Lee C. Chipongian
'Comfortable' inflation level to signal rate cut - BSP
April 24, 2024 6:33 am
The Bangko Sentral ng Pilipinas (BSP) will have to be comfortable where inflation is before it could consider reducing the target reverse repurchase (RRP) or policy rate, according to BSP Deputy Governor Francisco G. Dakila Jr.
Landbank’s loans to cooperatives reach P73.8 B
April 23, 2024 3:07 pm
Government-controlled Land Bank of the Philippines (Landbank) has extended P73.8 billion worth of loans to the cooperative sector as of end-February this year, benefiting almost 1,400 agri and non-agri-based cooperatives in the country.
Philippine external debt service up 110% in January
April 22, 2024 6:17 am
The country’s external debt service burden increased by 110 percent to $1.729 billion in January compared to $823 million in the same period last year, based on Bangko Sentral ng Pilipinas (BSP) data.
BSP bans another money service provider
April 21, 2024 1:59 pm
The Bangko Sentral ng Pilipinas (BSP) has cancelled the registration of money service business (MSB) operator Nikko Mart (NIKKO) due to violations of existing rules and regulations.
Moody’s affirms UnionBank ratings, outlook
April 21, 2024 1:58 pm
Moody’s Ratings has retained its “Baa2” ratings for Aboitiz-led Union Bank of the Philippines (UnionBank) while its outlook also remained “negative” amid some concerns on profitability and asset quality.