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ALIS KUTO AND IWAS DENGUE
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abtest
May 5, 2011 - 12:00am
Recommended
The Bangko Sentral ng Pilipinas is expected to raise its benchmark interest rate to 5.25 percent by year-end as elevated oil prices and peso weakness complicate the inflation outlook, according to Union Bank of the Philippines and ANZ Research.
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Al-Amanah Islamic Investment Bank of the Philippines is looking to expand financing for businesses in the halal industry, particularly micro, small and medium enterprises as the government seeks to tap a rising global market.
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Bank officials and employees found liable for serious violations could face suspension of up to one year for a first offense and removal or disqualification for repeat offenses under the proposed rules of the Bangko Sentral ng Pilipinas.
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Philippine banks’ total assets expanded by 10.7 percent to P30.72 trillion in July from a year earlier, supported by sustained lending and deposit growth, preliminary data from the Bangko Sentral ng Pilipinas showed.
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