Business NEWS

The Bangko Sentral ng Pilipinas (BSP) will issue additional policy guidelines for the trust business to improve liquidity and access particularly in the P1.3-trillion unit investment trust fund (UITF) market.

The Bangko Sentral ng Pilipinas (BSP) is currently reviewing investments to assist banks to climate-proof the financial system and to issue more green, social and sustainability bonds.

Short-term benchmark interest rates moved sideways amid Omicron threat.

The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio.

The Bangko Sentral ng Pilipinas’ (BSP) securities auction last Friday, Dec. 4, fetched a higher yield while bids were slightly oversubscribed.

The Duterte administration has lowered the amount of subsidy extended to government owned and controlled corporations (GOCCs) for October, data from the Bureau of the Treasury showed.

Banks have allocated P239.4 billion worth of loans as alternative compliance to the reserve requirement (RR) rule to ensure continued support to the country’s key economic sectors.

The Department of Finance (DOF) has directed three government social institutions (GSIs) to fully comply with the Philippine Financial Reporting Standards (PFRS) 4 in reporting their social benefit liabilities (SBLs).

The inflation rate for the month of November could settle at 3.9 percent or within the two-four percent government target, said Security Bank Corp. (SBC).

WASHINGTON (AFP) – The IMF on Thursday urged advanced economies in the G20 to extend and improve their debt relief initiative, warning that many countries face a dire crisis without the help.

There was a slight undersubscription in the central bank’s auction of the two-tenor term deposit facility (TDF) this week but yields went up, said Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the recovery of post-pandemic financial markets will have to depend on socio-economic interlinkages and on how the different economies behave with one another to manage emerging systemic risks.

The Bangko Sentral ng Pilipinas (BSP) is encouraging the country’s 405 rural banks to use technology and to digitalize most of its products and services to promote financial inclusion outside of the National Capital Region.

The Philippine Deposit Insurance Corp. (PDIC) aims to continue cleaning up its non-cash portfolio by targeting to dispose of 807 real properties and resolve 17,826 loan accounts in closed banks.

The implementation of the Mandanas-Garcia ruling may likely drag down the country’s economic recovery due to less efficient spending by local government units (LGUs), the Department of Finance (DOF) warned.

Big banks’ outstanding loans sustained its growth in October, up by 3.5 percent year-on-year compared to 2.7 percent in September, based on Bangko Sentral ng Pilipinas (BSP) data.

The Bangko Sentral ng Pilipinas (BSP) is pushing for offline digital payment solutions for transactions not requiring internet connection to be able to bring financial services and products to off-grid areas.

The central bank said domestic liquidity grew by 8.2 percent year-on-year to P14.64 trillion in October, slightly lower compared to the 8.3 percent expansion in September.