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 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 Bangko Sentral ng Pilipinas (BSP) is expected to maintain its tight monetary policy longer on the back of higher transportation fares, power rates, and oil prices, according to a US-based think tank.
THE Monetary Board (MB) has greenlit additional temporary measures, including the reduction of the reserve requirement rate on sustainable bonds, to entice banks to extend more loans for green or sustainable activities.
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.
THE Bank of the Philippine Islands (BPI) announced it will temporarily waive transfer fees for small InstaPay transactions made through its mobile application.
IF the Philippines wants to exit the gray list of the Financial Action Task Force (FATF), action against unregistered cryptocurrencies operating in the Philippines must be undertaken, according to nongovernment group Infrawatch 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).
ECONOMIC activities such as those in the real-estate sector as well as consumer loans led to a double-digit growth in bank lending in March 2023, according to data from the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) may slash the reserve requirement ratio (RRR) before the end of the first half if inflation starts to slow down.
THE Philippines is still one of the countries with the lowest inflows of foreign direct investments (FDI) in 2018, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Singapore-based DBS Bank believes the Bangko Sentral ng Pilipinas (BSP) is bound to keep all monetary-policy settings on hold in its meeting on Thursday despite predictions it will follow a tightening direction this year.
Perceived elevated prices and wages, also called inflation expectations, persisted in the first three months and has even pushed closer to the top end of the anticipated range by the Bangko Sentral ng Pilipinas (BSP) for the period.
IN the Philippines we know that there is quite a number of people who take loans from loan sharks and illegal loan operators. They charge such oppressive interests that the small people, who are usually their patrons, end up buried in so much debt. The most common is the 5-6 loan at 20-percent interest. The government has now expressed concern about this and has started to address the issue. Illegal loan operators can be arrested, according to authorities, without the need for a warrant of arrest
By Kathryn Kristina T. Jose @kathryntjose
Residential real-estate prices continued to accelerate in the fourth quarter of 2016, but the pace of its expansion slowed down significantly during the period.
Consumers saved more in the first three months of the year than in the recent past, despite the marked uptick in the price of the basket of commodities Filipinos generally consume during the period.
The interagency National Food Authority Council (NFAC) said it has rejected proposals to import rice via a government-to-government transaction in the first half of the year to boost the country’s buffer stock.
DAVAO CITY—The Bangko Sentral ng Pilipinas’s (BSP) effort to widen its reach among unbanked Filipinos is being hampered by the restrictions being imposed by the banking sector, industry sources said.
THE law creating the Bangko Sentral ng Pilipinas and the Monetary Board (MB) restricts the members of the MB to two terms maximum. A total of 12 years. In that time, our monetary and banking system benefited from the steady hand of the present governor, Amando M. Tetangco Jr., who I have known for many decades dating back to our days in the Jaycees, when I had to visit the old Central Bank to do research. Now he wants to retire, despite belated efforts by the present dispensation to keep him at the helm through a revision of the term limit by legislation.
There is now a legislative proposal recognizing lender participation in a public-private partnership (PPP) project as alternative compliance to the oft-ignored agri-agra law, latest data of which show continuing dismal performance by an industry whose support has sorely been found wanting then and now by legislators.
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