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Tyrone Jasper C. Piad

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Deutsche sees BSP keeping policy rates till 2021

THE Bangko Sentral ng Pilipinas (BSP) is likely to keep key policy rates at the same level until next year, according to a study. The Deutsche Bank research noted in a report on Monday that the Central Bank...

Uptick in FDI, external debts strengthening peso–expert

The recent increase in foreign direct investments (FDI) and external debts are providing strength to the local currency, ING Bank Manila Economist Nicholas Antonio T. Mapa said. Mapa said in a report on Monday the country’s legal tender...

CIC wants P90-M subsidy to build up credit database

The country’s central credit registry is seeking a P90-million government subsidy for the next year as it gears toward improving its database management further. The Credit Information Corp. (CIC) said that bulk or around P35 million of this...

Fintech records surge in MSME loan filings

The financial technology (fintech) arm of Union Bank of the Philippines Inc. saw a surge in loans application from the micro, small and medium enterprises (MSMEs) amid the lockdown measures against the pandemic. UBX Philippines Corp. President John...

Fund-starved AMLC will postpone AI initiatives

FACING a 35-percent budget cut, the Anti-Money Laundering Council (AMLC) said it will not be able to push through with its artificial intelligence (AI) initiatives next year. AMLC Executive Director Mel Georgie B. Racela said in a Senate...

More Filipinos build up savings amid lockdown

The ING Bank NV-Manila Branch is seeing Filipinos saving more money amid the implementation of lockdown measures. The Dutch financial company’s local business also believes the trend would likely continue even after the coronavirus pandemic is declared licked.

SMEs urged to shift to digital payments

The small and medium enterprises (SMEs) are urged to shift to online payments amid the widespread digital transformation to thrive amid the coronavirus pandemic. Bank of the Philippine Islands (BPI) said in a statement that now is the...

Credibility risk raised in too-active BSP role

MONEY authorities of emerging markets, including the Philippines, are risking their credibility if investors become convinced that the governments are relying heavily on their central banks to put the economy back on track, according to S&P Global Ratings.
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