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PROSPECTS of monetary policy easing towards yearend -- through cuts in benchmark interest rates and banks’ reserve requirement ratio (RRR) -- are intact despite worries about oil price spikes after last week’s attack on Saudi Aramco’s processing facilities, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday, supporting views on Tuesday of a senior BSP official and private sector economists that inflation will likely keep to the official 2-4% full-year target.
ATTACKS last Saturday on Saudi Aramco’s processing facilities could ignite inflation risks for the short term, even as the pace of overall price increase should stay well within the official 2-4% full-year target due to base effects, a senior official of the Bangko Sentral ng Pilipinas (BSP) and private economists said on Tuesday.
MONEY SENT HOME by overseas Filipino workers (OFW) recovered in July from June’s drop to post the fastest growth in nine months, according to data the Bangko Sentral ng Pilipinas (BSP) released on Monday.
A CODE OF ethics for online lenders has been created to safeguard borrowers from abusive practices of financial technology (fintech) players such as shaming them in times of default and late payments and to foster transparency for both creditors and borrowers.
THE PESO weakened against the dollar as investors flocked to safe havens after an attack on Saudi Arabia’s oil facilities drove up crude prices and worsened tensions between the United States and Iran.
TARLAC — The Bangko Sentral ng Pilipinas will be transferring its currency production facility to New Clark City (NCC) as part of efforts to boost production of notes and in line with its continuity plan for operations in case of natural disasters.
NET INFLOW of foreign direct investments (FDI) -- involving long-term capital that generate jobs and transfer technologies -- was nearly halved in June and fell by more than a third last semester, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, with analysts blaming an escalating Sino-US trade war and uncertainty over proposed changes to tax incentives.
AFTER a not-so-stellar 5.5% first-half economic expansion amid budget delays and headwinds from abroad, Fitch Ratings expects Philippine growth to catch up with a modest improvement this semester.
THE Philippines is a regional leader in terms of gender equality in job hiring, specifically in the public sector, the Asian Development Bank (ADB) and the Organization for Economic Co-operation and Development (OECD).
PRU LIFE UK has partnered with St. Luke’s Medical Center (SLMC) to improve the processing of critical illness claims of its policy owners.
THE PHILIPPINES has been catching the eye of prospective foreign investors due to tax reforms pushed by the administration of President Rodrigo R. Duterte, but more needs to be done to make it easier to do business in the country according to speakers at a forum on Wednesday.
THE PESO extended its losing streak on Tuesday on continued US-China trade war jitters paired with Brexit issues looming anew amid election prospects.
THE SOCIAL Security System (SSS) released some P19.01 billion in salary loans in the first six months, up 8.4% year-on-year.
THE PESO weakened on Monday as the United States and China kicked off a fresh round of tariffs and with the market expecting slower Philippine inflation in August.
YIELDS ON government securities (GS) traded in the secondary market were flat last week as market players await inflation data due for release on Thursday.