Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no need to alter or revise the Currency Risk Protection Program (CRPP) which allow banks to hedge their eligible foreign currency obligations. “We have not seen the need to further update or expand the hedging facility...
Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC), which has just identified the country’s servicing of debts and credit-related risks as red flags to potential systemic issues, is strongly pursuing the signing of a proposed executive order (EO) to empower the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Friday that risks to the inflation outlook remains “broadly balanced” but also crucial for inflation control that there is enough meat in the coming months. “(The) projected decline of inflation depends crucially on the timely...
COVID-related hits on local banks’ asset quality will critically affect their stand-alone credit profiles and viability ratings (VR), said Fitch Ratings. The credit watcher echoed what it said last March that big banks are vulnerable to VR downgrades as the economy remains weak resulting to banks...
Landscape Gemma Cruz Araneta Seventy-eight frustrating years had passed since the promulgation of the 1812 Cadiz Constitution which stipulated that colonies and overseas possessions should be considered as provinces, integral parts of Spain, the metropolis. As provinces, these territories would be...
Gov. Francisco Emmanuel 'Pacoy' R. Ortega III La Union secured two awards at the Aliw Awards 2020 - Best Festival Practices and Performance for Mutia ti La Union 2020 and Best Festival Catalyst/Organizer - during ceremonies held at the Manila Hotel recently. The Best Special Events Director was...
You probably know by now that for online security and safety you need to check and make sure that there is a padlock at the left of the website address and that the address that you typed has an extra "S" in it. Here's a simple explanation why. HTTP stands for Hypertext Transfer Protocol that extra...
