BSP hints of interest rate hike in November
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, will likely raise the policy interest rate by 25 basis points in its November meeting, Governor Eli Remolona said Wednesday.
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BSP machines collect P114m worth of coins
The Bangko Sentral ng Pilipinas said Tuesday the coin deposit machines (CoDM) installed at selected shopping malls in the country were able to convert millions of idle coins into e-wallet credits and shopping vouchers since it was launched in June this year.
BIR seizes P604-m toiletries in raids
THE Bureau of Internal Revenue (BIR) on Monday said it seized more than 390,000 bottles of perfume and toilet water products estimated at P604.3 million during recent raids conducted on 400 establishments.
Remittances grew 2.7% to $2.8b in August
Money sent home by Filipinos working overseas increased 2.7 percent in August 2023 to $2.80 billion from $2.72 billion a year ago.
Remittances rose 2.7% in August
Money sent home by Filipinos working overseas rose 2.7 percent in August 2023 to $2.80 billion from $2.72 billion a year ago.
Israel-Hamas war to hurt PH economy
The interagency Development Budget Coordinating Committee may lower its growth projections this year, taking into account the Israel-Hamas conflict that may affect world oil prices, an economist said over the weekend.
DBP grants P375-m loan to Puerto Princesa water district
State-run Development Bank of the Philippines (DBP) said Friday it granted a P375-million loan to the Puerto Princesa City Water District (PPCWD) to support initiatives aimed at upgrading the delivery of water services and addressing the needs of the rapidly growing population in the city.
Data breach will not hamper delivery of national IDs — PSA
The Philippine Statistics Authority (PSA) on Thursday gave assurances that the reported data breach will not hamper the agency’s delivery of the national IDs next year.
Remolona: Big banks remain stable amid risks
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said Wednesday the domestic banking industry remains sound and stable despite some risks that needed to be closely monitored.