The central bank’s term deposit facility (TDF) has a slightly lower volume this week of P350 billion while yields ended mixed. The 28-day TDF’s offer was cut from P50 billion from its September 9 auction to P20 billion ahead of the Bangko Sentral ng Pilipinas’ (BSP) first offering of BSP...
Jimmy Alapag, center, poses with long-time manager Charlie Dy and his Alab Pilipinas assistant coach MC Abolucion prior to his departure for the US on Tuesday. (Photo from Charlie Dy) PBA and Gilas Pilipinas great Jimmy Alapag and his family left the country Tuesday night to begin a new life in the...
The central bank yesterday said for the first half of 2020 the country’s net foreign direct investments (FDI) inflows fell by 18.3 percent to $2.997 billion from $3.670 billion same period last year because of the COVID-19 pandemic. FDIs are equity capital, reinvestment of earnings, and...
Cash remittances sent by overseas Filipinos (OF) via the banking networks increased by 7.8 percent in July but January-July data still show a decline of 2.4 percent to $16.802 billion because of the COVID-19 pandemic. The 2.4 percent year-to-date (YTD) decline is recorded both for the cash and...
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...
Stallion-Laguna coach Ernie Nierras uses a megaphone to give instructions to his players during a training session at the PFF National Training Centre in Carmona, Cavite. (Photo from PFL) The PBA, Chooks-to-Go Pilipinas 3x3 and Philippines Football League remained hopeful despite a lukewarm...
The 48 thrift banks supervised by the central bank continue to be stable amid the COVID-19 pandemic despite decreased deposits and portfolio, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “During the first semester of 2020, we noted a decline in thrift banks’...
Humans have fascination for gold, it is part of who we are. It is part of civilization. It is a tangible liquid asset that is always short in supply and strong demand. Thus, in times of crisis like this pandemic, governments and companies run for safe assets by buying more gold. Since March this...
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...
And there are talks that the app will be used as a unified platform for other sports leagues in the country Chooks 3x3 commissioner Eric Altamirano, in collaboration with Global Electric Transport (GET) Philippines, is set to launch a contact tracing application that can be used as unified...
The call not to allow the Philippine Coconut Authority (PCA) to handle the P100-billion coconut levy fund is growing. There’s also a call to use the funds only for the benefit of small coconut farmers. In a statement, Kalipunan ng mga Maliliit na Magniniyog sa Pilipinas (KAMMPIL) appealed for the...
For disaster resilience The Asian Development Bank (ADB) has approved a new loan allowing the Philippines to quickly access emergency financing in the event of disasters triggered by natural hazards and public health emergencies. In a statement, the Manila-based financial institution announced...
