The banking community is puzzled by Finance Secretary Benjamin Diokno’s seeming dislike and suspicion of bankers following a briefing he gave to reporters covering the Department of Finance last Friday, where he specified the qualifications on who should be appointed as new Bangko Sentral ng Pilipinas Governor, as the term of current BSP Governor Felipe Medalla is set to end by this month if he is not given a fresh six-year mandate by President Marcos.
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Optimism seemed to be the theme of the recent annual bankers’ night held Friday last week, as Bangko Sentral ng Pilipinas Governor Felipe Medalla assured the banking community that the Philippine banking system is “strong, stable, resilient and responsive to the evolving needs of the growing economy.”
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A laser focus attention of the Department of Energy (DOE) for immediate 500-megawatt power capacity addition is being sought by prospective investors in data centers and the hyperscale computing firms if the Philippines would not want to waste multi-billion dollar worth of investments from the infor