The central bank wants to further tighten its policy rate.
The BSP intends to be a “little aggressive” in tightening policy to taper off inflation to within its target range of 2%-4% in the following year. Governor Felipe Medalla said, as he signalled his preference for bigger rate hikes ahead. He further added that the BSP would vote to match the policy move of the U.S. Federal Reserve, which is likely to hike another 75 basis-point rate increase at its meeting next week.
The Philippines’ overall balance of payments position slipped into a deficit of $895 million in February , higher than the $157 million recorded in the same month a year ago.
The state-run lender announces a new selection process after receiving numerous queries from interested applicants.
The partnership is in line with banks digitalization and financial inclusion efforts.
CBS opens a new site in Balamban, Cebu.
FWD wins silver Anvil for its Affiliates PH App 3.0.
The Philippine Deposit Insurance Corporation (PDIC) has turned over previously used office furniture and IT equipment to 18 public schools and eight local government units, as part of its commitment to help other government institutions optimize operating efficiency and public service.
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