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+ Follow BOBBY ABOITIZ AND TONY LOZADA Tag
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BOBBY ABOITIZ AND TONY LOZADA
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By Chris Tio | January 11, 2015 - 12:00am
Recommended
Digital banks and fintech companies are pushing back against calls for permanently free fund transfers, saying the Bangko Sentral ng Pilipinas new pricing framework allows financial institutions to charge fees based on the actual cost of providing digital payment services.
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The country’s dollar reserves fell to their lowest level in 18 months as the Bangko Sentral ng Pilipinas (BSP)’s foreign exchange operations and government withdrawals outweighed gains from higher gold valuations.
1 day ago
Inflation is expected to remain elevated in the coming months despite easing for a third straight month in July, keeping pressure on the Bangko Sentral ng Pilipinas (BSP) to further raise interest rates, economists said.
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The Bangko Sentral ng Pilipinas is proposing to require banks, digital lenders and other regulated financial institutions to connect their customer verification systems to the government’s National ID database.
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