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MANILA, Philippines — The central bank will likely keep its key interest rate unchanged when its Monetary Board convenes on Thursday with the regulator finding itself lodged between the opposing demands of fighting rising inflation and restarting the…
MANILA, Philippines — Confidence returned to Filipino consumers when polled about their expectations for the first quarter of 2021, after expressing negative sentiment about for the current quarter in the latest survey conducted by the central bank.…
MANILA, Philippines — The Philippines’ estimated 10 million citizens abroad once more stepped in to buoy the local economy in the middle of a crisis, driving a late third quarter surge in dollar remittance that helped ward…
MANILA, Philippines — The central bank on Saturday urged the public to “properly handle and circulate” the new P20 New Generation Currency coins that were released to the public in December 2019. The Bangko Sentral ng Pilipinas…
MANILA, Philippines — Senators Sonny Angara and Francis Pangilinan want the collection of online transaction fees suspended amid the coronavirus disease (COVID-19) pandemic. In separate statements, Angara and Pangilinan called for the extension of the waiver on…
Another loan worth $300 million has been extended by the Asian Development Bank (ADB) to the Philippines, its host-country, this time to make financial services more accessible to Filipinos. In a statement on Friday, the ADB said…
MANILA, Philippines — The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small, and medium enterprises as well as large firms in rural communities affected…
The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing now, the head of the central bank…
MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly remittances — a key pillar of the…
The Philippines can end up a major winner in the postpandemic environment if public and private sector policymakers can undertake a unified effort to attract firms that are moving production facilities out of China as a result…
The Bangko Sentral ng Pilipinas (BSP) on Thursday reminded lending institutions that they are prohibited from charging interest on interest, fees and charges—such as late payment fees—on all loan payments falling due within the ongoing quarantine period.…
No country in the world, both rich and poor, is immune from the onslaught that comes with the recent coronavirus outbreak that began in Wuhan, China, in December 2019. Known as SARS-Cov-2, the virus has already…
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