BSP’s cap on large cash withdrawals lauded
‘This will make it cumbersome to deliver large volumes of cash in SOPs, commissions, and payoffs from one corrupt government contractor or influence peddler to…
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Daily TribuneTopic
‘This will make it cumbersome to deliver large volumes of cash in SOPs, commissions, and payoffs from one corrupt government contractor or influence peddler to…
· 2 MIN READ
The central bank said the August surplus was mainly due to its net income from investments abroad. This trimmed the year-to-date deficit to $5.4 billion from…
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The country’s balance of payments (BOP) swung to a surplus of $359 million in August, higher than the $88 million surplus recorded in the same month last year,…
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The measure, issued on 18 September, comes as regulators seek to lessen risks linked to excessive use of cash while encouraging Filipinos to shift to digital…
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The Japan Credit Rating Agency also emphasized the Philippines’ ‘solid foreign currency liquidity position,’ noting that it will allow the country to remain…
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The Bangko Sentral ng Pilipinas (BSP) clarified that the mandatory credit quota for micro, small and medium enterprises (MSMEs) under the Magna Carta has…
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A request by DPWH Secretary Vince Dizon to freeze assets of those involved in flood-control anomalies has resulted in swift action by the BSP and the AMLC. ‘We…
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The Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMLC) have moved decisively to freeze assets of officials and contractors…
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The offer price of P10.42 per share is on an all-cash basis and carries a 19.33 percent premium over the stock’s one-year volume-weighted average price.
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The move signals that the Philippines is nearing potential inclusion in J.P. Morgan’s Government Bond Index-Emerging Markets, a widely tracked benchmark for…
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Cash remittances from overseas Filipinos (OFs) reached US$3.18 billion in July, up 3 percent from the US$3.08 billion recorded in the same month last year, the…
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Bangko Sentral ng Pilipinas data showed the country’s BoP with a $2.6-billion deficit in April to June, reversing the $1.2-billion surplus recorded in the same…
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‘FDI growth signals strong international confidence in the Philippines’ economic fundamentals.’
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The Department of Health has framed compulsive online betting as a mental-health concern fueled by smartphone access and ubiquitous ads.
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Latest BSP data showed that total loans to MSMEs reached P540.9 billion as of end-June, up 10.8 percent from P488.1 billion in the same period last year.
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‘We are seeing a growing willingness among Filipinos to embrace credit as a tool for progress, but they want to know they can do so with confidence.’
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Loans to micro, small and medium enterprises (MSMEs) remained far below mandated levels in the second quarter, underscoring persistent financing challenges. In…
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The decline in June reflected the shift in nonresidents’ net equity capital investments (excluding reinvested earnings), which reversed from $85 million…
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