MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) kept interest rates at record lows as expected yesterday as the economy’s recovery continues to gain traction amid improved mobility due to the calibrated relaxation of quarantine measures. BSP Governor Benjamin Diokno said the policy-setting Monetary Board, holding its first in-person meeting since the virus outbreak […]
Read MoreMANILA: The Philippines has approved a plan to allow entry soon to foreign tourists vaccinated against Covid-19, its tourism ministry said on Friday, following moves by other Southeast Asian countries to relax travel curbs. The coronavirus task force “approved in principle the entry of fully vaccinated tourists” from countries with low Covid-19 cases, the ministry […]
Read MoreMANILA, Philippines — An agriculture group has urged the government to temporary ban all poultry imports, saying the resurgence of bird flu in Europe and Asia may endanger the local poultry industry anew. In a statement, the Samahang Industriya sa Agrikultura (SINAG) said the Department of Agriculture should put a halt on all chicken imports […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to maintain its accommodative monetary policy stance until early 2023 as inflation pickup is proving to be transitory. In its latest research brief, Oxford Economics agreed with the BSP that the current inflationary pressures are for the most part transitory, reflecting supply-side pressures. This […]
Read MoreMANILA, Philippines — The country’s largest business group is pushing for the full opening of the economy as part of 10-point resolutions to be submitted to the government to fast-track recovery from the impact of the pandemic. The Philippine Chamber of Commerce and Industry (PCCI) said it would present to President Duterte its proposals, which […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has issued the revised governance standards for banks and non-banks, particularly on the election of directors and independent directors. BSP Governor Benjamin Diokno said the Monetary Board has issued Resolution 1484 approving the amendments to the relevant provisions of the Manual of Regulations for Banks (MORB) […]
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