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BSP opts for a pause in the monetary policy tightening cycle
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas on Thursday kept its benchmark interest rate unchanged at 6.5 percent, effectively validating market...
Banks return 80 percent of stolen GCash funds
Mactan, Cebu—The banks as unwitting recipients of funds stolen from GCash accounts have returned 80 percent or just under P30 million of the estimated...
‘A pause in the monetary policy tightening cycle at this point is fraught with risks’
There had been contrarian views on the subject but on Monday Finance Secretary Benjamin Diokno told reporters he favors keeping the policy rates of...
March remittances up 3% to $2.97 billion
Money sent home by millions of overseas Filipinos in March proved 3 percent higher to $2.97 billion from only $2.89 billion last year and...
Converge mulls sale-leaseback deal for fiber network, plans dividend payout
With the aggressive fiber network rollout behind it, Converge Information and Communications Technology Solutions Inc. has cut back its capital expenditure budget this year,...
