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Women power


In line with a recent Grant Thornton study, which showed that Filipino women are getting more influential in boardroom, Ayala-led Bank of the Philippine Islands has brought onboard two more women to its board of directors. This makes five out of BPI’s 15 board members women—more than the comparative representation in the boardroom of other big banks in the country.

Posted: April 16th, 2014 in Headlines | Read More »

Growth in OFW remittances slowed to 5.6% in February

Growth in remittances from migrant workers slowed to an 11-month low in February despite the sustained demand for Filipino labor in developed countries, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

Posted: April 16th, 2014 in Headlines | Read More »

Turn in your dirty peso bills to banks, says BSP

Local banks are now required to accept “mutilated” paper notes and coins from the public and replace them, according to new banking rules published this month

Local banks are now required to accept “mutilated” paper notes and coins from the public and replace them, according to new banking rules published this month.

Posted: April 11th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

BSP: Consumers more upbeat in Q1


Filipino consumers turned less pessimistic in the first three months of the year as higher paying jobs became more available while favorable weather across the country resulted in bountiful harvests.

Posted: March 29th, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

New guidelines set for audit firms

The Bangko Sentral ng Pilipinas kept the benchmark overnight borrowing and lending rates at their record lows of 3.5 and 5.5 percent, respectively, on Thursday. INQUIRER.net file photo

The central bank has come out with new guidelines for audit firms when dealing with local banks as part of efforts to maintain the stability of the local financial system.

Posted: March 14th, 2014 in Latest Business Stories | Read More »

BSP rediscount loans down


The central bank’s rediscounting facility has been all but ignored by the country’s banks since the start of the year amid the availability of cheap cash that’s more than enough to fuel the country’s booming economy.

Posted: March 11th, 2014 in Headlines | Read More »

Banks shun BSP’s rediscounting facility


The Philippines’ major banks have completely abandoned the central bank’s rediscounting facility as they sought cheaper funds from other sources in the country’s cash-rich financial sector.

Posted: February 12th, 2014 in Headlines | Read More »

BSP seen keeping rates steady


Interest rates will likely be kept at record lows at the Bangko Sentral ng Pilipinas (BSP) policy meeting early February as officials remain unconcerned over the movement of consumer prices, despite spikes caused by Super Typhoon “Yolanda.”

Posted: January 24th, 2014 in Editor's Pick,Headlines | Read More »

Bank lending standards tightened in Q4 2013


Households found it more difficult to secure loans in the fourth quarter of last year than in the previous quarters, as banks sought to reduce their exposure to risks amid tighter global credit conditions, results of a survey by the Bangko Sentral ng Pilipinas showed.

Posted: January 24th, 2014 in Headlines | Read More »

Palace vows to further improve investment climate in PH

Deputy Presidential Spokesperson Abigail Valte. INQUIRER FILE PHOTO

Malacañang on Saturday said it will continue to work to improve the country’s business environment and attract more foreign investments as the Bangko Sentral ng Pilipinas (BSP) reported increased Foreign Direct Investments (FDI) in 2013.

Posted: January 11th, 2014 in Latest Business Stories | Read More »

Spreads on PH debt paper up


Spreads on debt paper issued from the Philippines widened in the third quarter of 2013 as uncertainties in the global financial markets dampened investor appetite for emerging market assets.

Posted: January 3rd, 2014 in Latest Business Stories | Read More »

BSP: 2013 inflation may fall within target


Inflation in December may have registered its fastest rate in two years because of higher power and food prices, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: December 26th, 2013 in Editor's Pick,Headlines | Read More »



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