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BANGKO Sentral ng Pilipinas Governor Eli M. Remolona Jr. said an interest policy rate cut is “highly unlikely” in the next few months as such policy move is not yet supported by various economic indicators. Remolona pointed out that there are certain conditions that must be met before the Monetary…
MONETARY authorities have ordered financial institutions not to raise fund transfer fees in a bid to promote digitalization.
THE Bangko Sentral ng Pilipinas (BSP) has extended indefinitely the moratorium on InstaPay and PESONet fees pending a review or until such time that small e-payment transactions are levied with zero fees. The BSP said the Monetary Board issued Resolution 1599 dated December 7 ordering the status quo on the…
DESPITE continued hawkishness, monetary authorities will likely keep interest rates unchanged well into next year before embarking on rate cuts, analysts said.
MANILA (ANN/PHILIPPINE DAILY INQUIRER) – The Philippines is poised to take the lead in economic growth within Southeast Asia, despite the region experiencing a decline in overall prospects over the past three months, primarily attributed to sluggish manufacturing activities. Conversely, the Asian Development Bank’s recent update of the Asian Development Outlook, unveiled on Wednesday, indicates […]