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Banks’ bad loans hit 11-year high
Banks’ bad loans hit 11-year high
By Lawrence Agcaoili | 5 days ago
The asset quality of Philippine banks further deteriorated for the second straight month in February as the industry’s...
Business
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More firms expanding, hiring in Q2
More firms expanding, hiring in Q2
By Lawrence Agcaoili | 9 days ago
More companies are planning to expand their operations and hire more workers on hopes the economy will eventually reopen and...
Business
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Businesses more optimistic in H1, says BSP
By Lawrence Agcaoili | April 9, 2021 - 12:00am
Businesses turned more upbeat for the first half amid hopes of further reopening the economy as well as the rollout of COVID-19 vaccines in the country, the Bangko Sentral ng Pilipinas said yesterday.
Business
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BSP retains cap on credit card interest charges
BSP retains cap on credit card interest charges
By Lawrence Agcaoili | 10 days ago
The Bangko Sentral ng Pilipinas has retained the cap on interest rates on all credit card retail purchases and cash advances...
Business
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BSP partners with CDA for sustainable MSME
By Lawrence Agcaoili | April 7, 2021 - 12:00am
The Bangko Sentral ng Pilipinas has partnered with cooperatives to ensure access to financing by micro, small, and medium enterprises as the country continues to struggle to contain the COVID-19 outbreak.
Business
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Banks to monitor unusual fund movements
Banks to monitor unusual fund movements
12 days ago
The Bangko Sentral ng Pilipinas has ordered banks to closely monitor the unusual movement of funds through digital channels...
Business
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BSP seen keeping rates steady
BSP seen keeping rates steady
By Lawrence Agcaoili | 20 days ago
The Bangko Sentral ng Pilipinas is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in...
Business
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Pressure on profitability of Philippine banks seen lighter this year
By Lawrence Agcaoili | March 29, 2021 - 12:00am
The pressure on the profitability of Philippine banks is expected to be lighter amid the accommodative policy stance of the Bangko Sentral ng Pilipinas to help cushion the impact of the COVID-19 pandemic on the...
Business
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Philippines ramping up efforts to lure more foreign investors
Philippines ramping up efforts to lure more foreign investors
By Lawrence Agcaoili | 22 days ago
The Philippines is ramping up efforts to attract more foreign investors to take advantage of the impending recovery from the...
Business
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Policy rate expected to stay at record low
Policy rate expected to stay at record low
By Lawrence Agcaoili | 29 days ago
The Bangko Sentral ng Pilipinas is expected to keep the benchmark interest rate at an all-time low of two percent this week...
Business
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