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BSP to hike policy rates again in Dec.

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 ....

Bangko Sentral , Leec Chipongian , Felipem Medalla , Monetary Board ,

AMLC extends deadline of MTPP compliance

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 ....

Mel Georgieb Racela , Leec Chipongian , Money Laundering Terrorism Financing Prevention Program , Money Laundering Council , Gaming Corp , Anti Money Laundering Council , Terrorism Financing Prevention Program , Mel Georgie , Counter Terrorism Financing , Philippine Amusement , Appropriate Government Agencies , Risk Based Supervisory ,

RCBC posts P7.1 B profits in 2021

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. ....

San Carlos , Negros Occidental , Eugenes Acevedo , Michael Ricafort , Christinap Alvarez , Leec Chipongian , Horacioe Cebrero , Head Of Corporate Planning Group , Head Of Treasury Group , Sumitomo Mitsui Banking Corp , Rizal Commercial Banking Corp , Yuchengco Controlled Rizal Commercial Banking , Treasury Group , Corporate Planning Group , Bennett Santiago , Chief Credit Officer , Sumitomo Mitsui Banking , Monetary Board ,

BSP keeps steady outlook on inflation

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 ....

Philippines General , Bangko Sentral , Leec Chipongian , Benjamine Diokno , Odette Marie Tonette Marticio , Department Of Economic Research , Governor Benjamin , Economic Research , Marie Tonette , Manila Bulletin , Monetary Board ,

BSP targets unbanked sector for QR PH

BSP targets unbanked sector for QR PH
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Bangko Sentral , Leec Chipongian , Benjamine Diokno , Philippine Payments Management Inc , Quick Response , Philippine Payments Management , Multiple Batch Settlement ,