Patrick Roque News Today

HIGH oil prices may prompt the Bangko Sentral ng Pilipinas (BSP) to further delay any rate cuts, according to Standard & Poors (S&P) Global Ratings. In its latest brief, S&P Global Ratings said the recent spike in oil prices may disrupt any slowdown in the increase in commodity prices, particularly…

THE Bangko Sentral ng Pilipinas (BSP) is not keen on cutting the Reserve Requirement Ratio (RRR) even if it reduces key policy rates as early as the third quarter of the year. In a recent briefing, BSP Governor Eli M. Remolona Jr. said the Monetary Board aims to cut the…

THE Department of Tourism (DOT) has been awarding more major contracts under its branding and marketing communications division in the last two months of 2023. Among the winning bidders include a publicist, who recently reaped complaints over her alleged overpriced digital technology event last November. As per the DOT website,…

RISING food costs may not stop the Monetary Board, the highest policy making body of the Bangko Sentral ng Pilipinas (BSP), from cutting not just policy rates but the reserve requirements of banks this year. In a briefing over the weekend, BSP Governor Eli M. Remolona Jr. told reporters that…

The Bangko Sentral ng Pilipinas (BSP) is still awaiting word on who will be appointed by the President as the administration representative in the Monetary Board (MB), the highest policymaking body of the central bank. President Ferdinand R. Marcos Jr. recently appointed former Finance Secretary Benjamin E. Diokno to a…

The Bangko Sentral ng Pilipinas (BSP) has emphasized that the Shari’ah Supervisory Board (SSB), the members of which recently convened for the first time, would strengthen Shari’ah oversight on Islamic banking. “The SSB is a convergence of expertise in Islamic jurisprudence and contemporary finance,” BSP Governor Eli M. Remolona Jr.…

President Ferdinand R. Marcos Jr. has opened Malacañang Palace to its true owners—the Filipino people—as society celebrates the yuletide season, said Cesar Chavez, newly-appointed Presidential Assistant. “This is the first time that the Palace grounds have been opened to the entire nine Simbang Gabi nights as far as I can…

TRUST entities may now access the primary market for Bangko Sentral ng Pilipinas (BSP) securities after the recent changes made by the Monetary Board concerning Unit Investment Trust Funds (UITFs) regulations. Under the MB-approved amendments to the regulations, trust entities may now participate in the auction for BSP Securities through…

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