The Philippine banking sector’s outlook is improving, as lenders’ financial performance and the economy are expected to improve this year, according to Fitch Ratings. “For the Philippines, we have an improving banking sector outlook as we expect financial performance to recover somewhat this year, in tandem with a pickup in economic activity that we expect,” Tania Gold, […]
Read MoreInvestment pledges approved by the Board of Investments (BOI) reached P655.4 billion last year, 35 percent short of its P905 billion year-end target. In a statement on Tuesday, the BOI said the approved investment pledges during the period was also a huge decline from the P1.02 trillion recorded in 2020. The BOI said this was due to […]
Read MoreTHE wider adoption of digital payments in the country will have a favorable impact on inflationary trends in the future, according to the Bangko Sentral ng Pilipinas (BSP). “Digitalization is one of the huge changes that will have an effect in lowering the inflation in the long run,” BSP Governor Benjamin Diokno was quoted as saying in […]
Read MoreING Bank’s local unit raised its Philippine gross domestic product (GDP) growth estimate for 2021, but warned that economic expansion this year is likely to fall short of the government’s target. According to Nicholas Antonio Mapa, ING Bank Manila senior economist, the Philippine economy likely grew by 5.4 percent last year, aided by a 6.7-percent increase […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is firming up a set of incentives for Philippine banks that mainstream sustainable finance and mobilize capital to address urgent global challenges. BSP Governor Benjamin Diokno said during the Asian Financial Forum 2022 that regulatory incentives could be extended to banks that embrace sustainability principles. He […]
Read MoreMANILA, Philippines — The government yesterday borrowed another P15 billion from the domestic market through the sale of Treasury bills. The T-bill auction fetched P77.675 billion in total tenders, oversubscribing the offer by more than five times. National Treasurer Rosalia de Leon said rates across all tenors plunged, reflecting the inflation downtrend for four consecutive […]
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