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THE local government of Quezon City is giving an amnesty to delinquent property owners until end-March 2021.
THE central bank will not impose sanctions on the branches of foreign banks for the breach of the single borrower’s limit (SBL) until Dec. 31, 2021, in a bid to boost lending amid the pandemic.
FOREIGN CURRENCY loans slipped in the third quarter amid continued tepid business activities and stricter lending standards as the pandemic crisis stretched on.
HOUSING PRICES fell for the first time in four years in the third quarter, reflecting low consumer confidence amid a coronavirus pandemic, according to the Philippine central bank.
THE HIKE in the Social Security System’s (SSS) contribution rate is meant to guard the fund’s long-term viability and to offset the increase in monthly pension implemented in 2017, the state-run pension fund said.
CITYSAVINGS Bank, Inc. has raised P5 billion from its corporate note issuance meant to finance its asset expansion.
THE recovery is expected to be prolonged and “W-shaped” in 2021, strengthening the case for more fiscal stimulus, according to Bank of the Philippine Islands (BPI) Lead Economist Emilo S. Neri, Jr.
THE CENTRAL BANK has extended further the waiving of fund transfer fees for transactions made via the PhilPaSS or Philippine Payment and Settlement System facility until next year as part of their continuing relief measures amid the coronavirus crisis.
THE Bureau of Internal Revenue (BIR) said Friday that its withholding rates for major suppliers of goods and services are at 1% and 2% respectively, but the qualifying threshold for serving as an agent has been lowered in some districts to P5 million worth of gross sales or receipts of gross purchases.
THE Financial Stability Coordination Council (FSCC) is evaluating the possibility of issuing securities linked to the country’s gross domestic product (GDP) as a new instrument to manage liquidity in the financial system, FSCC Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
THE Asian Development Bank (ADB) estimated at least two million Filipino workers may have lost their jobs by the end of the year as the pandemic continued, with the steepest drop in employment seen in services sector that depend heavily on tourism.
THE PESO could appreciate against the greenback this week on the back of holiday flows and optimism on the timely passage of the 2021 budget.
The Bangko Sentral ng Pilipinas (BSP) is backing a suggestion to increase the annual maximum allowable contribution of Filipinos in the Personal Equity and...
CRUISE SHIP singer Harry G. Bayona was home for a two-month holiday, which has since dragged on for more than half a year, and counting.
THE CENTRAL BANK told financial institutions to address gaps in their risk management capabilities to arrest the emergence of transactions related to the online sexual exploitation of children (OSEC).
GOVERNMENT SPENDING and loans obtained for the pandemic response need to be monitored for their actual impact on the vulnerable segments of society, according to non-government organization Social Watch Philippines.
THE Anti-Money Laundering Council (AMLC) turned over P18.352 million worth of proceeds from the sale of a forfeited property in Laguna to the US government, in compliance with the Mutual Legal Assistance Treaty.
THE ASIAN Development Bank (ADB) on Wednesday said it is looking to extend up to $9.4 billion in loans to the Philippines between 2021 and 2023 to support the economic recovery through infrastructure, health, and employment programs.
THE GOVERNMENT will avoid reimposing strict quarantine measures even if the number of coronavirus disease 2019 (COVID-19) infections surge, in order to sustain economic recovery throughout 2021, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Wednesday.
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday dipped before the Monetary Board’s (MB) policy meeting as investors priced in a possible reduction in banks’ reserve requirements.
THE CENTRAL BANK has come up with a draft framework for the governance policy of operators of payment systems (OPS) to streamline the regulatory approach for the industry.