THE central bank is likely to approve this month the rules that will enforce Islamic banking in the Philippines, which is expected to attract more local and foreign banks, Bangko Sentral ng Pilipinas (BSP) Managing Director Arifa Ala said on Friday.

GROSS INTERNATIONAL reserves (GIR) — which shield the country from liquidity shocks — strengthened further at end-October, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

WHILE Tuesday’s move by the People’s Bank of China (PBoC) to trim a benchmark for bank funding costs has helped halt a slide in the country’s bonds, market participants see little scope for more robust moves by the central bank that could offer further support.

THIS YEAR’S flood of monetary easing is slowing to a trickle as the world’s central banks judge they’ve done enough to avoid a recession, giving investors cause to think sovereign bond yields have finally bottomed.

NEW YORK — New York Federal Reserve President John Williams said Wednesday any changes in interest rates from here will depend on the incoming economic data but policy makers should be preemptive in taking steps to keep the expansion alive.

THE PESO strengthened against the dollar on Wednesday on the back of the rebound in economic growth as well as the growth in gross international reserves (GIR).

YIELDS on the central bank’s term deposits slipped on Wednesday as inflation eased in October and following increased liquidity due to the reserve requirement ratio (RRR) cut that took effect this month.

RIZAL COMMERCIAL Banking Corp. (RCBC) saw its net income surge in the first nine months of the year driven by growth in its core business.

CITIGROUP INC. might be getting in on the branch expansion game.

TOKYO — Bank of Japan (BoJ) board members debated the feasibility of ramping up stimulus at their September rate review, with some calling for the need to start brainstorming ideas to top up monetary support, minutes of the meeting showed on Wednesday.

HONG KONG — Money transfer company TransferWise has begun processing international payments into Asian digital wallets in a move that its CEO says reflects their growing use as an alternative bank account.

HONG KONG — Hong Kong’s financial regulator will publish a framework for cryptocurrency exchanges later on Wednesday, Chief Executive Ashley Alder told a fintech conference in the city.