Banks showed subdued appetite for the Bangko Sentral ng Pilipinas’ (BSP) auction of term deposit facility (TDF) this week with tenders amounting to P524.3 billion versus offer of P510 billion.
“The BSP maintained the TDF offer volume at P510 billion and the distribution mix between the 7-day and
Bank lending likely to pick up by 2nd half of 2021
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BSP makes full award of short-term securities
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BSP maintains key rate at record low - BusinessWorld
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published May 13, 2021, 3:00 PM
With CREATE, FIST laws
The Bangko Sentral ng Pilipinas (BSP) expects the economy to post positive growth in the second quarter due to base effects, but whether or not this will be sustained for the rest of the year will depend on the implementation of recently approved laws, such as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) and the Financial Institutions Strategic Transfer (FIST) Act.
BSP Deputy Governor Francisco G. Dakila Jr. of the monetary and economics sector, said the growth trajectory will turn positive beginning in the second quarter of the year, but to fully support a recovery that is sustainable, it will have to be supported by the implementation of key pieces of legislation including the CREATE and FIST laws – “which will then impact on growth starting in the second half of the year and well into 2022”. The stronger recovery in global economic activity will also contribute to this economic recovery.