Page 87 - Bsp News Today

The Bangko Sentral ng Pilipinas has lowered the projected growth of remittances from overseas Filipino workers (OFWs) over the next two years due to the expected global economic slowdown.

The Philippine central bank is ready to act to address potential contagion risk arising from the collapse of Silicon Valley Bank and Signature Bank in the US, according to Bangko Sentral ng Pilipinas Governor Felipe Medalla

An all-party delegation from Jammu and Kashmir, led by National Conference leader Farooq Abdullah, is meeting the Election Commission of India (ECI) today seeking elections in the former state.

Fiji THRIVE launched to empower local businesses

BSP Life reaffirms support for FHRI Convention

Helios Towers highlighted moves to lower capex for 2023 and focus on organic growth this year, as the company reported boosts to revenue and operating profit. 

The local banking community and the Bangko Sentral ng Pilipinas have committed to promote the welfare of the industry and have vowed to protect the interest of the banking public amid the crisis facing US and European banks.

Personal remittances from overseas Filipino workers grew by only 3.5 percent to $3.07 billion in January from $2.97 billion in the same period last year, according to the Bangko Sentral ng Pilipinas.

New BSP Partnership to Develop Local MSMEs

Economists are expecting a smaller rate hike by the Bangko Sentral ng Pilipinas this month as inflation stayed below nine percent after easing to 8.6 percent in February from 8.7 percent in January.