Central bank targets to finalize regulations for open finance by next quarter
THE BANGKO SENTRAL ng Pilipinas (BSP) targets to finalize an open finance circular by next quarter to set rules on the sharing of customers’ financial data among institutions.
Drilon pushes for ‘clearer’ rules on violations of GUIDE Act conditions
A SENATOR on Thursday proposed the inclusion of a provision that would address violations in the conditions and requirements for companies granted investments in the law increasing the funds of government banks to assist distressed firms.
Corporate governance in the Philippines
By Flor G. Tarriela
Good governance remains a key ingredient for the continued economic growth in the ASEAN region. In 2011, the ASEAN Corporate Governance Scorecard (ACGS) was developed to provide the methodology in assessing the corporate governance performance of publicly listed companies. The program aims to enhance the image of publicly listed ASEAN companies and their ability to attract investments as well as improve the image of capital markets of ASEAN.
Peso strengthens on data showing slower US core inflation, higher PHL reserves
THE PESO strengthened versus the greenback on Thursday following slower-than-expected core inflation in the US and the increase in the Philippine dollar reserves.
Yields on term deposits inch up as bids decline on rising prices
YIELDS on the central bank’s term deposits inched higher on Wednesday amid lower demand as investors remained cautious due to the continued increase in inflation and global oil prices.
Data protection in digital banking among biggest concerns of Filipinos
MANY FILIPINOS consider security features as a key factor in choosing their digital banks, with a huge number of respondents — the highest in Asia Pacific — concerned the personal documents they submit could be used for data and identity theft, a survey by global analytics software firm FICO showed.
Banks leave rediscount facility untapped in Feb.
LENDERS LEFT the central bank’s rediscount facility untouched in February as lower demand for credit amid ample liquidity reduced the need for the window.
DBP sells $300 million in global bonds to refinance debt maturing this month
STATE-RUN DEVELOPMENT Bank of the Philippines (DBP) sold $300 million in 10-year global bonds to refinance its current obligations set to mature this month, the Department of Finance (DoF) said on Wednesday.
Peso weakens as COVID-19 case tally climbs
THE PESO retreated against the greenback on Wednesday amid cautious sentiment due to the continued increase in new coronavirus disease 2019 (COVID-19) infections.
Gov’t fully awards T-bond offer
THE GOVERNMENT fully awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday even as its rate surged on concerns over rising inflation and US Treasury bond yields.
Lending likely to rebound on positive outlook
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said lending may start improving soon as consumers become more optimistic about the country’s prospects despite the continuing coronavirus disease 2019 (COVID-19) crisis.
Study finds more Filipinos open to a cashless society as e-payments rise
MORE FILIPINOS are open to the possibility of a cashless society in the next few years, following the trend seen in the country’s regional peers, a study found.