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BSP execs still highest paid in government – COA

Executives of the Bangko Sentral ng Pilipinas (BSP) have again dominated the Commission on Audit (COA)’s list of highest paid government officials......»»

Category: newsSource:  philstarRelated News4 hr. 22 min. ago

Fitch unit: Bangko Sentral to ease monetary policy further

The Bangko Sentral ng Pilipinas will likely cut its policy rate by the end of the year following a similar move this month, which came “sooner than expected,” a Fitch unit said.....»»

Category: financeSource:  philstarRelated News9 hr. 35 min. ago

Banks almost halved over 20-year period — BSP

The country’s banking industry continued to undergo major consolidation as the number of banks fell by almost half to 571 from 996 over a 20-year period, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated News21 hr. 48 min. ago

BOP posts surplus for 6th straight month in April

Strong foreign exchange inflows continued to strengthen the country’s balance of payments (BOP) position, recording a surplus for six straight months with $467 million in April, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2019

BoP marks 6th month of surplus in April

THE COUNTRY’s balance of payments (BoP) -- a summary of the Philippines’ economic transactions with the rest of the world for a given period -- registered a surplus for the sixth month in a row in April due to inflows from the central bank’s foreign exchange operations and income from its investments abroad that were partially offset by state foreign debt payments, the Bangko Sentral ng Pilipinas (BSP) reported on Monday......»»

Category: financeSource:  bworldonlineRelated NewsMay 20th, 2019

Bangko Sentral ng Pilipinas shutters Iloilo-based rural bank

The Bangko Sentral ng Pilipinas (BSP) closed down another problematic rural bank, bringing to four the number of banks shuttered by the central bank......»»

Category: financeSource:  philstarRelated NewsMay 20th, 2019

BSP simplifies registration for pawnshop, fx dealers, remittance firms

The Bangko Sentral ng Pilipinas (BSP) has further simplified the registration process for pawnshops’ money service businesses and remittance firms, bringing down the number of required documents......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2019

BSP shutters Iloilo-based rural bank

The Bangko Sentral ng Pilipinas (BSP) closed down another problematic rural bank, bringing to four the number of banks shuttered by the central bank......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2019

As economy slows, another rate cut looms — DBS

The Bangko Sentral ng Pilipinas (BSP) appears inclined to trim interest rates by 50 basis points this year as it unwinds its monetary tightening......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2019

Further cuts in RRR expected

The decision of the Bangko Sentral ng Pilipinas (BSP) to cut banks’ reserve requirement ratio (RRR) may provide the much needed boost to the economy which showed signs of slowing down in the first quarter, according to private economists and bankers......»»

Category: financeSource:  philstarRelated NewsMay 17th, 2019

Stocks recover as traders cheer cut in bank reserves

The stock market recovered yesterday as investors cheered the move of the Bangko Sentral ng Pilipinas (BSP) to cut banks’ reserve requirement ratio......»»

Category: financeSource:  philstarRelated NewsMay 17th, 2019

Central bank chief signals more reserve ratio cuts

THE BANGKO SENTRAL ng Pilipinas (BSP) will consider reducing the reserve requirement ratio (RRR) for lenders further if banks don’t misbehave and speculate against the peso, Governor Benjamin E. Diokno said......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2019

Bangko Sentral cuts RRR by 200 bps

THE central bank has resumed reducing banks’ reserve requirement ratio (RRR) on Thursday, with monetary authorities ordering a 200-basis-points (bps) cut on the 18-percent liquidity-mopping tool. “The Monetary Board decided…READ The post Bangko Sentral cuts RRR by 200 bps appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 17th, 2019

BSP cuts big banks’ reserve requirement

FRESH from slashing benchmark interest rates just a week ago by 25 basis points in the face of easing inflation and slowing economic growth, the Bangko Sentral ng Pilipinas (BSP) on Thursday fired off a 200-basis-point (bp) phased reduction in big banks’ reserve requirement ratio (RRR)......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2019

BSP cuts bank reserve ratio to 16%

The Bangko Sentral ng Pilipinas (BSP) has brought down the level of deposits banks are required to keep with the central bank by 200 basis points (two percentage points) over a three-month period, releasing about P190 billion in additional funds to boost the slowing economy......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2019

Seven-year T-bonds fetch lower rates

Reissued seven-year Treasury bonds fetched lower rates on Wednesday following the interest rate cut implemented by the Bangko Sentral ng Pilipinas (BSP) last week, the Bureau of the Treasury (BTr) said......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2019

OFW remittances hit 3-month high in March - The Manila Times Online

MONEY sent home by overseas Filipino workers (OFWs) rose to three-month high in March, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. Personal remittances comprising OFWs net compensati.....»»

Category: newsSource:  manilanewsRelated NewsMay 16th, 2019

Remittances hit 3-month high in March

Remittances picked up in March, hitting the highest level in three months due to steady inflows from Filipinos living and working abroad, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2019

Bank reserves cut next in line, economists say

Economists expect the Bangko Sentral ng Pilipinas (BSP) to follow suit with a reduction in banks’ reserve requirement ratio (RRR) this week to free up more funds to boost the country’s slowing economy......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2019

T-bill yields fall after BSP rate cut

Short-term securities fetched lower rates across-the-board yesterday following the Bangko Sentral ng Pilipinas’ move to cut interest rates last week, the Bureau of the Treasury (BTr) said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2019