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MORE than 100 banks have utilized their loans to small businesses and large enterprises as alternative reserve compliance during the pandemic, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
THE Bangko Sentral ng Pilipinas (BSP) is planning to conduct its maiden securities issuance within the third quarter.
Philippine regulators are investigating Wirecard AG’s local partner businesses which could establish the full extent of the country’s exposure to one of Europe’s worst accounting scandals, the Financial Times (FT) reports.
THE country’s dollar reserves reached a new record high in May, getting a boost from the government’s global bond issuance to beef up its war chest for the fight against the coronavirus pandemic.
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) dipped as the market awaits the decision of the Monetary Board’s policy-setting meeting this Thursday.
THE Bangko Sentral ng Pilipinas (BSP) will likely keep benchmark rates untouched at its review this week, although some economists are pricing in another easing in the latter part of 2020 when the extent of the pandemic’s economic impact becomes clearer.
EXTREME weather episodes tend to erode banks’ deposit growth, loan quality, and profitability, the Bangko Sentral ng Pilipinas (BSP) said, citing the results of a study.
THE Bangko Sentral ng Pilipinas (BSP) is looking into a lender’s alleged violation of rules on lending to related parties, BSP Governor Benjamin E. Diokno said.
BENCHMARK interest rates are likely to remain steady even as inflation continues to ease as the central bank wants to be ready in case of a worse fallout from the coronavirus crisis, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
THE record-high unemployment rate does not show the real picture of the economy and the job market, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said.
THE central bank is working to strengthen cybersecurity measures through regulations, cyber surveillance and collaboration with other government agencies to protect consumers in an era of increasing digital payments.
THE CENTRAL BANK will extend banks’ alternative reserve compliance until 2022 in a bid to support the financial system and struggling sectors due to the coronavirus pandemic.
THE COUNTRY’S dollar reserves are expected to rise to a record $94 billion by the end of the year as the country grapples with the coronavirus pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno.
THE CURRENT policy stance of the Bangko Sentral ng Pilipinas (BSP) will remain appropriate once the modified enhanced community quarantine (MECQ) is transitioned to a general community quarantine (GCQ), according to BSP Governor Benjamin E. Diokno.
THE Philippine central bank can still use monetary tools including further policy easing to boost liquidity amid a coronavirus pandemic, its governor said on Friday.
A BILL PROPOSING the transfer of banks’ bad loans to asset management companies (AMCs) will come in handy should the financial sector’s position deteriorate further, but for now non-performing loan (NPL) levels remain low, the central bank said.
THE PHILIPPINES does not need to tap International Monetary Fund’s (IMF) credit line for economies affected by the pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said, citing the country’s sound economic management which put it at a “position of strength” before the coronavirus disease 2019 (COVID-19) hit.
OUTSTANDING LOANS disbursed by universal and commercial banks rose by 12.9% in March, faster than the downward-revised 12% pace in February, according to data from the Bangko Sentral ng Pilipinas (BSP).
THE central bank said the rules easing the standards for asset cover on foreign currency liabilities will allow a two-week compliance period to bring coverage back to 100%
INFLATION in the coming quarters could ease further due to the downside risks from the impact of the coronavirus disease 2019 (COVID-19) on oil prices and slower global growth, according to the Bangko Sentral ng Pilipinas (BSP).
YIELDS on the central bank’s term deposit facility (TDF) continued to drop amid rising demand, with banks parking some of their funds in the instruments after additional liquidity was infused into the system due to the reduction in the reserve requirement ratio (RRR) of big banks.
FILIPINO consumers were less upbeat about this quarter and the rest of the year, citing worries about lower income amid a novel coronavirus pandemic, according to the Philippine central bank’s latest consumer expectation survey.
THE BANGKO SENTRAL ng Pilipinas (BSP) fired off another 50-basis-point (bp) cut in policy rates in an off-cycle meeting to bring borrowing costs to record lows in a bid to boost lending to support the economy in the middle of the coronavirus disease 2019 (COVID-19) crisis.
YIELDS on the central bank’s term deposit facility (TDF) dropped as the auction resumed after a month, amid signals of another rate cut and liquidity boost through a reduction in banks’ reserve requirement ratio (RRR) to cushion the economy from the pandemic’s impact.