THE PESONET Steering Committee is looking at ways to enhance its electronic fund transfer (ETF) service scheme in order to ease digital transactions.
Peso weakens on Fed rate bets
THE PESO weakened versus the dollar on Monday, moving in sync with regional currencies as higher yields in the United States supported the currency...
BPI posts higher income
BANK of the Philippine Islands (BPI) saw an increase in its net income in the third quarter, driven by the growth in its interest-bearing...