Tenders for TDF rise on Wednesday

MANILA — Tenders for the Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) rose substantially during Wednesday’s auction. Data released by the central bank showed tenders for seven-day TDF…

Remittances breach USD15-B mark in H1 2017

MANILA, Aug 15— Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. on Tuesday said that personal remittances of Overseas Filipinos (OFs) rose by 6.8 percent year-on-year to USD2.8 billion…

PHL posts USD569-M BOP deficit in June ’17

MANILA – – The Philippines posted USD569 million balance of payment (BOP) deficit in June 2017, the highest after the USD1.67 billion deficit in November 2016. Data released by the…

Remittances hit record-high of USD7.7-B in Q1 2017

MANILA – Remittances from Overseas Filipinos (OFs)hit a record high of 7.7 billion in the first quarter of the year, up 8.1 percent from USD 7.1 billion in the same…

BPI eyes RRR cut this week

MANILA — Ayala-led Bank of the Philippine Island (BPI) forecasts a cut in the Bangko Sentral ng Pilipinas’ (BSP) reserve requirement ratio (RRR) during the rate-setting meeting of its policy-making…

Ex-President Aquino, 6 others rapped with plunder, illegal shipment of US$ 141-B gold bars

MANILA — Plunder and graft charges were filed before the Office of the Ombudsman on Friday against former President Benigno “Noynoy” S. Aquino III and six others in connection with…

BSP revises rules on dormant accounts, bank fees

MANILA – – The Bangko Sentral ng Pilipinas (BSP) has revised the rules on dormant deposits and bank fees to further protect the public. Currently, bank accounts that are considered…