BSP to banks: Put national ID atop list of govt IDs
THE Bangko Sentral ng Pilipinas (BSP) said banks and other BSP-supervised financial institutions (BSFIs) should place the national ID at the top of the list of acceptable government IDs.
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THE Bangko Sentral ng Pilipinas (BSP) said banks and other BSP-supervised financial institutions (BSFIs) should place the national ID at the top of the list of acceptable government IDs.
THE rise in commodity prices could be higher in February due to more expensive food items, according to the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) will employ a traffic light system in determining if certain financing activities are considered sustainable.
OFFICIALS of the Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) signed a new agreement to share information, which is deemed crucial amid complex financial scams and fraud in the country.
THE Land Bank of the Philippines (Landbank) announced that its net income in 2023 reached P40 billion driven by strong revenues from loans and investments alongside prudent cost management.
IT was a night of stars, in the financial community that is, as they attended the Annual Bankers’ Reception tendered by the Bangko Sentral ng Pilipinas (BSP) on Friday, January 26, at the Fort San Antonio Abad. It was an especially meaningful night as it commemorated the 75th year of the institution, which has overseen the many changes in the country’s history and dealt with the impact of global economic policies. Through it all, the central bank has always provided the strong fortification to protect the economy and defend it from both internal financial difficulties and external shocks.
Attractive financing terms and rising consumption are expected to boost household demand for housing loans in the first three months of the year, according to the Bangko Sentral ng Pilipinas (BSP).
The Bangko Sentral ng Pilipinas (BSP), in an open letter to President Ferdinand R. Marcos Jr. Friday, stressed the importance of non-monetary measures to address inflation this year.
THE steady growth of remittances is expected to continue and indicates that Overseas Filipino Workers (OFWs) may have already recovered from the pandemic.
THE world of finance is an ideal testing ground for exploring the possibilities of artificial intelligence (AI). We’re already seeing how data-driven technologies help influence our financial behavior: there are tools that use AI to assist users in investment research, and there are local apps that help people track expenses better, and that even recommend credit cards that best suit consumers’ needs.
ASK any executive today on the driving force of innovation and the most probable answer you may get is artificial intelligence.
GORDON GECKO, the protagonist in the 1987 movie Wall Street, was made famous for uttering the line “Greed is good.”
FILIPINO firms became less optimistic about the economy in the third quarter of 2023, according to the Bangko Sentral ng Pilipinas (BSP).
FILIPINO consumers waiting for interest rates to decline are in for a disappointment as the Bangko Sentral ng Pilipinas (BSP) intends to raise interest rates anew in its next meeting and maintain this rate until the end of the first semester of next year.
The Philippines’s external debt declined by nearly a billion dollars as of end-June after the United States Federal Reserve tightened monetary policy in the second quarter, according to the Bangko Sentral ng Pilipinas (BSP).
THE private sector can help the agriculture sector post a growth of 2 to 3 percent annually if they will take up the challenge of investing in the sector through corporate farming, according to a local economist.
PRIVATE tourism stakeholders are looking forward to more MICE (meetings, incentives conventions exhibitions) events to help boost inbound arrivals, and enable the country to reach government’s target of 4.8 million international tourists this year.
THE strength of Philippine banks may have helped the country fight off the lingering effects of the lockdown on economic growth, according to the Bangko Sentral ng Pilipinas (BSP).
THE Congress-approved Maharlika Investment Fund (MIF) bill is set for signing into law on Tuesday (July 18), but the awaited estate tax amnesty extension bill’s signing was deferred by Malacañang.
Outgoing Bangko Sentral ng Pilipinas Governor Felipe M. Medalla (left) hands over the reins of the Central Bank to Governor Eli M. Remolona in a ceremony held on July 3 at the BSP head office in Manila.
UBX Philippines Corp., the financial technology arm of the Aboitiz Group, announced its participation in the pilot run of the Bangko Sentral ng Pilipinas’ (BSP) Open Finance PH.
THE Bangko Sentral ng Pilipinas (BSP) and the banking industry have agreed to create an overnight (ON) rate to guide transactions on the back of the cessation of London Interbank Offered Rate (Libor) by June 30.
UNBANKED Filipinos who lack documentation can now build a financial profile and credit history through the Open Finance PH Pilot officially launched by the Bangko Sentral ng Pilipinas (BSP).
THE sharp rate hikes implemented by the Bangko Sentral ng Pilipinas (BSP) boosted the yields for short-term local currency bonds (LCY) while the increases in US interest rates lowered the yields for longer-term bonds, according to the Asian Development Bank (ADB).
THE national government’s borrowings to augment its financing requirements for pandemic response and infrastructure programs, among others, increased the country’s external debt as of March 2023, according to the Bangko Sentral ng Pilipinas (BSP).
UNO Digital Bank Inc. announced it has tied up with 1Sari Financing Corp. for a lending facility targeting about 1.3 million community retail stores.
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