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Bangko Sentral remits P20 billion in dividends for coronavirus efforts

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) remitted P20 billion as advance dividends to the national government to aid the fight against the coronavirus pandemic . The central bank did so on Thursday, March 26, despite its new charter no longer mandating it ........»»

Category: newsSource: rappler rapplerMar 26th, 2020

BSP advances P20B in dividends

The Bangko Sentral ng Pilipinas said Thursday it remitted P20 billion worth of advanced dividends to the national government to support the state in its fight against coronavirus disease 2019......»»

Category: financeSource:  thestandardRelated NewsMar 26th, 2020

BSP remits P21.5 billion worth of dividends

The Bangko Sentral ng Pilipinas has remitted P21.48 billion worth of dividends to the government in 2018, the largest it declared since its establishment in 1993 when it replaced the old central bank......»»

Category: financeSource:  thestandardRelated NewsMar 2nd, 2020

DOTr remits P10 billion dividends in advance

The Department of Transportation has advanced the remittance of P10 billion in dividends to the country’s coffers to support government spending in the fight against the coronavirus disease or COVID-19......»»

Category: financeSource:  philstarRelated News9 hr. 26 min. ago

PhilHealth kicks in P1.6B for efforts to stop COVID

An initial P1.6 billion from its P30-billion financial assistance fund will be released by the Philippine Health Insurance Corporation to various health-care institutions to help them fight the coronavirus pandemic......»»

Category: newsSource:  thestandardRelated NewsMar 27th, 2020

Virus death toll passes 20,000, 3 billion under lockdown

MADRID, Spain – More than 3 billion people around the world were living under lockdown on Wednesday, March 25, as governments stepped up their efforts against the coronavirus pandemic which has left more than 20,000 people dead. As the number of confirmed cases worldwide soared past 450,000, UN Secretary General ........»»

Category: newsSource:  rapplerRelated NewsMar 26th, 2020

Banks told to sanitize bank notes to kill virus

he Bangko Sentral ng Pilipinas has instructed banks to sanitize banknotes to protect cash handlers and prevent the further spread of the coronavirus disease 2019 or COVID-19 in the country......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2020

BSP slashes banks’ RRR by 200 bps

The Bangko Sentral ng Pilipinas (BSP) on Tuesday trimmed banks’ reserve requirement ratio (RRR) by 200 basis points (bps) to calm financial markets and bolster liquidity while Luzon is under a 30-day “enhanced community quarantine” to contain the spread of the coronavirus disease 2019 (Covid-19) in the country. In a text messag, BSP Governor Benjamin […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 24th, 2020

BSP trims banks& rsquo; reserve requirement by 200 points

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, said Tuesday it reduced the reserve requirement ratio of universal and commercial banks by 200 basis points to 12 percent from 14 percent to unleash more liquidity in the market amid the onslaught of coronavirus disease 2019......»»

Category: financeSource:  thestandardRelated NewsMar 24th, 2020

In global fight vs. virus, over 1.5 billion told : Stay home

NEW YORK:  With masks, ventilators and political goodwill in desperately short supply, more than one-fifth of the world’s population was ordered or urged to stay in their homes Monday (Tuesday in Manila) at the start of what could be a pivotal week in the battle to contain the coronavirus in the US and Europe. Partisan divisions stalled efforts […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 24th, 2020

PAGCOR gives govt P12 billion for virus response

The Philippine Amusement and Gaming Corp. (PAGCOR) on Monday formally released P12 billion cash dividends to the National Treasury to help cushion the economic impact of the novel coronavirus 2019 (COVID-19) in the country......»»

Category: newsSource:  thestandardRelated NewsMar 24th, 2020

BSP announces P300 billion stimulus to fight virus

The Bangko Sentral ng Pilipinas is injecting P300 billion into the economy by purchasing debt papers from the Bureau of the Treasury (BTr) to help cushion the impact of the pandemic on the economy, BSP Governor Benjamin Diokno announced yesterday......»»

Category: financeSource:  philstarRelated NewsMar 24th, 2020

Bankers welcome relief measures extended by BSP

Bankers welcomed the regulatory relief extended by the Bangko Sentral ng Pilipinas to the banking community, saying the measures would go a long way in helping stakeholders survive the impact of the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: newsSource:  philstarRelated NewsMar 24th, 2020

Bangko Sentral obtains nod to buy P300b worth of gov& rsquo;t securities

The Monetary Board said Monday it authorized the Bangko Sentral ng Pilipinas to purchase P300 billion worth of government securities from the Bureau of Treasury under a repurchase agreement with a maximum repayment period of six months to support the Filipino people during the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsMar 23rd, 2020

BSP waives spread of rediscounting facilities

The Bangko Sentral ng Pilipinas has waived the spread of its rediscounting lines to allow banks to tap the facility to meet their temporary liquidity needs amid the coronavirus disease 2019 or COVID-19 outbreak......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2020

External debt up 6% to $83.6 billion

The country’s external debt increased by nearly six percent to $83.62 billion in 2019 from $78.96 billion in 2018 as the national government borrowed more from foreign lenders to finance infrastructure development and social services, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2020

Foreign debt reached $83.6 billion as of end-2019

The country’s foreign debt climbed to $83.6 billion in the fourth quarter of 2019 from $82.7 billion in the third quarter, data from the Bangko Sentral ng Pilipinas show......»»

Category: financeSource:  thestandardRelated NewsMar 22nd, 2020

Bangko Sentral sees & lsquo;U& rsquo; shaped recovery in 2021

The Bangko Sentral ng Pilipinas expects the economy to recover next year after a tumultuous 2020 that is being affected by the onslaught of the coronavirus disease 2019......»»

Category: financeSource:  thestandardRelated NewsMar 22nd, 2020

BSP hikes borrower’s limit to fuel more bank lending

The Bangko Sentral ng Pilipinas has increased the single borrower’s limit to 30 percent from the current 25 percent to allow banks to lend more to borrowers affected by measures imposed to prevent the rapid spread of coronavirus disease 2019......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2020

BSP: Feb ‘hot money’ inflows reached $40M

FOREIGN portfolio investments returned to the positive territory in February, posting net inflows for the first time in four months, data from the Bangko Sentral ng Pilipinas (BSP) showed on Friday. This comes as an analyst predicts that such flows would be reversed on account of the coronavirus disease 2019 (Covid-19) pandemic, which is alarming […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 20th, 2020

Hot money posted net inflow of $40m in February & mdash; BSP

Foreign portfolio investments or “hot money” posted a net inflow of $40 million in February, compared to the $340-million net inflow a year ago, as investors became wary of the global economic impact of the coronavirus disease 2019, the Bangko Sentral ng Pilipinas said Friday......»»

Category: financeSource:  thestandardRelated NewsMar 20th, 2020