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Lawrence Agcaoili
Lawrence Agcaoili
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E-money transactions vault 22% to P629 billion
by Lawrence Agcaoili - September 17, 2019 - 12:00am
Electronic money transactions went up by 22.4 percent to P628.9 billion in the first half of the year from P513.8 billion in the same period last year and is expected to further rise as the Bangko Sentral ng Pilipinas...
BDO raising P5 billion via LTNCD issuance
by Lawrence Agcaoili - September 17, 2019 - 12:00am
BDO Unibank Inc. is raising at least P5 billion via the issuance of long-term negotiable certificates of deposits (LTNCDs) as part of efforts to diversify its funding sources and support its business expansion ...
Remittance growth fastest in 9 months
by Lawrence Agcaoili - September 17, 2019 - 12:00am
Money sent home by Overseas Filipino Workers (OFWs) recovered in July, recording the fastest growth in nine months, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
HSBC expects no substantial near term risks from RRR cuts
by Lawrence Agcaoili - September 16, 2019 - 8:37pm
British banking giant HSBC said there are no substantial near term risks from the continued lowering of the level of deposits banks are required to keep with the Bangko Sentral ng Pilipinas (BSP).
Rediscount loans steady at P117 billion in 8 months
by Lawrence Agcaoili - September 16, 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 eight months.
ANZ sees import growth picking up in 2nd half
by Lawrence Agcaoili - September 16, 2019 - 12:00am
ANZ Research said import growth would pick up in the second half amid the catch up plan on government spending due to the delayed implementation of the 2019 national budget.
External debts balloons 12% to $81.3 billion in H1
by Lawrence Agcaoili - September 16, 2019 - 12:00am
The country’s external debt recorded a double-digit 12.5 percent increase in the first half as the government continues to borrow more from foreign lenders, the Bangko Sentral ng Pilipinas (BSP) reported over...
Philippines’ CA deficit to widen until 2021 — Fitch
by Lawrence Agcaoili - September 16, 2019 - 12:00am
The country’s current account (CA) deficit would continue to widen until 2021 due to strong import growth, according to Fitch Ratings.
Producers Bank on continued acquisition mode
by Lawrence Agcaoili - September 15, 2019 - 12:00am
Producers Savings Bank continued its acquisition mode, completing the take-over of 19 banks across the country to bolster its assets sustain and profit growth via its branch network expansion.
Current account gap narrows sharply in Q2
by Lawrence Agcaoili - September 15, 2019 - 12:00am
The country’s current account (CA) deficit narrowed sharply to $145 million in the second quarter, the Bangko Sentral ng Pilipinas (BSP) said.
BSP mint facility in Clark to be completed in 2 years
by Lawrence Agcaoili - September 14, 2019 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is set to complete the planned smart, green, and modern currency production facility in a 29.22-hectare complex at the New Government Administrative Center (NGAC) here in the...
Diokno sees earlier action on rate cut, RRR reduction
by Lawrence Agcaoili - September 14, 2019 - 12:00am
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the next monetary action through another interest rate cut or the reduction of the reserve requirement ratio could come as early as this month due to easing...
BSP targets live ‘chatbot’ in 2020
by Lawrence Agcaoili - September 13, 2019 - 12:00am
The Bangko Sentral ng Pilipinas is set to launch a ‘chatbot’ as it continues to embrace artificial intelligence in efficiently handling consumer concerns.
Payment systems operators required to register with BSP
by Lawrence Agcaoili - September 13, 2019 - 12:00am
Operators of payment systems are now required to register with the Bangko Sentral ng Pilipinas as the government ramps up the country’s transformation to a cash-lite economy.
Foreign investment inflows drop 48.5% in June
by Lawrence Agcaoili - September 12, 2019 - 12:00am
Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the...
Term deposit yields down across the board
by Lawrence Agcaoili - September 12, 2019 - 12:00am
Yields of term deposits eased across all tenors as banks continued to park their excess funds in the liquidity absorption facility.
BSP strengthens consumer protection
by Lawrence Agcaoili - September 12, 2019 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) has strengthened its financial consumer protection framework in light of the increased complexity of financial products and rapid technological innovations in financial products...
Metrobank floats P5 B bonds under P100-B capital-raising program
by Lawrence Agcaoili - September 11, 2019 - 12:00am
Ty family-led Metropolitan Bank & Trust Co. (Metrobank) is raising at least P5 billion under the fourth tranche of its P100 billion bond and commercial paper program.
Central Bank HQ set for renovation
by Lawrence Agcaoili - September 10, 2019 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is considering the retrofitting and renovation of its headquarters in Manila once the planned transfer of the Security Plant Complex (SPC) to the New Clark City in Capas, Tarlac...
Faster credit growth seen amid rate easing
by Lawrence Agcaoili - September 10, 2019 - 12:00am
Credit growth is expected to pick up this year amid the continued drop in interest rates due to the inflation downtrend, according to Dutch financial giant ING Bank.
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