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Moody’s cuts Philippine growth forecast further

MOODY’s Investors Service has further reduced its projection for overall Philippine economic expansion, which disappointed at a four-year-low 5.5% last quarter and clocked in at the same pace in the first half against the government’s 6-7% target for 2019, even as it said “domestic demand” — especially government spending — should pick up this semester.

From the Front Page: Local economy back on track to lead...

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Growing prime-age population to boost PHL banks

THE PHILIPPINE banking system will likely benefit from fast-growing prime-age populations, Moody’s Investors Service said, flagging concerns on proximity to lenders as a key hurdle to penetration.

PHL banks to favor digitalization over mergers or acquisitions for expansion

PHILIPPINE BANKS are less likely to explore mergers as they now favor digitalization in their bid to expand their client base, a credit analyst said.

Local banks well-positioned to meet new liquidity requirement

BIG BANKS are well-positioned to meet new liquidity rules from the central bank, but will have to boost deposit taking and long-term loans to beef up funding, Moody’s Investors Service said.