News Articles on {?keyword?} | ABS-CBN News

Bangko Sentral eyes new credit rating model 'away from collateral' for small, medium firms

ABS-CBN News
Updated as of Oct 24 05:50 PM

The Bangko Sentral ng Pilipinas is studying a credit rating model that is not based on collateral for micro, small and medium enterprises, Governor Benjamin Diokno said Friday. Read more »

Philippine economy poised to recover in Q3 from 'rock bottom' Q2 figures: BSP

ABS-CBN News
Posted at Oct 23 11:04 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said the third quarter gross domestic product would be better than the "rock bottom" second quarter figures after the reopened economy showed "positive indicators."   Read more »

Remittance decline likely ‘less than’ expected in 2020: BSP

ABS-CBN News
Posted at Oct 16 10:44 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Friday remittances could shrink by less than the initial forecast of 5 percent due to improving figures.  Read more »

Bangko Sentral urges thrift banks to leverage 'limitless' potential of digital tech

ABS-CBN News
Posted at Oct 13 12:07 PM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Tuesday thrift banks should take advantage of the "limiteless" potential of digital technology including cloud banking.    Read more »

Bangko Sentral to lay down rules for ‘digital banks’

Warren de Guzman, ABS-CBN News
Posted at Oct 08 05:31 PM

Digital banks will be different from existing banks as they will offer financial products and services that are processed end-to-end through digital platforms and electronic channels. Read more »

Transport costs hit highest level since November 2018

ABS-CBN News
Posted at Oct 06 09:52 PM

Bangko Sentral ng Pilipinas governor Benjamin Diokno expects the country's inflation print to remain benign after it hit a four-month low in September.  Read more »

Can't 'impose' on banks to waive online transfer fees as BSP tells consumers it's cost of 'convenience'

ABS-CBN News
Updated as of Oct 05 12:02 PM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday they could ask but not order or impose on banks to waive fees for online money transfers as this forms "part of their business." Read more »

Savings, deposits in PH rise as pandemic causes drop in spending: BSP

ABS-CBN News
Posted at Oct 05 10:26 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday, the pandemic uncertainty is pushing Filipinos to save more as most of them stay holed up in their homes.    Read more »

BSP keeps key rates steady for second straight session

ABS-CBN News
Updated as of Oct 01 04:38 PM

The Bangko Sentral ng Pilipinas on Thursday kept the key interest rate at a record-low 2.25 percent as the economy continues to gradually reopen following the lockdowns to curb the spread of the virus.   Read more »

BSP in wait-and-see mode, to keep rates on hold

Enrico dela Cruz, Reuters
Updated as of Oct 01 10:27 AM

The Philippine central bank is expected to keep key interest rates unchanged on Thursday while assessing future moves after some aggressive policy easing this year to support the pandemic-ravaged economy, a Reuters poll showed. Read more »

BSP sets 'enhanced' website launch in October, aims to bring central bank 'closer to the people'

ABS-CBN News
Posted at Sep 21 01:14 PM

The Bangko Sentral ng Pilipinas said Monday it would launch its enhanced website in mid-October in a bid to connect more to consumers.    Read more »

'Unfortunate, not imminent': Diokno says on European Parliament's call to review PH tariff perks

ABS-CBN News
Posted at Sep 21 11:26 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday the European Parliament's call to review the tariff incentives extended to the Philippines was "unfortunate." Read more »

BSP sees 'no further extension' of 60-day loan reprieve under Bayanihan 2

ABS-CBN News
Updated as of Sep 21 11:15 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday it is unlikely for banks to extend another loan reprieve following the mandatory one-time 60-day grace period under the Bayanihan 2 law. Read more »

Foreign direct investments up in June as advanced economies reopen: BSP

ABS-CBN News
Posted at Sep 15 05:24 PM

Net inflows of foreign direct investments (FDI) grew 7.1 percent in June to $481 million compared to the same month last year, the Bangko Sentral ng Pilipinas said Tuesday.  Read more »

Digital PERA enhances retirement savings law: BSP

ABS-CBN News
Posted at Sep 11 11:07 AM

The improved digital Personal Equity and Retirement Account (PERA) platform launched by the Bangko Sentral ng Pilipinas will help Filipinos save for retirement, Gov. Benjamin Diokno said Friday.   Read more »

PH reserves could breach $100 billion as gold rises: Bangko Sentral

ABS-CBN News
Posted at Sep 10 09:19 PM

The Bangko Sentral ng Pilipinas said Thursday that the country’s gross international reserves could hit more than $100 billion this year as the price of gold continues to rise.    Read more »

BSP to 'actively trade' gold as precious metal prices soar

ABS-CBN News
Posted at Sep 07 10:58 AM

The Bangko Sentral ng Pilipinas will start trading gold as prices surge due to the "decreasing confidence" in US dollars, Governor Benjamin Diokno said Monday Read more »

Bangko Sentral backs FIST bill allowing banks to offload bad loans

ABS-CBN News
Posted at Sep 02 10:51 PM

BSP said the Financial Institutions Strategic Transfer (FIST) Act “will assist the financial system perform its role efficiently, mobilizing savings and investments for the country’s economic recovery as well as its sustained growth and development.”   Read more »

Pawnshops play key role during pandemic, says Bangko Sentral

ABS-CBN News
Posted at Aug 27 04:21 PM

The Bangko Sentral said Thursday pawnshops are playing a key role in the pandemic thanks to the industry's network of branches which exceed those of banks. Read more »

Measures eyed to help banks offload non-performing loans: BSP

ABS-CBN News
Posted at Aug 24 10:58 AM

Measures have been filed in both chambers of Congress that would help banks offload their non-performing loans, the Bangko Sentral ng Pilipinas said Monday.   Read more »