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SUSPENSION of rice importation amid the ongoing harvest, as ordered by President Rodrigo R. Duterte, should have no impact on inflation, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday.
YIELDS ON term deposits ended mostly higher as the central bank decided to pause its monetary easing cycle, with liquidity from previous reserve requirement ratio (RRR) reductions yet to find its way into the financial system.
THE PHILIPPINES got more dollars than it spent to pay off foreign obligations in October, turning around from a year-ago deficit and marking the fourth straight month of balance of payments (BoP) surplus, according to data the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
A LENDER is looking to join the virtual banking race in the Philippines, according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier.
THE INTERNATIONAL MONETARY FUND (IMF) maintained its Philippine gross domestic product (GDP) growth projection for this year but slightly raised its 2020 forecast despite increased risks, as state spending improves further, according to a statement the multilateral lender released on Monday at the end of its annual health check on the country.
SALARY accounts are viewed as a potential channel for broadening financial inclusion by discouraging employees from paying cash wages, thereby helping workers develop a banking history.
FINANCIAL inclusiveness should go beyond deploying fintech and move into the area of improving the understanding of the financial needs of small businesses, speakers at a regional banking forum said.
FITCH SOLUTIONS raised its Philippine economic growth forecast, citing stronger economic expansion in the third quarter on faster government spending and strong household expenditures.
THE PESO strengthened on Thursday as markets expected the central bank to keep rates steady at its policy meeting later in the day.
YIELDS on term deposits inched up on Wednesday as markets anticipate a pause in the central bank’s monetary easing after successive rate cuts this year.
JAPANESE investors are seeking opportunities in Philippine retail, real estate and consumer finance, a Japanese banker said.
THE Philippine central bank might further cut benchmark interest rates next year as the economy continues to pick up amid global conditions, according to Leong Sook Mei, Association of Southeast Asian Nations head of Global Markets Research at MItsubishi UFJ Financial Corp.
THE peso slightly weakened against the dollar on Friday as markets waited for details of a trade tariff deal between the US and China.
THE PESO weakened against the dollar on Wednesday following its rally amid better-than-expected US data reported late Tuesday.
THE OVERALL rise in prices of widely used goods eased for the fifth straight month to its slowest pace in nearly three-and-a-half years in October, the Philippine Statistics Authority (PSA) reported on Tuesday, citing year-on-year drops for the heavily weighted food and non-alcoholic beverages, transportation and utilities.
FORMER BANGKO Sentral ng Pilipinas (BSP) governor Armando M. Tetangco Jr. has been recognized by the Japanese government for his role in liberalizing the entry of foreign banks in the Philippines.
MORE FILIPINOS are choosing to purchase variable unit linked (VUL) products over traditional life insurance, Manulife Philippines said, causing insurers to fine-tune their products to meet the growing demand.