Monetary Board approves $2.87B in foreign loans for public sector in Q1 2024
Monetary Board approves $2.87B in foreign loans for public sector in Q1 2024.....»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Finally, a complete 7-member Monetary Board
Last Friday, Jan. 26, marked a turning point for Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, with him finally comfortably hosting this year’s annual reception for the banking community outdoors at the BSP compound’s historic Fort San Antonio Abad on a cool early evening, with a relaxed business casual suit but no tie dress code, and finally with a complete seven-member Monetary Board......»»
Recto joins BSP’s Monetary Board
Newly appointed Finance Secretary Ralph Recto has formally assumed the role of the government’s representative to the seven-member Monetary Board, the highest policy-making body of the Bangko Sentral ng Pilipinas......»»
Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board
'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»
Monetary Board awaits Palace word on government representative
The Bangko Sentral ng Pilipinas is awaiting word from Malacañang as to who will be the government representative in the seven-member Monetary Board......»»
Diokno as Monetary Board member: I’m now cooling down
Former finance secretary Benjamin Diokno says he is now on a cooling down mode as he was sworn in as the last member of the Monetary Board......»»
Japan’s government approves new foreign trainee program
Japan’s government approves new foreign trainee program.....»»
Medical School Loans: A Comprehensive Guide
Embarking on a journey through medical school is a significant undertaking, and for many aspiring physicians, navigating the financial aspects can be a daunting task. Securing appropriate funding through medical school loans is a crucial step in this process. This comprehensive guide aims to provide valuable insights into how to find the best medical school […] The post Medical School Loans: A Comprehensive Guide appeared first on Kagay An......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Women shaping Philippine monetary policy
Women have made significant strides as leaders in the Philippine financial services industry even as challenges continue to persist. At the helm are two distinguished female members of the Monetary Board (MB) – the policy-setting body of the Bangko Sentral ng Pilipinas (BSP) –both of whom are breaking the bias for women in finance......»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»
Eased forex rules to take effect this year
The Bangko Sentral ng Pilipinas is expected to release its final circular on eased foreign exchange rules this year to attract more foreign investments into the country, a Monetary Board member said yesterday......»»
PRSP 2024-2025 Board of Trustees takes oath of office in Malacanang
Officers and members of the Board of Trustees of the Public Relations Society of the Philippines (PRSP), 2024-2025, were formally sworn into office in an official oath-taking ceremony held recently in Malacanang Palace. The new PRSP board members took their oath of office before Hon. Cheloy Velicaria-Garafil, Secretary of the Presidential Communications Office (PCO). This […].....»»
German foreign minister grateful for Philippine health workers
Germany is grateful to Filipinos, especially in the health sector, for their important work in strengthening Germany’s health sector, Foreign Minister Annalena Baerbock said......»»
2 board members to Daluz-led board: We’re still here
2 board members to Daluz-led board: We’re still here.....»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
T-bill rates up across the board
Rates for the government short-term securities rose across the board in reference to the secondary market after the US Federal Reserve ruled out monetary policy easing anytime soon......»»
Arthaland board approves P3-B preferred shares sale
The Arthaland board of directors approved a follow-on offering of up to P3 billion worth of preferred shares at P500/share......»»
San Miguel board approves P20-B bond issuance
San Miguel disclosed that its board of directors has approved a P20 billion issuance of fixed-rate Peso-denominated bonds......»»