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Philippines
Saturday, July 20, 2024

Ralph Harvey Rirao

BOP posted $1.4b in first half; GIR surpassed $105b

The Philippines posted a balance of payment (BOP) surplus of $1.44 billion in the first half of 2024, despite the deficit incurred in June,...

Savings banks’ assets expanded 7.3% to exceed P1t in 2023

The combined assets of savings banks in the Philippines topped the P1-trillion market for the first time in 2023. The Chamber of Thrift Banks (CTB)...

BSP approves two lenders‘ Islamic banking services

The Bangko Sentral ng Pilipinas (BSP) approved the application of two lenders to provide Islamic banking services in the Philippines. BSP Deputy Governor Chuchi Fonacier...

Artificial intelligence seen shaping future of PH thrift banks

The Chamber of Thrift Banks (CTB) underscored the importance of artificial intelligence (AI) in shaping the future of banking. The group tackled the challenges and...

BSP chief welcomes  Wassmer as MB member

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. welcomed Walter Wassmer as the newest Monetary Board member, after administering his oath at the...

GoTyme tops customer experience

GoTyme Bank topped customer experience ranking in two separate independent studies by Forrester and the Singapore Economic Development Board (EDB). This was celebrated by...

ADB, IMF maintain 2024 PH growth forecast at 6%

Both the Asian Development Bank and the International Monetary Fund expect the Philippine economy to grow 6 percent year-on-year in 2024, following the revised...

BSP amends FX reporting rules, penalties

The Bangko Sentral ng Pilipinas (BSP) amended foreign exchange (FX) regulations to improve data collection and strengthen oversight of banks. The changes aim to ensure...

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