Topic page on {?keyword?} | ABS-CBN News

PH shares snap 3-week losing streak ahead of BSP's last policy meeting for 2019

ABS-CBN News
Posted at Dec 06 11:11 PM

Philippine shares joined the regional uptrend, snapping three weeks of losses.  Read more »

PDIC files criminal case vs Banco Filipino officials

ABS-CBN News
Posted at Dec 05 08:48 PM

PDIC filed the case before the Department of Justice saying the bank officials conducted business "in an unsafe or unsound manner" as Banco Filipino was in dire financial difficulty when the fees were paid.  Read more »

Inflation seen creeping up in November as base effect fades

Reuters
Posted at Dec 04 03:19 PM

Inflation likely quickened for the first time in six months in November on higher food prices and fading base effect, but the expected number will be below the central bank's comfort range for the year, a Reuters poll showed.  Read more »

Study shows digital payments skyrocketed in PH

ABS-CBN News
Posted at Dec 02 11:38 PM

The Bangko Sentral ng Pilipinas is confident of hitting bigger growth targets for the country's e-payments transformation after a study shows monthly digital transactions in the Philippines skyrocketed in 2018. Read more »

Inflation likely settled at 0.9 to 1.7 percent in November: BSP think tank

ABS-CBN News
Posted at Nov 29 03:23 PM

Lower domestic rice prices and a stronger peso tempered the upward pressures such as the increase in electricity, LPG and gasoline rates as well as other food items, the BSP's Department of Economic Research said in a statement.  Read more »

Maja blanca with P2.4 million annual sales seeks place on Noche Buena table

Jessica Fenol, ABS-CBN News
Updated as of Nov 28 10:45 AM

The 28-year-old father of 1 grew a P10,000 micro entrepreneur loan 5 years ago into PK Maja's Special, supplying puto and kutsinta topped with cheese to schools, groceries and restaurants in 9 cities and towns in Batangas, south of the capital. Read more »

OFW cash remittances sa HK bumaba dahil sa patuloy na tensiyon, protesta

ABS-CBN News
Posted at Nov 26 08:15 PM

Bumaba ang cash remittances ng mga overseas Filipino workers (OFW) sa Hong Kong dahil sa patuloy na tensiyon at protesta sa lugar.  Read more »

BSP pushes for digital services, microfinancing for small businesses

Jessica Fenol, ABS-CBN News
Updated as of Nov 27 07:26 AM

The BSP aims to improve the exposure of micro, small and medium enterprises’ (MSMEs) to loans by supporting policies for innovative services, Diokno said in a speech during the 17th Citi Microentrepreneurship Awards.  Read more »

BSP eases bank reserve rules to inject more cash into economy

ABS-CBN News
Updated as of Nov 26 09:54 AM

After the Philippine central bank adopted a new definition of deposit substitutes, local banks are now eager to see how that new policy will inject more money into the country's economy. Read more »

Foreign investors confident PH can weather negative impact of US-China trade war

ABS-CBN News
Posted at Nov 21 11:09 PM

The Bangko Sentral ng Pilipinas is ready to address disruptions in the global economy amid the dimming prospects for a trade deal between the US and China. Read more »

Suspension of rice imports won't impact inflation, says Diokno

ABS-CBN News
Posted at Nov 20 07:00 PM

"...On prices naman, sinusewerte pa rin tayo, mababa pa rin ang long term forecast of oil prices, sinuswerte tayo all the way. So, we’ll have a nice Christmas," says BSP Gov. Ben Diokno.  Read more »

Bangko Sentral launches standardized QR, platform for digital payments

ABS-CBN News
Posted at Nov 20 06:45 PM

The EGov Pay will allow consumers to make financial transactions with government agencies electronically, while QR Ph will push for a QR code standard for all digital transactions in the country to be adopted by all financial technology firms as well as banks, the BSP said.  Read more »

PH posts $163-million balance of payments surplus in October

ABS-CBN News
Posted at Nov 19 06:30 PM

This was a reversal of $458 million BOP deficit booked in the same month last year, the BSP said.  Read more »

Underpayment one of top complaints of employees, DOLE says

ABS-CBN News
Posted at Nov 18 10:53 PM

The Bangko Sentral ng Pilipinas and the Department of Labor and Employment are urging businesses to course employees' salaries through bank accounts instead of in cash. Read more »

BSP set to release rules on sustainability financing

ABS-CBN News
Posted at Nov 16 03:12 PM

The Bangko Sentral ng Pilipinas is set to issue rules on sustainability financing soon as it seeks to spur investments and funding for green initiatives. Major banking players in and out of Manila have already started to push for responsible financing. Bruce Rodriguez reports.   Read more »

BSP keeps interest rates steady, as economy recovers

ABS-CBN News
Posted at Nov 14 11:16 PM

The Bangko Sentral ng Pilipinas hits pause on monetary easing with the country's economy bouncing back. Read more »

PH shares slide ahead of BSP’s latest policy announcement

ABS-CBN News
Posted at Nov 14 11:13 PM

Philippine shares extended losses but having yet to react to the Bangko Sentral ng Pilipinas' latest policy decision.  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 »

BSP says inflation likely bottomed out in October

ABS-CBN News
Updated as of Nov 06 12:04 AM

The country's inflation further slows in October, but the Bangko Sentral ng Pilipinas sees it picking up for the remainder of the year. Read more »

Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »