More Filipino households are able to save money, but how much is being put aside as contingent funds or even for future businesses and retirement varies depending on income. Based on the Bangko Sentral ng Pilipinas’ (BSP) first quarter Consumer...
Read more
The Bangko Sentral ng Pilipinas (BSP) required its supervised financial institutions to find a balance between their anti-money laundering and anti-terrorist financing regulations and the promotion of financial inclusion in the country, which an...
Read more
There is now a legislative proposal recognizing lender participation in a public-private partnership (PPP) project as alternative compliance to the oft-ignored agri-agra law, latest data of which show continuing dismal performance by an industry...
Read more
THE PHILIPPINE banking system continued to expand during the second quarter as lenders opened more branches across the country with a focus on the provinces, data from the Bangko Sentral ng Pilipinas (BSP) showed. The local banking sector widened...
Read more
THE PHILIPPINE banking system is expected to remain strong over the near term, BMI Research said in a recent report, with mergers to remain a likely trend as big banks absorb smaller lenders in order to beef up their presence as they brace for the...
Read more