MANILA, Philippines — Losses based on complaints filed with the Bangko Sentral ng Pilipinas (BSP) amounted to P2 billion between 2019 and 2021, underscoring the need for a new law that protects financial consumers. BSP Governor Benjamin Diokno told members of the Senate committee on banks, financial institutions and currencies that the declared amounts in […]
Read MoreTHE Bangko Sentral ng Pilipinas (BSP) said it is looking at the possibility of extending regulatory incentives to banks that will embrace sustainability principles. In a statement on Monday, the BSP said the move aims to mainstream sustainable finance and mobilize capital to address urgent global challenges. “We are now looking at the potential use […]
Read MoreMANILA, Philippines — The economy likely accelerated by 7.4 percent in the fourth quarter of 2021 from 7.1 percent in the third quarter, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. “The Philippine economy appears to have turned the corner and appears set for a faster growth,” Diokno said during the 25th general […]
Read MoreMANILA, Philippines — The country’s sugar production continued to grow, albeit at a slower pace, rising by 4.63 percent. According to the Sugar Regulatory Administration (SRA), raw sugar production reached 657,352 metric tons (MT) as of Jan. 2, higher than the 628,286 MT in the same period last year. The growth, however, is slower than […]
Read MoreMANILA, Philippines — The Southeast Asian region is expected to continue its recovery this year, with the Philippines seen registering the strongest growth, but new COVID-19 variants remain a threat in the region’s rebound. In its weekly economic preview, market intelligence firm IHS Markit said strong economic expansion is expected in most of the Southeast […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees credit growth accelerating further, sustaining the uptick for four straight months as the economy continues to reopen. BSP Governor Benjamin Diokno said bank lending appears to have bottomed out when it contracted for eight straight months between December 2020 and July 2021. “We are slowly […]
Read More
Thailand
