Page 152 - Bsp News Today

BSP chief Diokno is ‘Global Central Banker of the Year 2022’

Uttar Pradesh Assembly Polls: Samajwadi Party chief Akhilesh Yadav welcomes more BSP, BJP leaders in his party

Loans extended by Philippine banks to micro, small and medium enterprises slipped by 5.2 percent in the first nine months of 2021 and remained below the mandated 10 percent threshold, according to the Bangko Sentral ng Pilipinas.

Several economists are convinced inflation remained above the two to four percent target range of the Bangko Sentral ng Pilipinas because of higher electricity prices, elevated food prices and the impact of Typhoon Odette.

The Bangko Sentral ng Pilipinas has extended the zero spread on its peso rediscount loans anew until the end of March this year to allow banks to tap the facility and meet their temporary liquidity needs amid the pandemic.

The Bangko Sentral ng Pilipinas has further relaxed and streamlined the requirements in foreign currency denominated transactions by allowing smaller banks as well as Islamic and digital banks to conduct foreign currency deposit unit functions.

The banking arm of diversified conglomerate San Miguel Corp. has obtained a universal banking license from the Bangko Sentral ng Pilipinas.

BSP okays second phase amendments to Foreign Currency Deposit System

The Bangko Sentral ng Pilipinas has imposed a moratorium on the planned fee increases for electronic fund transfers by banks and other financial institutions until the share of digital payments to total transactions doubles to 40 percent.

Property prices finally rebounded in the third quarter after slumping for two straight quarters, buoyed by the sharp increase in the prices of condominium units and townhouses as demand heightened amid the continued reopening of the economy.