Bsp Phl Gir Increases Slightly Supports Favorable Credit Ratings

Inflation up slightly, but still within target

The rate of increase in the average prices of consumer goods and services typically purchased by Filipinos rose slightly to 3.8 percent in April from 3.7 percent in March, driven by faster increases in food and transport costs, according to the Philippine Statistics Authority......»»

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philstarRelated NewsMay 8th, 2024

BSP onboards 1st nonbank electronic money issuer

The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»

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sunstarRelated NewsJan 15th, 2024

Fitch keeps credit rating of 5 Philippine banks

Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»

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philstarRelated NewsApr 6th, 2024

Andrea del Rosario ayaw maging sexy star noon, pero walang pinagsisisihan

NAG-OPEN UP ang batikang aktres na si Andrea del Rosario patungkol sa kanyang image noon sa showbiz industry. Sa kanyang panayawam with King of Talk na si Boy Abunda, inamin ni Andrea na hindi talaga niya gustong maging sexy star noon. Kung maaalala, sumikat ang sexy actress noong 2000s bilang miyembro ng gir group na.....»»

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inquirerRelated NewsJan 26th, 2024

Should You Bite on Digital Credit Line Offerings?

Digital credit lines have become a prevalent offering for digital platforms like digital banks and online shopping apps. These readily available lines of credit, often so accessible, can be tempting, especially for unexpected expenses. But before you hit “apply,” it’s crucial to weigh the pros and cons to determine if a digital credit line aligns […].....»»

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metrocebuRelated NewsApr 22nd, 2024

Moira Dela Torre highlights value of giving credit following viral copyright issue

Moira Dela Torre weighed in on the viral copyright issue and said that it is important to give credit where credit is due. .....»»

Category: entertainmentSource:

philstarRelated NewsMar 27th, 2024

BSP to review 3 percent rate cap on credit card transactions

The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»

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philstarRelated NewsMar 3rd, 2024

Eat Bulaga ng TVJ pinadapa ng It’s Showtime sa unang pag-ere sa GMA

KINABOG nang bonggang-bongga ng “It’s Showtime” sa ratings game ang “Eat Bulaga” sa naging bakbakan nila nitong nagdaang Sabado, April 6. Waging-wagi ang unang pag-ere ng noontime show ng ABS-CBN sa GMA 7 matapos itong makapagtala ng 9.6% Agrregated Ratings mula sa AGB Neilsen NUTAM (GMA-7, GTV, A2Z, at Kapamilya Channel). Ang “Eat Bulaga” naman.....»»

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inquirerRelated NewsApr 8th, 2024