Fitch affirms country’s investment grade rating, stable credit outlook
Fitch Ratings has affirmed Manila's triple B (BBB) credit rating, which is above the minimum investment grade, and has kept the outlook on the rating at “stable.”
Saving and real investments fell in 2020 as pandemic bites – BSP data
The country's so-called flow of funds in 2020, which helps indicate whether the USD406 billion economy borrows from or actually lends money to the growth-producing economic sectors, show a sharp 26.1 percent drop in domestic saving to P3.7 trillion from P5 trillion in 2019.
Account ownership promotes workers’ financial inclusion, resilience—BSP
The Bangko Sentral ng Pilipinas (BSP) is calling on employers to help their employees open and maintain transaction accounts to enable more workers to access financial services while also relieving the company of having to shoulder some of their workers’ monetary burden.
Tenuous global outlook helps dampen 8-month foreign investor interest
Long-horizon foreign direct investments (FDI) in August proved marginally lower this year at only USD789 million from year-ago level of USD792 million, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
PNB nine-month net income rises 19% to P13.5 billion
The Philippine National Bank registered consolidated net income of P13.5 billion in the first nine months this year, 19 percent higher compared to the same period last year. The stronger performance was attributed to growth in the bank’s core lending and fee-based operations.
