May inflation at 1.1% to 1.9%–BSP
The Bangko Sentral ng Pilipinas (BSP) said inflation would likely pick up in May, and could settle within the 1.1 percent-to-1.9 percent range on higher domestic-oil prices.
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The Bangko Sentral ng Pilipinas (BSP) said inflation would likely pick up in May, and could settle within the 1.1 percent-to-1.9 percent range on higher domestic-oil prices.
The Bangko Sentral ng Pilipinas (BSP) is hoping to deploy the other half of its new liquidity rules for banks before the end of the year in compliance with international standards on banking supervision.
The Bangko Sentral ng Pilipinas (BSP) announced on Wednesday it will offer P30 billion at the initial auction of term deposits under a new monetary policy to be rolled out early next month.
BDO Unibank Inc. announced on Tuesday it has partnered with a Japanese commercial bank in providing select banking services and assistance to Japanese investors planning to invest in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) has rolled out new guidelines to give overseas Filipino workers (OFWs) more time to change their demonetized old bills with new banknotes.
The country’s economic growth in the last two quarters have been strong, but will eventually wane down in the second half of the year, when the local economy will no longer feel the effect of “election spending.”
AFTER a strong 6.9-percent growth in the first quarter of this year, the country’s economy is likely to accelerate its expansion further in the second half, as election-related spending boosted financial activities during the April to June months.
Lenders affected by the El Niño will be given relief measures in the form of more lenient regulatory measures on loans to enable them to provide debt relief to borrowers, the Bangko Sentral ng Pilipinas (BSP) said.
The Bangko Sentral ng Pilipinas (BSP) on Monday made an across-the-board operational change, as it officially begins a new system of monetary policy infrastructure, which has more influence over where interest rates should go beginning June this year.
Cash remittances by Filipino migrant workers hardly moved in March this year after accelerating to an eight-month high the previous month.
The adoption of new monetary-policy framework by the Bangko Sentral ng Pilipinas (BSP) will have no immediate effect on the country’s growth, but could potentially cut the needed reserve money for local banks to extend out loans to financial consumers.
The Bangko Sentral ng Pilipinas (BSP) may adjust its rates for the first time in about two years on Monday not in reaction to economic and inflation developments but to give way to the nearing implementation of the interest rate corridor (IRC).
The Bangko Sentral ng Pilipinas (BSP) reported an outflow of short-term investments made by foreign investors in April this year, wiping out most of the gains in the previous month as election jitters and uncertain global economic conditions prevailed in the market.
Clearly within-target inflation seen persisting throughout the year allowed the Bangko Sentral ng Pilipinas (BSP) on Thursday to keep the rate at which it borrows from or lends to bank frozen where they have been the past 13 rate-setting meetings of the Monetary Board.
Banking and finance officials have proposed to leaders of both houses of Congress to amend the country’s Anti-Money Laundering Act (Amla) and revise the bank deposit secrecy law for tax-evasion purposes.
The economy does not need still lower interest rates and further monetary- policy easing at this time, as government spending is seen to surge in the second half of the year, a global bank economist said.
Casino junket operator Kim Wong returned yet another tranche of cash to the Anti-Money Laundering Council (AMLC) on Wednesday to fulfill his promise to surrender everything that his firm got from the $81 million stolen by cyber criminals from the Bangladesh central bank.
While financial markets in the Philippines historically have proven volatile in periods of national elections, the same were to recover soon enough should either Sen. Grace Po or former Trade Secretary Mar Roxas win them rather than somebody else, some of the nation’s most astute business leaders and analysts said on Tuesday.
Bangladesh Ambassador to the Philippines John Gomes, while trying his best to remain diplomatic, could not hide his dismay over the delay in the return of the “money of hardworking people of Bangladesh.”
THE growth of the volume of cash circulating in the local economy continued at a double-digit pace at the end of this year’s first quarter, as banks continued to lend strongly during the period.
COMPETING price pressures in April were seen to limit inflation for the month within a narrow band ranging from a low of 0.7 percent to no more than 1.5 percent, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
THE local currency the peso has taken a turn for the worse relative to its peers in the region, mostly as consequence of the apprehension or sense of doom among market players, as the nation of 100 million goes into the final few weeks of the presidential races.
Local lenders reported reduced tolerance for risk in the first quarter, marked by a slight tightening of standards for loans extended to both enterprises and households in the January-to-March period.
The Bangko Sentral ng Pilipinas (BSP) expressed optimism on continued growth for the country in the first three months, based on early indicators showing firm domestic demand.
THE recent Bangladesh central-bank fiasco involving $81 million lost to cross-border bank heist will not derail the integration of the region’s financial system, a local bank economist said.
After securing judgment from local and international economists that the country’s economic gains have become irreversible regardless of who wins at the upcoming presidential race, there is a growing sense of dread the next chief executive will only squander the country’s fiscal and monetary successes.
THE Bangko Sentral ng Pilipinas (BSP) vowed over the weekend to make money laundering a high-risk activity going forward, as it prepares countermeasures that strengthen the country’s defenses against illicit money transactions and for adoption by the legislative.
Dollar remittances by overseas Filipino workers (OFWs) grew 9.1 percent to $2.1 billion in February against last year’s figures, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
While the Philippines is expected to grow even more this year than the previous, the $285-billion economy was not likely to derive many more benefits from the external sector, as the global economy should remain weak the rest of the year.
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