Lawmakers want probe of DFA passport mess

Credit to Author: cbibe| Date: Mon, 14 Jan 2019 03:18:30 +0000

Lawmakers want probe of DFA passport mess

The passport data mess could have been prevented if passport printing was not subcontracted to a private company, Bayan Muna said.

The post Lawmakers want probe of DFA passport mess appeared first on Inquirer News.

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BSP eases regulations on Typhoon ‘Josie’-affected areas

The Bangko Sentral ng Pilipinas (BSP) has moved to allow lenders in areas affected by Typhoon “Josie” to provide debt relief to their borrowers by granting regulatory and rediscounting relief measures to banks and other financial institutions. Typhoon Josie’s devastation in July warrants central bank’s immediate response through the grant of regulatory and rediscounting relief measures to […]

The post BSP eases regulations on Typhoon ‘Josie’-affected areas appeared first on The Manila Times Online.

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PH foreign direct investment net inflows hit 7-month high in May

FOREIGN direct investment (FDI) net inflows in May hit a seven-month high of $1.645 billion, an increase of 142.9 percent or more than double the level posted a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. About 80 percent of the net inflows were in the form of intercompany borrowings, or non-residents’ investments […]

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BSP hikes key rates to contain inflation

MONETARY authorities on Thursday raised key interest rates for the third time this year to contain rising inflation. The Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board raised its key interest rates by 50 basis points (bps), bringing its overnight borrowing, lending and deposit rates to 4 percent, 4.50 percent, and 3.50 percent, respectively. The Monetary Board […]

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BSP shuts down Camarines Norte-based rural bank

THE Bangko Sentral ng Pilipinas (BSP) has ordered a Camarines Norte-based Rural Bank of Sta. Elena closed and placed under receivership, state-run Philippine Deposit Insurance Corp. (PDIC) announced over the weekend. The single-unit rural bank, at Barangay Sta. Elena (Pob.), Sta. Elena was prohibited from doing business and its assets and affairs placed under the […]

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