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Lawrence Agcaoili
Lawrence Agcaoili
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BOP posts $38 million surplus in September
by Lawrence Agcaoili - October 19, 2019 - 12:00am
The Philippines continued to maintain a healthy external payments position in September, reflecting the country’s strong macroeconomic fundamentals and firm growth prospects, according to the Bangko Sentral...
Long-term growth of 6.5% sustainable — Diokno
by Lawrence Agcaoili - October 19, 2019 - 12:00am
The Philippines is capable of sustaining a long-term economic growth of 6.5 percent amid the long list of structural reforms that started way back in the 1990s, Bangko Sentral ng Pilipinas Governor Banjamin Diokno...
BPI profit jumps 29.5% in 9 months
by Lawrence Agcaoili - October 18, 2019 - 12:00am
Ayala-led Bank of the Philippine Islands booked a 29.5 percent jump in net income to P22.03 billion in the first nine months from P17.01 billion in the same period last year after a strong performance in the third...
Deadline set for banks’ QR code compliance
by Lawrence Agcaoili - October 18, 2019 - 12:00am
The Bangko Sentral ng Pilipinas has given banks and financial institutions until end-June next year to fully adopt a national quick response code standard.
AUB starts first tranche of P30 billion bond offering
by Lawrence Agcaoili - October 18, 2019 - 12:00am
Publicly listed Asia United Bank Corp. has started the offer period for its maiden peso-denominated bond issuance as part of its P30 billion fund raising activity.
Hot money continues to flee Philippines
by Lawrence Agcaoili - October 18, 2019 - 12:00am
Speculative funds continued to exit the Philippines in September amid a spate of geopolitical issues which affected the flow of hot money globally.
BIR padlocks another POGO
by Lawrence Agcaoili - October 18, 2019 - 12:00am
The government continued its crackdown on unregistered Philippine offshore gaming operators as the Bureau of Internal Revenue shut down yesterday another service provider for tax evasion amounting to around P100...
BSP earnings jump 24% to P33 billion
by Lawrence Agcaoili - October 17, 2019 - 12:00am
Earnings of the Bangko Sentral ng Pilipinas jumped by nearly 25 percent to P33.51 billion in the first eight months from P26.93 billion in the same period last year as higher interest income boosted revenues.
BSP to double real-time cash transfer ceiling to P100,000
by Lawrence Agcaoili - October 16, 2019 - 12:00am
The Bangko Sentral ng Pilipinas is set to double the ceiling on real-time cash transfers to P100,000 per transaction from the current threshold of P50,000 per transaction.
IMF lowers 2019 growth forecast for Philippines to 5.7%
by Lawrence Agcaoili - October 16, 2019 - 12:00am
The International Monetary Fund has lowered anew its economic growth forecasts for the Philippines for 2019 and 2020 due to the disappointing performance in the first half, as well as external headwinds caused by...
BSP cuts bank reserves for bonds by half to 3%
by Lawrence Agcaoili - October 16, 2019 - 12:00am
The Bangko Sentral ng Pilipinas slashed by half the reserve requirement ratio for bonds issued by banks as part of its commitment to contribute to the deepening of the local debt market.
OFW remittances rise 4% in August
by Lawrence Agcaoili - October 16, 2019 - 12:00am
Remittances sent home by overseas Filipino workers went up by 4.2 percent to $2.87 billion in August from $2.76 billion in the same month last year, the Bangko Sentral ng Pilipinas reported yesterday.
BSP: Banks now allowed ­to submit reports via AI
by Lawrence Agcaoili - October 15, 2019 - 12:00am
The Bangko Sentral ng Pilipinas is simplifying the reporting requirements of banks and financial institutions through artificial intelligence (AI) to improve the timeliness, ease, and integrity of data submissi...
Redesigned P5, new P20 coins unveiled in December
by Lawrence Agcaoili - October 15, 2019 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) said the redesigned P5 and new P20 coins will be released in circulation early next year after the ceremonial unveiling in December.
MSME lending grows 12% to P776 billion in H1
by Lawrence Agcaoili - October 14, 2019 - 12:00am
Loans extended by Philippine banks to micro, small, and medium enterprises (MSMEs) rose by double-digit rate of 12.4 percent in the first half, but still fall short of the mandated amount for the sector.
BSP shuts down Siquijor bank
by Lawrence Agcaoili - October 14, 2019 - 12:00am
The Bangko Sentral ng Pilipinas has shut down another ailing rural bank, bringing to eight the number of closed banks this year as the regulator continues to weed out weak players.
Robinsons Bank eyes P2.5 billion in return to local debt market
by Lawrence Agcaoili - October 13, 2019 - 12:00am
Gokongwei-led Robinsons Bank Corp. is tapping the onshore debt market anew with plans to raise at least P2.5 billion to support the bank’s growing lending portfolio.
Rate easing cycle to support economic growth — Moody’s
by Lawrence Agcaoili - October 13, 2019 - 12:00am
Moody’s Investors Service said the easing cycle by the Bangko Sentral ng Pilipinas amid the continued downtrend in inflation would support economic growth for the remainder of the year.
Rediscount loans up 4-fold to record P118.7 billion
by Lawrence Agcaoili - October 13, 2019 - 12:00am
Banks continued to further beef up their lending portfolios by taking out more loans from the rediscount window of the Bangko Sentral ng Pilipinas (BSP) in the first nine months of the year.
PNB raises P4.6 billion from LTNCD issue
by Lawrence Agcaoili - October 12, 2019 - 12:00am
Philippine National Bank raised P4.6 billion as it tapped the onshore debt market anew via the issuance of long-term negotiable certificates of deposits.
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