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Finance: More foreign banks searching for Philippine partners, says BSP exec

MORE FOREIGN banks have expressed their interest to invest in local banks, a signal of continuous offshore confidence in the local financial system, a central bank official said......»»

Category: financeSource:  bworldonlineRelated NewsJan 17th, 2017

Finance: BSP's term deposit auction oversubscribed anew

BANKS and trust firms swarmed the central bank's term deposit facility (TDF) yesterday, with both tenors oversubscribed once more as demand for cash normalizes after the holiday season......»»

Category: financeSource:  bworldonlineRelated NewsJan 4th, 2017

Finance: BSP pushes back full adoption of Basel leverage ratio to 2018

THE CENTRAL BANK has pushed back the full adoption of the 5% leverage ratio to 2018, mirroring the decision of international regulators to delay the implementation of the new standard to be imposed on banks......»»

Category: financeSource:  bworldonlineRelated NewsJan 2nd, 2017

Finance: About 90% of PHL banks EMV-compliant: BSP

ALMOST ALL local banks have already complied with the central bank's requirement to migrate cards to micro-chip technology, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday, with non-compliant entities to face an additional burden if they fail to mee.....»»

Category: financeSource:  bworldonlineRelated NewsDec 27th, 2016

Finance: BSP offers banks, quasi-banks merger incentives

THE CENTRAL BANK has laid out a set of incentives to reinforce its call for banks and quasi-banks to consolidate, which is seen to fortify the firms' financial footing at a time of heightened uncertainty across financial markets......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2016

Finance: Term deposits attract strong demand

THE CENTRAL BANK'S term deposit facility (TDF) remained slightly oversubscribed yesterday as banks and trust firms remained awash with cash, although yields sustained an uptrend to hover around 3%......»»

Category: financeSource:  bworldonlineRelated NewsDec 14th, 2016

Finance: Yields on BSP's term deposits increase

BANKS and trust firms swarmed the central bank's term deposit facility (TDF) yesterday, with bids going beyond the auction volume after a drop in total demand seen the previous week and as rates hovered at the 3% level......»»

Category: financeSource:  bworldonlineRelated NewsDec 7th, 2016

SMEs urged to embrace digital technologies

MANILA, Philippines – Small and medium enterprises (SMEs) wanting to stay competitive should adopt tools in the emerging digital economy, multinational busin.....»»

Category: financeSource:  philstarRelated NewsDec 4th, 2016

Greece needs debt relief, eurozone central banker says

ATHENS — A top European finance official on yesterday urged Greece's bailout lenders to grant the country relief on its massive debts if Athens agrees to imp.....»»

Category: newsSource:  philstarRelated NewsNov 28th, 2016

Finance: Hike in TDF volume seen to preempt Fed 'lift-off'

HIGHER INTEREST rates under the weekly term deposit facility (TDF) allow local banks to gear up ahead of another rate hike planned in the United States, a senior central bank official said, noting that the upticks were "pre-emptive" of a looming "lift-off.....»»

Category: financeSource:  bworldonlineRelated NewsNov 20th, 2016

Cebu urged to ban selling of shark meat

The Bureau of Fisheries and Aquatic Resources (BFAR) 7 has urged local government units in Cebu and the rest of Central Visayas to pass ordinances that will ban the use of shark meat in restaurant and eateries......»»

Category: newsSource:  tempoRelated NewsNov 16th, 2016

Finance: Banks' real estate exposure rises as credit demand remains strong

BANKS LENT OUT more funds to the volatile real estate sector by a fifth during the third quarter, marked by increases for both consumers and property developers, preliminary central bank data showed......»»

Category: financeSource:  bworldonlineRelated NewsNov 15th, 2016

Central bank tightens rules on deposit dormancy

THE BANGKO SENTRAL ng Pilipinas (BSP) has capped the monthly deposit dormancy fee imposed by banks and other financial entities and issued stricter requirements before they can penalize owners of idle accounts, as part of efforts to boost consumer protect.....»»

Category: newsSource:  bworldonlineRelated NewsOct 26th, 2016

Finance: Yields on term deposits climb as offers still oversubscribed

THE CENTRAL BANK'S auction of term deposits saw a sustained rise in yields for both the week-long and month-long tenors yesterday, although the planned cut in banks' reserve requirements is unlikely anytime soon as excess liquidity persists in the financi.....»»

Category: financeSource:  bworldonlineRelated NewsOct 26th, 2016

Banks urged to buy more govt bonds to help farm sector

Banks urged to buy more govt bonds to help farm sector.....»»

Category: newsSource:  manilatimes_netRelated NewsOct 24th, 2016

Central bank readies more liquidity safeguards

THE CENTRAL BANK is working to roll out fresh guidelines on liquidity this year in order to raise safeguards of Philippine banks against potential risks particularly at a time of heightened market volatility......»»

Category: newsSource:  bworldonlineRelated NewsOct 7th, 2016

28-day term deposits fetch higher yield

MANILA, Philippines – Banks and trust entities continued to swarm the central bank’s term deposit facility, resulting in the sustained rise in the yield of t.....»»

Category: financeSource:  philstarRelated NewsOct 5th, 2016

Asian shares slip, U.S. presidential debate awaited

Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors' attention turned from central banks to American politics ahead of the first U.S. presidential debate......»»

Category: newsSource: NewsSep 25th, 2016

Task force on payments fraud formed

NEW YORK -- A committee of the world’s major central banks said on Friday last week that it has launched a task force to examine cyber security in cross-border banking and to ensure interbank payments are protected, confirming an earlier Reuters re.....»»

Category: newsSource:  bworldonlineRelated NewsSep 18th, 2016

Economy: Falling oil, derisking to blame for soft remittances

OIL'S FALL below its $52-per-barrel peak coupled with foreign banks' "derisking" their money transfer businesses likely led to weaker remittances in July, a central bank official said......»»

Category: financeSource:  bworldonlineRelated NewsSep 18th, 2016