The Bangko Sentral ng Pilipinas (BSP) has directed all banks and their subsidiaries to submit quarterly reports of their remaining London Inter-Bank Offered Rate or LIBOR-related exposures until end-2023. BSP Deputy Governor Chuchi G. Fonacier, who signed the memo (Memorandum No. M-2021-058) on...
Governor Daniel R. Fernando said that 1,932,192 or 58 percent of Bulakenyos have already been vaccinated against COVID-19, of which 1,076,166 were given their first dose and 856,026 who were fully vaccinated. Governor Daniel R. Fernando urges Bulakenyos to buck face-to-face classes until the...
Benchmark interest rates moved sideways on Monday, Oct. 18, as yields for the three-month and one-year IOUs resumed their increase, while the six-month paper marginally dropped. The 91-day Treasury bill rate, which banks use in pricing their loans, went up to 1.113 percent from 1.095 percent a week...
The Bangko Sentral ng Pilipinas (BSP) is not inclined to increase the amount it lends to the national government on the back of the improving coronavirus situation in the country. BSP Governor Benjamin E. Diokno said Thursday, Oct. 14, that he does not see a need to raise the direct cash advance...
Vice President Leni Robredo's camp confirmed on Friday, Oct. 1 that she indeed went to Camaines Sur to transfer her voter registration. Vice President Leni Robredo (Photo from OVP) However, it was a only "quick trip" as Robredo is already back in Metro Manila, Office of the Vice President (OVP)...
Davao City Mayor Sara Duterte-Carpio’s unwillingness to run for president despite consistently leading poll surveys for the position has given supporters more reason to encourage her to lead the nation. 50B3404E-BB7A-4E14-B32F-F0F7E874583D “Mayor Sara’s reluctance to run means she has...
Big banks in the country remained well-capitalized despite the prolonged pandemic-induced crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin E. Diokno said that big banks’ capital adequacy ratio (CAR), a measure of lenders’ solvency, improved to 17.6 percent in the first...
NIGHT OWL Anna Mae Lamentillo The economist. The reformist. The professor. While these may sound like characters in a television series, I’m just referring to only one real person. These could well describe the three main hats that Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno...
More than 300 Japanese guests from Japan’s leading corporate and financial institutions have participated in the virtual Philippine Economic Briefing (PEB) that highlighted the Duterte administration’s efforts to push for a much stronger and more inclusive economy in the post-COVID-19 pandemic...
Huge allocations of the coronavirus disease (COVID-19) vaccine--enough to inoculate 10 million people--will be sent to the provinces of Region IV-A or Calabarzon in the last four months of the year. Presidential Spokesperson Harry Roque speaks during a virtual press briefing on Aug. 26, 2021...
The Hugpong ng Pagbabago headed by its chairperson, presidential daughter and Davao City Mayor Sara Duterte, is not inclined to accept President Rodrigo Duterte’s endorsement for her to run for president in the tandem with Senator Christopher “Bong” Go in the 2020 national elections. HNP LOGO...
The Bangko Sentral ng Pilipinas (BSP) is tightening its monetary penalty system on erring banks by imposing a maximum P1 million for each transactional violation or P100,000 per business day for continuing offense. The previous monetary penalty for banks and/or their directors and officers was...
