Local government officials are pushing for the restructuring of loans and granting of concessional rates to tourist transport operators using the funds from the Bayanihan to Recover as One Act (Bayanihan 2) to give them 2-3 years breathing space from high interest rates. Bohol Governor Arthur Yap...
The central bank’s guidelines on the establishment of digital banks is expected to be approved this month, according to a Bangko Sentral ng Pilipinas (BSP) official. BSP Deputy Governor Chuchi G. Fonacier (Bloomberg file photo) BSP Deputy Governor Chuchi G. Fonacier said the circular will be...
The Bangko Sentral ng Pilipinas (BSP) will accelerate its gold purchases and will be more opportunistic in its gold trading, according to its highest-ranking official. MB File “BSP will be opportunistic, sell when gold prices are high,” said BSP Governor Benjamin E. Diokno over the weekend. He...