PHL economic managers cut growth forecast for 2016-17

February 15, 2016 by · Comments Off on PHL economic managers cut growth forecast for 2016-17 

By Joann Santiago

MANILA, Feb. 15 (PNA) — Economic managers on Monday cut their growth forecasts for the Philippines for 2016-17 given the weak external developments.

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Banks accept old bank notes from public

January 5, 2016 by · Comments Off on Banks accept old bank notes from public 

SANTIAGO CITY, Isabela, Jan. 4 — Banking institutions in this city are now accepting for deposits all old bank notes that are circulating in the city as ordered by the Bangko Sentral ng Pilipinas (BSP).

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PHL consumer confidence improves in Q3

September 11, 2015 by · Comments Off on PHL consumer confidence improves in Q3 

MANILA, Sept. 10 — Good harvest, more jobs, better pay and government assistance such as the Pantawid Pamilyang Pilipino Program (4Ps) made consumers more positive on their outlook for the third quarter of 2015.

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Tetangco expects markets to factor in PHL macrofundamentals vis-à-vis assessment on currencies

August 12, 2015 by · Comments Off on Tetangco expects markets to factor in PHL macrofundamentals vis-à-vis assessment on currencies 

By Joann Santiago

MANILA, Aug. 11 (PNA) — The Philippines’ improved macrofundamentals are seen to be likely considered by markets on their assessment of the local currency’s position against other units.

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IMF Country Representative to the Philippines Shanaka Jay Peiris during a briefing at the Bangko Sentral ng Pilipinas

July 3, 2015 by · Comments Off on IMF Country Representative to the Philippines Shanaka Jay Peiris during a briefing at the Bangko Sentral ng Pilipinas 

150702185952International Monetary Fund (IMF) Country Representative to the Philippines Shanaka Jay Peiris explains the results of the lender’s Fiscal Transparency Evaluation (FTE) during a briefing Thursday at the Bangko Sentral ng Pilipinas (BSP) in Manila. The Philippines fared well in the new IMF study which cited reforms on the government’s fiscal environment. (PNA photo by Joann Santiago-Villanueva)
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BSP cuts ’15, ’16 inflation projection

March 27, 2015 by · Comments Off on BSP cuts ’15, ’16 inflation projection 

By Joann Santiago

MANILA, March 26 (PNA) — Lower-than-forecast hike in minimum wage in the National Capital Region (NCR) was attributed as among the reasons for the drop in the Philippine central bank’s average inflation forecast for this.

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18-year PHL T-bond rate average up to 3.5%

January 20, 2015 by · Comments Off on 18-year PHL T-bond rate average up to 3.5% 

MANILA, Jan. 20 — Average rate of the Philippine government’s 18-year Treasury bond (T-bond) rose to 3.85 percent during an auction by the Bureau of the Treasury (BTr) Tuesday.

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BSP announces demonitization of old peso bills

January 12, 2015 by · Comments Off on BSP announces demonitization of old peso bills 

DAGUPAN CITY, Jan. 12 — Old peso bills will not have any monetary value soon, according to the Bangko Sentral ng Pilipinas (BSP).

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PSEi hits one-month high on rosier economic outlook

January 8, 2015 by · Comments Off on PSEi hits one-month high on rosier economic outlook 

By Leslie D. Venzon

MANILA, Jan. 7 (PNA) –- The local stock market surged to a one-month high above 7,300 points on Wednesday, bolstered by rosier outlook for the Philippine economy.

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BSP to introduce more BASEL III-related reforms

January 5, 2015 by · Comments Off on BSP to introduce more BASEL III-related reforms 

By Joann Santiago

MANILA, Jan. 4 (PNA) — New banking reforms are up for introduction this year to enable Philippine banks to further determine the risks they are willing to take.

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