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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.
Inflation, renewed mobility helping shape 2023 global consumer trends
The post-pandemic era is ushering in new shopping habits across the world, and companies must monitor them closely to address and adjust to their customers’ evolving needs, according to global market research firm Mintel.
BOP surplus in December pared the full-year 2022 shortfall to only $7.3B
The balance of payments (BOP), essentially what is left after deducting the country’s foreign currency expenses against earnings, stood as a surplus of $612 million in December 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
DOF chief briefs WEF CEOs on proposed Maharlika Investment Fund
Finance Secretary Benjamin Diokno briefed World Economic Forum (WEF) chief executive officers (CEOs) on the current state of the Philippine economy, as well as...
