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BSP wants more banks to join credit rate database
By Lawrence Agcaoili | 2 days ago
The Bangko Sentral ng Pilipinas wants more banks to participate in the establishment of a credit rate database, particularly...
Business
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Big banks face increasing online competition
By Lawrence Agcaoili | 7 days ago
Big banks in the Philippines need to hold off online rivals as the Bangko Sentral ng Pilipinas is set to issue the guidelines...
Business
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Banks can withstand pandemic impact
By Lawrence Agcaoili | 7 days ago
Philippine banks have sufficient buffers to survive the impact of the COVID-19 pandemic on the economy, according to the Bangko...
Business
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Diokno pushes digital payment system
By Ehda M. Dagooc | October 20, 2020 - 12:00am
The Financial Inclusion Steering Committee chaired by Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno announced to promote digital payment system, as Filipinos are learning to embrace this platform.
Freeman Cebu Business
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Interoperable bills payment mechanism in place by next year
By Lawrence Agcaoili | 8 days ago
The Bangko Sentral ng Pilipinas said it expects an interoperable payment mechanism by the first half of next year as it ramps...
Business
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BSP earnings decline 35% from January to August
By Lawrence Agcaoili | 8 days ago
The earnings of the Bangko Sentral ng Pilipinas dropped by 35 percent to P13.71 billion from January to August compared to...
Business
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Credit card firms back fee cap but flag earnings risk
By Ian Nicolas Cigaral | 14 days ago
“We expect credit card companies to reassess their business strategies and streamline operations to be able to continue...
Business
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National Government to borrow P540 billion for BSP
By Lawrence Agcaoili | October 2, 2020 - 12:00am
The national government is borrowing an additional P540 billion from the Bangko Sentral ng Pilipinas to beef up its war chest to fight the COVID-19 pandemic.
Business
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BSP keeps interest rates steady
By Lawrence Agcaoili | 25 days ago
The Bangko Sentral ng Pilipinas decided to maintain interest rates amid the benign inflation environment, to allow previous...
Business
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After credit cards, SEC wants steep interest on salary loans capped
By Ian Nicolas Cigaral | 25 days ago
While it is common practice for lenders and borrowers to agree on loan terms, SEC said the current set-up has become prone...
Business
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