The Central bank has revised its external payments forecasts for the year to show a sharp reduction in investments expected to enter the country, reflecting tumultuous financial market conditions that would keep foreign money stuck in safer havens.
By Doris C. Dumlao
The spike in last month’s inflation may force Bangko Sentral ng Pilipinas (BSP) to tighten its monetary policy further.
By Ben O. de Vera
The country’s foreign exchange reserves slightly rose to $79.957 billion at end-May, preliminary Bangko Sentral ng Pilipinas (BSP) data released on Friday showed.
An increase in lending activities slightly improved the gross non-performing loans (NPLs) ratio of the country’s cooperative, rural and thrift banks at end-2013, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
By the staff
In any industry, the word of the government regulator is the law. And when the law is laid down, industry players usually fall over themselves in a rush to comply with the new mandate.