Banking & Insurance

Monetary board member Anita Linda Aquino, just under four years as member of the policy-making body of the Bangko Sentral ng Pilipinas, has resigned in the wake of a scandal involving ghost central bank employees.

GoTyme Bank, the digital banking unit of the Gokongwei group, has launched a dollar-based time deposit product that it said is most accessible in the market. 

The Office of the President is certain to act quickly on the matter involving the hiring and subsequent resignation of absentee Bangko Sentral ng Pilipinas (BSP) employees ostensibly hired by members of the policy-making, seven-member Monetary Board.

Bangko Sentral ng Pilipinas governor Eli Remolona on Tuesday said inflation, or the rate of change in prices, averaging lower than the ceiling of 4 percent this year is achievable.

Average interest rate on 91-day treasury bills declined at the auction Monday, softened by strong demand for the shorter-dated debt paper.