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BSP renews ASEAN swap agreement

THE BANGKO Sentral ng Pilipinas (BSP), together with its regional counterparts, signed the sixth supplemental memorandum of agreement to renew the Assiociation of Southeast...

BSP minutes: economy not overheating

THE ECONOMY is far from overheating with rising credit growth accompanied by increased domestic activity, the Bangko Sentral ng Pilipinas (BSP) said in the...

BSP wants single-digit reserve requirement ratio

THERE IS SIZEABLE ROOM to trim big banks’ reserve requirement to as low as single-digit levels from 20% currently, the central bank chief said,...

TDF yields steady despite offer’s undersubscription

By Melissa Luz T. Lopez, Senior Reporter YIELDS on term deposits stood steady yesterday, with the sideways move driven by tempered demand for the instruments. The 28-day...

Philippines faces ‘encouraging’ conditions — BSP

A PICKUP in global economic expansion should be “encouraging” for emerging markets like the Philippines, the central bank chief said in a recent speech,...

BSP sets rules on closer real estate watch

THE BANGKO SENTRAL ng Pilipinas (BSP) is tightening its watch on real estate loans from rural banks as part of a lookout for bubbles...

Banks seen staying strong despite competition

PHILIPPINE BANKS are seen to remain resilient despite increased competition from new foreign players entering the country as the homegrown lenders enjoy the “healthiest”...

Strong demand for term deposits to continue as BSP lowers volume

By Melissa Luz T. Lopez, Senior Reporter BANKS are expected to continue vying for term deposits offered by the Bangko Sentral ng Pilipinas (BSP), a senior...

TDF offers oversubscribed as demand recovers

By Melissa Luz T. Lopez, Senior Reporter BANKS swarmed the central bank’s term deposit offerings yesterday, with the overwhelming demand driving yields down from the previous...

Gov’t eyes to roll out repurchase market for banks next month...

THE GOVERNMENT is looking to roll out a repurchase market for banks next month, the country’s central bank chief said, forming part of an...