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China cuts new benchmark rate to boost economy

Agence France-Presse
Posted at Nov 20 04:27 PM

China on Wednesday cut interest rates in a bid to shore up the world's number two economy as cooling domestic demand and a bruising trade spat with the United States hit growth. Read more »

Trump shift on Israeli settlements fulfills wish list of evangelical base

Maria Caspani and Matt Spetalnick, Reuters
Posted at Nov 20 08:31 AM

Evangelicals have been a core base for Trump since the 2016 election. Many are also staunch supporters of Israel, feeling a religious connection with the Jewish people and the Holy Land. Read more »

Money you can't touch: Filipinos ease into cashless, digital wallets

Jessica Fenol, ABS-CBN News
Updated as of Nov 18 01:33 PM

As digital wallets like GCash and PayMaya and online shopping platforms like Shopee and Lazada make the case for a cashless future, Filipinos, especially those who are not too digital-savvy, seek reassurance that the platforms are safe.   Read more »

PDIC issues demand letters to key employees at AMA Rural Bank of Mandaluyong

ABS-CBN News
Posted at Nov 15 11:38 PM

The bank's employees refused to turn over key documents to state regulators. Read more »

World Bank scales back project in China’s Xinjiang region

Alan Rappeport, The New York Times
Posted at Nov 12 08:59 AM

The Chinese government has been facing criticism for detaining more than a million Muslim Uighurs and placing them in “re-education” camps where they are forced to renounce their religious beliefs and embrace the ideology of the Communist Party. Read more »

BSP closes AMA Rural Bank, Maximum Savings Bank

ABS-CBN News
Updated as of Nov 10 03:05 PM

The central bank on Sunday said it has closed AMA Rural Bank of Mandaluyong Inc. and Maximum Savings Bank Inc., with the Philippine Deposit Insurance Corporation (PDIC) ready to pay valid claims from depositors. Read more »

Analyst warns PH vs joint exploration with China in disputed S. China Sea

Willard Cheng, ABS-CBN News
Posted at Nov 09 05:58 PM

A RAND Corporation senior defense analyst warned the Philippines against entering into a joint exploration with China, saying it will not lead to more Philippine sovereignty.  Read more »

Money saving hacks

ING Bank
Updated as of Nov 11 02:46 PM

It’s okay to enjoy the money you worked hard for, but avoid making financial decisions that you might regret in the long run. Read more »

PNB plans to push for greater financial inclusion

ABS-CBN News
Posted at Nov 06 12:30 AM

The Philippine National Bank plans to push for greater financial inclusion as it gathers regional banking leaders at a conference in Manila next week. Read more »

Big central banks move to wait-and-see mode

Howard Schneider, Francesco Canepa and Leika Kihara, Reuters
Posted at Nov 03 08:26 PM

It is an easing wave that appears to have crested for now. Read more »

US Fed lowers key interest rate as 'insurance' against economic risks

Heather Scott, Agence France-Presse
Updated as of Oct 31 09:01 AM

The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday but is likely to hold off before providing more stimulus as it gauges economic risks. Read more »

Philippines has 'good chance' of meeting 2019 GDP growth target: ING

ABS-CBN News
Updated as of Oct 28 10:49 AM

The country’s GDP needs to grow at an average of at least 6.3 percent in the second half to reach the lower end of the government’s 6 to 7 percent target, ING economist Nicholas Mapa said.  Read more »

BSP cuts reserve requirement ratio by another 100 basis points

ABS-CBN News
Posted at Oct 26 12:10 AM

Despite lowered growth outlooks and muted money supply growth, the Philippine central bank is confident the country won't miss its growth target for 2019. Read more »

Gov't eyes reforms to improve ease of doing business in PH

ABS-CBN News
Posted at Oct 26 12:06 AM

The World Bank commends the encouraging reforms done by the Philippines to improve the ease of doing business in the country. Read more »

Trump again attacks Fed, says central bank 'derelict in its duties'

Agence France-Presse
Updated as of Oct 25 08:23 AM

President Donald Trump once again attacked the US Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy just days before a key policy meeting. Read more »

Dayuhang nagpapalit ng pekeng pera sa Las Piñas, kalaboso

ABS-CBN News
Posted at Oct 25 03:43 AM

MAYNILA—Arestado ang isang Nigerian matapos umano nitong subukang ipapalit ang pekeng pera sa Las Piñas City. Read more »

PH jumps 29 notches to 95th place in World Bank doing business report

ABS-CBN News
Posted at Oct 24 11:51 PM

The Philippines jumped 29 notches in the World Bank's latest ease of doing business report. Read more »

Indonesian central bank cuts policy rate by 25 basis points

Kyodo News
Posted at Oct 24 06:59 PM

Indonesia's central bank on Thursday cut its benchmark interest rate for the fourth straight month in an attempt to boost domestic economic growth. Read more »

Philippines jumps in World Bank ease of doing business ranking

ABS-CBN News
Updated as of Oct 24 09:06 PM

The Philippines rose to 95th place from 124th while its over-all score improved to 62.9 from 60.9 point in 2019, the World Bank said. China and India made the top 10 list of governments that have done the most in the past year to improve. Read more »

ADB plans $9.1 billion in loans to Philippines under 3-year plan

ABS-CBN News
Posted at Oct 17 11:37 AM

The Manila-based lender said it would allocate 59.5 percent of its 3-year lending program Philippines Country Operations Business Plan (COPB) 2020-2022 on transportation projects including railway, bridges, road networks, and elevated pedestrian walkways. Read more »