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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.
THE national government’s outstanding debt was P7.907 trillion at the end of September, up 10.4% year-on-year, the Bureau of the Treasury (BTr) said.
THE Insurance Commission has activated its disaster response mechanism to fast-track claims from earthquake-affected residents of Mindanao.
INFLATION likely slowed further in October as a continued easing of prices of rice and fuel offset any upside pressure from pork substitutes amid the onslaught of African swine fever (ASF), according to a poll of 14 economists conducted late last week.
OCTOBER could have seen the second straight month of below-one percent inflation, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, citing lower fuel and rice prices that could have offset increases in electricity and water rates as well as prices of select food.
BANK OF THE Philippine Islands (BPI) has boosted its digital ecosystem by sealing partnerships for open banking and allowing more services to be accessible through its mobile app and online banking, as well as its pilot of a conversational banking app.
THE Anti-Money Laundering Council (AMLC) said it has frozen over P1 billion worth of assets and seized a further P600 million between January 2018 and July 2019, in the course of investigations into money laundering and terrorist financing.
THE central bank on Friday flagged an upside risk to inflation next year, amid the volatility of global oil prices and the African Swine Fever (ASF) outbreak.
THE SURPRISE reserve requirement ratio (RRR) cut announced on Thursday by the central bank will free up more funds for loans, which can help boost the economy, according to Bankers Association of the Philippines (BAP) and Bank of the Philippine Islands (BPI) President Cezar P. Consing.
YIELDS on term deposits slightly recovered on Wednesday amid improved government spending and market anticipation for yet another rate cut from the US Federal Reserve.