Page 105 - Bsp News Today

The saffron party has built a vote bank by manipulating the insecurities of the most downtrodden of the Hindus while protecting the supremacy of the 'upper' castes.

The Bangko Sentral ng Pilipinas is enhancing the provisions on targeted sanctions related to terrorism, terrorism financing, proliferation of weapons of mass destruction and proliferation financing, as the country ramps up efforts to be removed from the gray list of global dirty money watchdog Financial Action Task Force.

Consumers are expected to continue enjoying low interest rates and charges on their credit card transactions at least during the Christmas holidays after the Bangko Sentral ng Pilipinas decided to maintain the current cap until the end of the year.

Gains from foreign exchange rate fluctuations boosted the earnings of the Bangko Sentral ng Pilipinas (BSP) to P54.62 billion in the first half of the year, 20.2 percent higher than the P45.44 billion recorded in the same period last year.

The net inflow of foreign direct investments continued to decline, even though it hit a four-month high of $797 million in August, due to global headwinds caused by monetary policy tightening to fight soaring inflation, data released by the Bangko Sentral ng Pilipinas showed.

BSP opens new branch at Nakaulevu Grace Road True Mart complex

BSP opens new branch at Nakaulevu Grace Road True Mart complex

The profit of banks operating in the Philippines jumped by 43.7 percent to P243.06 billion from January to September compared to last year’s P169.09 billion, according to the Bangko Sentral ng Pilipinas.

The bad debts of Philippine banks continued to fall, resulting in the further easing of the industry’s non-performing loan ratio for seven straight months, to hit the lowest level in more than two years despite the series of rate hikes to tame inflation and stabilize the peso, the Bangko Sentral ng Pilipinas said.

China expots 160 km/h railway technology for first time A total of 46 Chinese-manufactured wide gauge rai