Page 93 - Bsp News Today

DSWD, DFA, BSP support ePhilID implementation

Voluntary retirement contributions jumped by 30 percent to P329.55 million last year from P253.35 million in 2021 amid the steady rise in participants, according to the Bangko Sentral ng Pilipinas.

More than 500 students assisted through a donation by BSP to FENC

BSP Life processed 95,000 payouts last year in Fiji

The Bangko Sentral ng Pilipinas may raise interest rates by 50 basis points this week as it tries to address the stubbornly elevated inflation that rocketed to a fresh 14-year high of 8.7 percent in January from 8.1 percent in December.

Bank economists are divided on whether the Bangko Sentral ng Pilipinas is going for a softer 25-basis-point interest rate hike or maintain the aggressive 50-basis-point increase this week, as inflation blew past expectations to hit a fresh 14-year high of 8.7 percent in January from 8.1 percent in December.

Local stocks ended a roller-coaster week in the green yesterday, bucking a general downturn in Asia, as investors scouted for bargains amid a still cautious sentiment over an impending interest rate hike by the Bangko Sentral ng Pilipinas next week.

The net inflow of foreign direct investments retreated by 13.4 percent to $8.43 billion from January to November last year compared to $9.74 billion in the same period in 2021, data released by the Bangko Sentral ng Pilipinas showed.

The net inflow of foreign direct investments retreated by 13.4 percent to $8.43 billion from January to November last year compared to $9.74 billion in the same period in 2021, data released by the Bangko Sentral ng Pilipinas showed.

Philippine banks bolstered their earnings by 37.5 percent to hit an all-time high of P309 billion last year, from P224.75 billion a year earlier, on the back of higher interest income amid the aggressive rate hikes by the Bangko Sentral ng Pilipinas and higher trading gains.