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Lawrence Agcaoili
Lawrence Agcaoili
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Government, private sector can save up to $45 billion on digitalization
by Lawrence Agcaoili - January 14, 2020 - 12:00am
The government and private sector are expected to save up to $45 billion annually following the decision of the Bangko Sentral ng Pilipinas to ramp up digital payments in the country, according to the United Nations’...
‘Peso may weaken to 52.5 to $1 this year’
by Lawrence Agcaoili - January 13, 2020 - 12:00am
The peso may weaken against the dollar this year after emerging as the second best performing currency in the region and ending six years of consecutive losses last year, according to MUFG Bank.
Remittances to remain stable
by Lawrence Agcaoili - January 13, 2020 - 12:00am
Remittances from overseas Filipino workers are expected to remain stable despite the possibility of a total deployment ban to Kuwait, according to the Bangko Sentral ng Pilipinas.
Import slowdown to further narrow current account gap
by Lawrence Agcaoili - January 12, 2020 - 12:00am
JP Morgan Securities Singapore Pte. Ltd. sees a slower outflow of US dollars this year amid the projected slowdown in capital goods imports due to limited pickup in capital expenditures.
Foreign investments plunge 33% in 10 months, says BSP
by Lawrence Agcaoili - January 12, 2020 - 12:00am
Net inflows of foreign direct investments plunged 32.8 percent from January to October last year despite a surge in October, the Bangko Sentral ng Pilipinas said.
Rediscount loans jump 71% to P122.2 billion in 2019
by Lawrence Agcaoili - January 11, 2020 - 12:00am
Banks further beefed up their lending portfolios as loans from the rediscount window of the Bangko Sentral ng Pilipinas jumped by 71 percent to a record high of P122.17 billion last year from P71.52 billion in ...
S&P sees credit growth at 10 to 12% this year
by Lawrence Agcaoili - January 11, 2020 - 12:00am
Philippine banks may enjoy a faster credit growth of between 10 and 12 percent this year amid the easing cycle by the Bangko Sentral ng Pilipinas as well as the stronger demand for loans to finance the country’s...
PSBank raising P3 billion anew from bond issuance
by Lawrence Agcaoili - January 10, 2020 - 12:00am
Philippine Savings Bank is raising another P3 billion from the domestic debt market through the issuance of fixed rate bonds.
Timely approval of 2020 budget credit positive for Philippines — Moody’s
by Lawrence Agcaoili - January 10, 2020 - 12:00am
Moody’s Investors Service said the timely passage of the 2020 national budget would help sustain the rapid economic growth of the Philippines against an uncertain global backdrop.
Rising property prices expose banks to risks — Fitch
by Lawrence Agcaoili - January 9, 2020 - 12:00am
The sustained surge in property prices over the past three quarters, driven by a boom in the Philippine offshore gaming operator industry, presents rising risks to the country’s banking system, according to...
Rate cuts spur double-digit credit growth
by Lawrence Agcaoili - January 9, 2020 - 12:00am
Credit growth picked up pace in November last year, rising by 10.1 percent as the Bangko Sentral ng Pilipinas slashed key interest rates and lowered the reserve requirement of banks.’
Term deposit rates fall as liquidity returns
by Lawrence Agcaoili - January 9, 2020 - 12:00am
The yields of term deposits fell across the board anew as liquidity has started to return to the financial system after the Christmas and New Year holidays, according to the Bangko Sentral ng Pilipinas.
Forex reserves hit record high $87.9 billion
by Lawrence Agcaoili - January 8, 2020 - 12:00am
The country’s foreign exchange buffer reached a record high $87.86 billion in 2019, 10.9 percent higher than the $79.19 billion recorded in 2018 due to strong foreign exchange inflow, according to the Bangko...
Peso weakening to 53:$1 this year, economists say
by Lawrence Agcaoili - January 8, 2020 - 12:00am
Economists expect the peso to weaken to 53 to $1 this year amind the escalating tension between US and Iran.
More RRR cuts seen in 2 years
by Lawrence Agcaoili - January 8, 2020 - 12:00am
The Bangko Sentral ng Pilipinas may lower further the level of deposits banks are required to keep with the BSP by 400 basis points over the next two years, according to British banking giant HSBC.
Inflation accelerates to 2.5% in December
by Lawrence Agcaoili - January 8, 2020 - 12:00am
Consumer prices rose at a faster pace in December 2019, driven by brisk holiday spending and supply constraints caused by recent typhoons, the Philippine Statistics Authority said yesterday.
More LGUs interested in credit surety fund
by Lawrence Agcaoili - January 7, 2020 - 12:00am
More local government units have expressed willingness to participate in the credit enhancement program for small and medium enterprises established by the Bangko Sentral ng Pilipinas more than 11 years ago.
Top bank executives bullish on growth prospects for 2020
by Lawrence Agcaoili - January 7, 2020 - 12:00am
Top banking executives are bullish on the prospects for the country’s banking industry this year amid the projected faster economic growth as well as the easing cycle by the Bangko Sentral ng Pilipinas.
ING sees higher inflation, bond yields
by Lawrence Agcaoili - January 7, 2020 - 12:00am
Dutch financial giant ING Bank expects inflation and bond yields to rise as a result of a stronger economic performance for this year.
US-Iran tension downplayed
by Lawrence Agcaoili - January 7, 2020 - 12:00am
The Bangko Sentral ng Pilipinas and private economists yesterday downplayed the impact of the US-Iran conflict on the country’s inflation as well as remittances.
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