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Philippines
Tuesday, May 28, 2024

Banking & Finance

BSP confirms ‘unprecedented’ irregularities involving 2 supervisors, 4 employees

The Bangko Sentral ng Pilipinas on Tuesday confirmed “unprecedented” irregularities involving two supervisors and four employees of the Monetary Board who were receiving salaries without reporting for work. The Monetary Board, the policy-making body of the BSP, is composed of seven members, along with their respective staff. “The irregularities appear unprecedented in an organization that upholds integrity and professionalism at all levels. The BSP remains committed to upholding that,” the BSP,...

2024 revenue collection on track

The Department of Finance (DOF) said Monday the government is on track...

Recto: BSP rate cut ‘very much possible’ in August

Finance Secretary Ralph Recto said Monday he expects the Bangko Sentral ng...

PNB to raise $300m from debt market

Philippine National Bank (PNB), the lending arm of tycoon Lucio Tan, is...

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Gov’t gross borrowings dropped nearly 60% to P50.1b in April—Treasury

The government’s gross borrowings fell 59.9 percent in April 2024 due to lower external financing, according to the Bureau of the Treasury. Data from the...

AIIB approves $1.1-b loan for Bataan-Cavite bridge

THE Asian Infrastructure Investment Bank (AIIB) said Friday it approved a funding of up to $1.14 billion for the construction of the Bataan-Cavite Interlink...

Recto requests for additional P2b for local climate change projects

Finance Secretary and People’s Survival Board (PSF) chair Ralph Recto is seeking P2 billion in renewed funding from the Department of Budget and Management...

SeaBank reported P110-m profit in Q1

SeaBank Philippines Inc. (A Rural Bank) said it recorded a net income of P110.7 million in the first quarter of 2024, the company’s first...

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