Banking & Insurance
Tyme Bank looking past Manila for expansion
Tyme Bank Holdings Ltd., a digital bank minority owned by the Gokongwei group, is focusing expansion across Southeast Asia as it plans putting up banking operations in Vietnam and Indonesia.
BSP Islamic banking team receives Presidential Lingkod Bayan Award
The Islamic banking and finance (IBF) core team of the Bangko Sentral ng Pilipinas was named regional winner of the Presidential Lingkod Bayan Group Award for their work in developing Islamic finance in the country. The group's efforts have boosted stakeholder engagement and inter-agency cooperation, implemented key regulations and built capacities to support the Islamic Banking Law.
Debt payments, diminished gold value push GIR lower in September
The country's gross international reserves (GIR), an indicator of capacity to pay maturing foreign debt and trade obligations, stood lower in September to $98.7 billion from $99.6 billion, the Bangko Sentral ng Pilipinas (BSP said on Friday.
Persistent price pressures may compel BSP to revisit policy stance
The Bangko Sentral ng Pilipinas (BSP) on Thursday hinted broadly of a change in monetary policy stance as headline inflation trekked north of 5.3 percent in August to 6.1 percent in September, eluding generous forecasts of moderating price pressures.
IMF commends Manila’s post-pandemic economic performance
The International Monetary Fund (IMF) has commended the Philippines for its handling of the economy following the conclusion of the latest round of annual visits known as Article IV consultations.
