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Keisha Ta-Asan
Keisha Ta-Asan
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Dollar reserves slightly down in April
by Keisha Ta-Asan - May 9, 2024 - 12:00am
The country’s foreign exchange buffer inched down in April, the lowest level in two months, as the government paid some of its foreign debt, according to the Bangko Sentral ng Pilipinas.
1,000 march to BSP to claim ‘hidden wealth’
by Keisha Ta-Asan - May 9, 2024 - 12:00am
Around 1,000 people trooped to the main office of the Bangko Sentral ng Pilipinas in Manila yesterday to claim what they described as P100 trillion in “hidden wealth” supposedly kept in the BSP.
Philippines returns to international dollar bond market
by Keisha Ta-Asan - May 8, 2024 - 12:00am
The Philippines has returned to the international bond market via a dual-tranche US dollar-denominated bond offering, seeking financial support for the state’s budgetary needs.
Inflation up slightly, but still within target
by Keisha Ta-Asan - May 8, 2024 - 12:00am
The rate of increase in the average prices of consumer goods and services typically purchased by Filipinos rose slightly to 3.8 percent in April from 3.7 percent in March, driven by faster increases in food and transport...
P8 billion medical aid OK’d for health workers, poor patients
by Keisha Ta-Asan - May 8, 2024 - 12:00am
An additional P8.005 billion for medical assistance has been approved for release by the Department of Budget and Management.
DOF expects dividends from GOCCs to hit P100 billion
by Keisha Ta-Asan - May 7, 2024 - 12:00am
The Department of Finance is targeting to collect P100 billion in dividends from government-owned or -controlled corporations by the end of the year, according to its top official.
State revenues hit P1.4 trillion in April
by Keisha Ta-Asan - May 7, 2024 - 12:00am
The country generated P1.4 trillion in revenues from January to April as the government ramped up its revenue mobilization efforts, Finance Secretary Ralph Recto said.
Chinabank profit jumps 18 percent to P5.9 billion
by Keisha Ta-Asan - May 7, 2024 - 12:00am
The earnings of China Banking Corp. grew by 18 percent to P5.9 billion in the first quarter from P5 billion in the same period a year ago, driven by sustained expansion of its core business.
‘BSP has room to keep policy settings steady’
by Keisha Ta-Asan - May 7, 2024 - 12:00am
Monetary authorities have room to keep the country’s monetary policy settings steady this month, even if inflation breaches the four percent upper target in April, according to Bangko Sentral ng Pilipinas Governor...
April inflation seen breaching 4 percent target
by Keisha Ta-Asan - May 6, 2024 - 12:00am
Inflation likely picked up and breached the four percent upper target for the first time in five months in April, which will prompt the Bangko Sentral ng Pilipinas (BSP) to keep its hawkish stance, a poll of economists...
Agriculture loans hit P213 billion in 2022
by Keisha Ta-Asan - May 5, 2024 - 12:00am
The share of agriculture loans and services granted by the banking sector picked up to 18.1 percent in 2022 from 17.6 percent in 2021 as the agriculture industry slowly recovered from the COVID pandemic.
Non-banks’ domestic claims up by 15 percent in Q4
by Keisha Ta-Asan - May 4, 2024 - 12:00am
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral...
UnionBank prices SRO at P30.57 per share
by Keisha Ta-Asan - May 4, 2024 - 12:00am
Union Bank of the Philippines has set the price of its stock rights offering at P30.57 per share, below the price range of P33.73 to P38.23 per share it provided a week ago.
BSP tightens rules on reporting threats
by Keisha Ta-Asan - May 4, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is now requiring banks and financial institutions to report any significant incident related to money laundering, terrorism and proliferation financing within 24 hours.
PNB books 10.4% growth in Q1 income
by Keisha Ta-Asan - May 3, 2024 - 12:00am
Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business...
Philippines debt declines to P14.9 trillion in March
by Keisha Ta-Asan - May 3, 2024 - 12:00am
The country’s outstanding debt declined by nearly two percent to P14.93 trillion as of end-March from a record P15.18 trillion a month ago as the government settled its obligations to both local and foreign...
BIR files raps vs firm over P200 milion fake receipts
by Keisha Ta-Asan - May 3, 2024 - 12:00am
The Bureau of Internal Revenue yesterday filed before the Department of Justice criminal charges against the corporate officers and an accountant of a trading company for allegedly using P200 million worth of fake...
68 LGUs now onboard Paleng-QR Ph
by Keisha Ta-Asan - May 2, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has onboarded 68 local government units onto its Paleng-QR Ph Plus program since its launch in 2022, promoting the use of digital payments in public markets, public utility vehicles...
UnionBank income plummets in Q1
by Keisha Ta-Asan - May 2, 2024 - 12:00am
Union Bank of the Philippines booked a net income of P2 billion in the first quarter, down by 41.2 percent from the same period a year ago, as the bank continued to allocate resources toward its takeover of the retail...
Robinsons Bank systems convert into BPI in 18 months
by Keisha Ta-Asan - May 2, 2024 - 12:00am
Bank of the Philippine Islands is looking to convert all branches and systems of Robinsons Bank Corp. in 12 to 18 months, following the merger of the two banks earlier this year.
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