BSP to hike policy rates again in Dec.
By Lee C. Chipongian
The Bangko Sentral ng Pilipinas (BSP) is expected to go for another policy rate hike of 50 basis points (bps) on Dec. 15, lifting the overnight borrowing rate to 5.50 percent.
BSP Governor Felipe M. Medalla said they will keep a tight
AMLC extends deadline of MTPP compliance By Lee C. Chipongian The Anti-Money Laundering Council (AMLC) has extended for another six months or until June 21 this year the formulation of the Money Laundering/Terrorism Financing Prevention Program (MTPP) that are required of designated non-financial
RCBC posts P7.1 B profits in 2021 By Lee C. Chipongian The net income of Yuchengco-controlled Rizal Commercial Banking Corp. (RCBC) increased to a record high of P7.08 billion in 2021, up by 41.1 percent from P5.02 billion in 2020, boosted by loans to the corporate and small business sectors.
BSP keeps steady outlook on inflation By Lee C. Chipongian Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday, Jan. 5, that with a lower December inflation rate of 3.6 percent, the projected easing close to the midpoint of the 2-4 percent target this year and in 2023 a
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