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Keisha Ta-Asan
Keisha Ta-Asan
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BOC, Maya renew partnership
by Keisha Ta-Asan - January 2, 2025 - 12:00am
The Bureau of Customs has r BOC, Maya renew partnership enewed its partnership with Maya Philippines Inc. to further enhance electronic payment systems for its stakeholders.
Net external liability position widens in Q3
by Keisha Ta-Asan - January 2, 2025 - 12:00am
The country’s net external liability position stood at $74.2 billion as of end-September 2024, 33 percent higher than the $55.7 billion recorded in end-June, according to the Bangko Sentral ng Pilipinas.
IMF: Philippines faces challenges in business, demographics
by Keisha Ta-Asan - January 2, 2025 - 12:00am
The Philippines is grappling with critical gaps in its business environment, infrastructure and labor market, which threaten its potential to attract private investment and boost productivity growth, according to...
Banks’ FCDU loans rise to $15.7 billion
by Keisha Ta-Asan - January 1, 2025 - 12:00am
Foreign currency loans granted by banks inched up by 0.7 percent to $15.75 billion as of end-September 2024 from the end-June level of $15.63 billion, according to the Bangko Sentral ng Pilipinas.
BSP extends deadline on consumer redress standards
by Keisha Ta-Asan - January 1, 2025 - 12:00am
The Bangko Sentral ng Pilipinas has extended the transitory period for compliance with Circular 1195, which outlines the consumer redress mechanism standards for account-to-account electronic fund transfers.
BSP cancels registration of 6 money service firms
by Keisha Ta-Asan - January 1, 2025 - 12:00am
The Bangko Sentral ng Pilipinas has revoked the registration of a sixth money service business in 2024, underscoring its continued crackdown on non-compliance and financial misconduct in the sector.
Banking on resilience: BSP, Philippines banks prepare for 2025
by Keisha Ta-Asan - January 1, 2025 - 12:00am
As 2024 ends, the Bangko Sentral ng Pilipinas and the Philippine banking sector are poised to tackle a pivotal year ahead. With economic challenges and geopolitical uncertainties looming, optimism about the sector’s...
Asialink revamps leadership structure
by Keisha Ta-Asan - December 31, 2024 - 12:00am
The Asialink Group of Companies has unveiled a significant leadership reshuffle as it prepares to strengthen its core lending businesses and tap into new opportunities catering to small and medium enterprises in...
Non-tax revenues climb to record P607 billion in 2024
by Keisha Ta-Asan - December 31, 2024 - 12:00am
The government is on track to collect an unprecedented P606.6 billion in non-tax revenues for 2024, according to the Department of Finance.
Government borrowings drop to P65 billion in November
by Keisha Ta-Asan - December 31, 2024 - 12:00am
The government trimmed its borrowings to P65.05 billion in November as it settled more domestic debts, offsetting new obligations acquired from domestic and foreign sources, according to the Bureau of the Treas...
More ‘hot money’ enters in November
by Keisha Ta-Asan - December 30, 2024 - 12:00am
More speculative funds flowed into the Philippines, yielding a net inflow of $96.59 million in November and reversing the $529.68 million outflow seen a month ago, the Bangko Sentral ng Pilipinas (BSP) said.
Housing prices drop for 1st time in 3 years
by Keisha Ta-Asan - December 30, 2024 - 12:00am
Property prices declined for the first time in three years as prices of duplex housing and condominium units slumped in the third quarter, the Bangko Sentral ng Pilipinas (BSP) said.
BSP lifts ban on new digital banks
by Keisha Ta-Asan - December 28, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) will officially lift the moratorium on new digital banking licenses starting Jan. 1, 2025, allowing up to 10 digital banks, including existing ones, to operate.
Peso closes 2024 at 57.845:$1
by Keisha Ta-Asan - December 28, 2024 - 12:00am
The peso closed the year on a weaker footing compared to its finish in 2023 amid global uncertainties, including concerns on US economic policy under president-elect Donald Trump and persistent geopolitical ten...
December inflation likely within 2.3-3.1 percent range
by Keisha Ta-Asan - December 28, 2024 - 12:00am
Inflation likely settled within the 2.3 to 3.1 percent range this month, which could bring the full-year
BSP profit soars to P109.7 billion in 9 months
by Keisha Ta-Asan - December 27, 2024 - 12:00am
The earnings of the Bangko Sentral ng Pilipinas stood at P109.7 billion as of September, nearly five times higher than the P22.3 billion in the same period last year amid higher interest income.
Infrastructure spending rises in October
by Keisha Ta-Asan - December 27, 2024 - 12:00am
Infrastructure spending rose by 2.5 percent in October, with disbursements reaching P110 billion, according to the Department of Budget and Management.
Budget deficit widens to P213 billion in November
by Keisha Ta-Asan - December 27, 2024 - 12:00am
The government posted a wider budget deficit of P213 billion in November as revenue collections went down while state spending surged by double digits, according to the Bureau of the Treasury.
BSP: Polymer bills lead to drop in counterfeits
by Keisha Ta-Asan - December 27, 2024 - 12:00am
The Bangko Sentral ng Pilipinas reported a significant decrease in counterfeit banknotes since the introduction of polymer currency, with only one fake P1,000 polymer note detected per 82 million pieces in circ...
Peso seen hovering around 59:$1 in 2025
by Keisha Ta-Asan - December 27, 2024 - 12:00am
The peso is expected to weaken further in 2025, with analysts predicting the exchange rate to hover around 59 per dollar by midyear.
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