Global payments firm urges OFWs to welcome 2023 with better money habits
For many Filipinos, 2023 is a new year faced with the same economic challenges from 2022. Sustained high inflation has unfortunately made many Filipinos...
Lender cedes half of each peso transacted under its e-money platforms to scholars
Robinsons Bank has donated half of what it generates from its e-money platforms for the benefit of academic scholars supported by the Gokongwei Brothers...
Government organizing economic briefings in Frankfurt, London
From January 23 to 27 the economic managers will again engage business leaders, bankers and investors from Frankfurt, Germany ,and London, United Kingdom, which are known as centers of trade and finance.
BSP allows credit card transaction charge to rise to 3 percent
The policy making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Friday allowed the maximum interest on credit card transactions to rise a full percentage point to 3 percent a month from only 2 percent.
MB approved $2 billion public sector foreign borrowing in Q4 2022
For the period October to December 2022, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) approved one public sector foreign borrowing of $2 billion, which is lower by 32.95 percent compared to the $2.98 billion borrowings approved in the same period in 2021.
