March 22, 2018, 4:04 am
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Banking And Finance

Crypto-powered PH? Why not, says experts

Global experts  in the field of  cryptocurrency, blockchain  technology and financial  technology believe that the  Philippines is at the cusp of being crypto-powered and could soon be the next fintech hub in Southeast Asia. 

Global growth racing but trade battles threaten diversion

LONDON- The global economy is booming, but with growing political uncertainty and the threat of trade skirmishes after the United States imposed tariffs on steel and aluminum imports, a slowdown may not be far away.

Having the foresight to future-ready the economy

We at the BSP are optimistic.  This optimism is shared.  

BOJ chief brushes aside early stimulus exit

TOKYO- Japan’s central bank chief signaled his readiness to ramp up stimulus if the economic recovery lost steam, in an emphatic pushback against creeping speculation it could tighten the money spigot as other economies dial back crisis-mode policies.

Business confidence index lower

Concerns cited by respondent firms over the  transitory impact on consumer prices with the implementation of the Tax Reform for  Acceleration and Inclusion (TRAIN) Law may have contributed to the lower outlook, although a significant number of businesses surveyed also  mentioned about the positive impact of the tax reform.  

BDO Leasing nets P570M

BDO Leasing and Finance, Inc. (BDO Leasing) registered a net income of  P570 million in 2017, marking a steady performance versus year-ago.

Xi confidant emerges as front runner to head China’s central bank

BEIJING- Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People’s Bank of China (PBOC), according to three sources with knowledge of the situation.

Euro zone inflation slows in Jan

BRUSSELS- Euro zone consumer price growth slowed slightly in January but the core measure closely watched by the European Central Bank edged higher for the first time in months, data from the European Union’s statistics office Eurostat showed on Friday.

MAY ADD PRESSURE ON PESO: BSP cuts banks’ reserve ratio

The Bangko Sentral ng Pilipinas said it was reducing banks’ reserve requirement ratio (RRR) by 1 percentage point beginning March 2, a move that could pump between “P80 to P100 billion” into the economy but put fresh pressure on the peso, which has sunk to near 12-year lows.

Inflation may take a while to stir

LONDON- Global inflation is finally on the rise, the bond market has apparently declared, but the data do not yet point firmly to that conclusion, suggesting the low trend in place since the financial crisis may linger for a while.


Front Page

Column of the Day

Realities of aging

By PHILIP S. CHUA | March 22,2018
‘We no longer have any excuse not to maximize our health and longevity.’

Opinion of the Day

CenterLaw voids Duterte’s decision

By NESTOR MATA | March 22, 2018
‘The Center for International Law (CenterLaw) voids Duterte’s decision to withdraw from the UNCHR and ICC.’