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Philippines: BSP seen keeping rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics. In its latest commentary, Fitch Solutions Country Risk & Industry Research said the central bank’s Monetary Board is likely to keep its […]

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Philippine capital back in lockdown as virus cases surge

The Philippines placed the Manila region and nearby provinces under lockdown for a week from Monday to stem the nation’s worst coronavirus surge that’s overwhelming hospitals in its key economic area. The national capital region and the adjacent Bulacan, Cavite, Laguna and Rizal provinces will be under an enhanced community quarantine or ECQ, the nation’s […]

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Philippines ramping up efforts to lure more foreign investors

MANILA, Philippines — The Philippines is ramping up efforts to attract more foreign investors to take advantage of the impending recovery from the pandemic-induced recession, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno told participants of the virtual 2nd Philippines-Singapore Business and Investment Summit on Friday the impact of COVID-19 pandemic on […]

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