The monetary board of the Bangko Sentral ng Pilipinas (BSP) at its final rate-setting meeting this year opted to keep the benchmark interest rate or its target reverse repurchase (RRP) rate unchanged at 6.50 percent.
The Asian Development Bank (ADB) and the Bank of the Philippine Islands (BPI) have extended ACEN Corp. an P11-billion sustainability-linked loan to finance its solar projects.
The head of International Monetary Fund (IMF) said on Thursday that crypto currencies need to be regulated with rules and infrastructure because they pose risks to financial stability.
Consumer loans continued to expand in October this year but at a slower pace of only 22.8 percent from 23.5 percent in September, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
Alternergy Holdings Corp.said Wednesday its board has mandated BDO Capital & Investment Corp. lead arranger for a green bond issue of up to P4 billion.