Page 100 - Bsp News Today

Send Christmas cash gifts digitally, says BSP

The country’s balance of payments deficit ballooned to $7.87 billion from January to November – a sharp reversal of the meager $353 million surplus recorded in the same period last year, according to the Bangko Sentral ng Pilipinas.

Bahujan Samaj Party leader Vishwanath Pal became the new chief of the party in Uttar Pradesh replacing Bhim Rajbhar, party supremo Mayawati announced on Tuesday.

With inflation remaining elevated until the first half of next year, the Bangko Sentral ng Pilipinas expects the tightening cycle to extend beyond the first quarter.

The Bangko Sentral ng Pilipinas continues to advocate for the passage of the century-old Warehouse Receipts Law to provide much-needed loans for Filipino farmers and agriculture-based micro, small, and medium enterprises.

Inflation may remain elevated next year, staying well above the two to four percent target set by the Bangko Sentral ng Pilipinas according to New York-based think tank Global Source Partners Inc.

It was a pre-Christmas lunch with a savvy businessman and I was expecting it to start on an optimistic note. However, the first sentence from him was about a recession next year.

The Bangko Sentral ng Pilipinas is urging Filipinos to use digital money when sending e-aguinaldo to families and friends during the holiday season even as it assured the sufficient supply of fresh banknotes and coins amid the seasonal surge in currency demand.

MPs from Congress, BJP, AIMIM, and BSP have demanded the rollback of the decision by the Centre over the negative impact it can have on minority students and researchers.

The Bangko Sentral ng Pilipinas is expected to deliver more rate hikes until the first quarter of next year as inflation remains elevated and above the government’s two to four percent target range.