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Archives

Peso soars to 4-year high; stocks hit 8-month high

MANILA – The Philippine peso finished Friday on a four-year high against the greenback while the main equities index posted …

Diokno expects PH economy’s full recovery by 2022

  MANILA – The growth normalization of the Philippine economy may be expected by 2022, Bangko Sentral ng Pilipinas (BSP) Governor …

Cyber crimes up during early days of quarantine: Diokno

MANILA – Cyber threats increased during the earlier days of the community quarantine but these have been addressed by financial institutions’ …

PH eyes P6-T borrowing to support economic recovery

MANILA – The government is keen on borrowing PHP3 trillion each in 2020 and 2021 to help boost funds for economic …

BSP’s term facility rates rise

MANILA – The Bangko Sentral ng Pilipinas (BSP) did not offer anew the 28-day term deposit facility (TDF) Wednesday but oversubscriptions …

Contraction in OFW remittances seen until 2021

MANILA – The continued job losses among overseas Filipino workers (OFWs) are expected to hurt remittance inflows to the Philippines until …

Nat’l ID boost to BSP’s financial inclusion bid

MANILA – The national identification (ID) will not only provide a foundational ID system in the country but will also ensure …

Gov’t proposes P838.35-B for Covid-19 programs

MANILA – Projects related to coronavirus disease 2019 (Covid-19) included in the proposed 2021 national budget amount to around PHP838.35 billion, …

Fitch affirms ratings of 5 PH banks

MANILA – Fitch Ratings affirmed five Philippine private banks’ long-term issuer default ratings after noting the government’s readiness to support the …

Landbank open to hike P3-B loan facility for bus modernization

MANILA – State-owned Land Bank of the Philippines (Landbank) is willing to increase its PHP3-billion lending facility for the government’s bus …

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