Lotto results for August 27, 2021

The Philippines is expected to post wider balance of payments deficits this year and next as elevated global uncertainty, weaker capital inflows and persistent energy price pressures continue to weigh on the country’s external position, the Bangko Sentral ng Pilipinas said.

Philippine banks remain capable of absorbing potential shocks even as Fitch Ratings warned that slower economic growth, high energy prices and rapid expansion in unsecured consumer lending could raise asset quality risks and weigh on bank earnings, according to the Bangko Sentral ng Pilipinas (BSP).

As the Bangko Sentral ng Pilipinas (BSP) pushes the financial sector toward stronger authentication standards, the biggest adjustments may not be happening inside banks or e-wallets but at the checkout counters of millions of small businesses.

The Bangko Sentral ng Pilipinas (BSP) has warned supervised institutions against extending, sharing or transferring of the authority to offer electronic money services to unlicensed partners, platforms or third-party providers.

The Bangko Sentral ng Pilipinas (BSP) may still raise interest rates further as it tries to contain inflation without worsening the economy’s slowdown, Monetary Board member Benjamin Diokno said.