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Archives

BSP term deposit facility rates rise

MANILA – After several weeks of decline, average rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) increased …

Digital upscaling priority under proposed 2021 budget

MANILA – The Philippine government is firm on facing the digital economy head-on as allocations have been included for this under …

Diokno stresses importance of gradual re-opening of economy

The economic impact of the coronavirus disease 2019 (Covid-19) pandemic is projected to be greater than expected, hence, the need …

PH banks can manage credit risk from ABS-CBN loans

Philippine banks remain strongly capable of managing risks on their credit portfolio despite the non-renewal of broadcast giant ABS-CBN’s franchise, …

Diokno cites need for vigilance vs. spillovers of pandemic

  Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said authorities are now more vigilant in ensuring that spillovers of …

Stocks index recovers, peso weakens

  The Philippine Stock Exchange index (PSEi) managed to recover on Tuesday but the peso weakened against the US dollar …

Bank start-up Tonik eyes strong digital-only biz in PH

MANILA – Philippines’ tech-savvy and generally young population makes digital bank start-up Tonik hopeful for a robust digital-only bank operations …

PH companies consider cybersecurity risks as low, moderate

MANILA – Executives of Philippine corporations consider their entities’ risk to cyberthreats to be “low” to “moderate” given the increased …

Strong e-payments growth seen

MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said he is optimistic about the further expansion of electronic …

Economists weigh in on peso’s resiliency in 2021

  MANILA – An economist expects the Philippine peso to remain strong against the greenback on account of resilient domestic fundamentals but …

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