FINANCIAL institutions have been advised to stop withholding taxes on their payments to the Bangko Sentral ng Pilipinas (BSP) following the implementation of a BSP tax exemption under the New Central Bank Act.

THE peso weakened to P50.56 to the dollar on Friday, though it rode positive sentiment to strengthen week-on-week after a sovereign credit outlook upgrade by Fitch Ratings to “positive” from “stable.”

RIZAL COMMERCIAL Banking Corp. (RCBC) is looking to continue growing its sustainable loan portfolio, with credit to the sector already consisting a tenth of its book after issuing green bonds in 2019.

ONE IS A credentialed insider who’s spent years at the Federal Reserve. The other is an idiosyncratic outsider who’s questioned why the Fed even exists.

TIDJANE THIAM’S final results as Chief Executive Officer of Credit Suisse Group AG validated his shift to wealth management while again demonstrating the volatility of the investment bank and trading businesses.

It’s been well accepted by CEOs and senior executives that the world is indeed getting more volatile, uncertain, complex, and ambiguous brought about by fast changing consumer preferences, break-neck speed of technological advancements, and the entry of nimbler technology competitors.

THE PESO strengthened for the third consecutive day, showing resilience even with more people in China testing positive for the coronavirus disease 2019 (COVID-19) and as agent banks bought up the local currency.

TERM DEPOSIT yields slipped on Wednesday despite lower bids following the recent rate cut from the central bank and Fitch Ratings’ upgrade of its outlook on its assessment of the Philippines.

FRANKFURT — Germany’s new appointee to the European Central Bank’s (ECB) board, Isabel Schnabel, defended the ECB’s easy-money policy on Tuesday, saying that the euro zone would have been worse off without it and it was up to others to counter the side effects.

KUALA LUMPUR — Malaysia’s central bank said on Wednesday there was “ample room” to adjust interest rates, after economic growth slowed to the weakest in a decade in the fourth quarter and the COVID-19 outbreak threatened to pile on more pressure this year.

THE BIGGEST ISSUERS of bonds tied to the benchmark tapped to replace US dollar Libor are suddenly pulling back. That’s a potential blow to efforts by regulators to wean America’s financial system off a much-maligned reference rate.

TWO TOP Bank of England (BoE) officials suggested that the United Kingdom (UK) financial system’s rules may have to diverge from the European Union’s (EU) after Brexit — a topic that’s becoming as a major point of contention between the two sides.