phil02
Read More

More Filipinos opting to save amid pandemic

MANILA, Philippines — The country’s banking industry recorded a double-digit growth in deposits in the first semester as more Filipino households substantially raised their savings amid the coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP). According to the BSP, bank deposits expanded by 12.4 percent to P11.2 trillion from January to June compared […]

Read More
phil01
Read More

Philippines: BOC conducts post audit on rice imports

MANILA, Philippines — The Bureau of Customs (BOC) is conducting post-modification and post-audit measures to ensure that rice shipments that entered the country are properly assessed and levied with the correct taxes and duties. In a report to Finance Secretary Carlos Dominguez, Customs Commissioner Rey Leonardo Guerrero said traders were allowed to avail of the […]

Read More
phil02
Read More

Philippines: BSP to keep accommodative stance

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep the country’s accommodative monetary policy stance over the next two years to help the economy fully recover from the impact of the COVID-19 pandemic. In an interview with ANC’s Market Edge, BSP Governor Benjamin Diokno said monetary authorities are likely to maintain the current […]

Read More
phil02
Read More

Philippines: BSP releases P1.4 trillion to boost economy

MANILA, Philippines — Additional liquidity injected into the financial system from various measures aimed at softening the economic impact of the coronavirus pandemic has reached P1.4 trillion, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno told participants of a webinar organized by Standard Chartered Bank that the amount released into the financial […]

Read More