PSE index cuts losses
March 23, 2020
The key Philippine share index cut its losses but still ended lower on Monday. The Philippine Stock Exchange (PSE) index closed at 4,743.37, down 35.29. The index opened down 251.47 points. In the broader market, there were 133 losers, 55
NY Court dismisses RICO claims by Bangaldesh Bank vs Solaire, RCBC and others
March 23, 2020
A New York court dismissed Racketeer Influenced and Corrupt Organizations (RICO) Act claims filed by the Bangladesh Bank against Rizal Commercial Banking Corp., individuals and Philippine firms last March 20. This was announced Monday by Bloomberry Resorts Corp., the parent
PSE index rebounds from Thursday’s fall
March 20, 2020
Philippine shares rallied from its biggest fall in eight years on Thursday as the main index gained 3.3 percent on Friday. The peso finished at P50.97 against the US dollar from P51.1 on Thursday. Volume at the foreign exchange portal
BSP-registered foreign portfolio investment transactions yield net inflows in February
March 20, 2020
BSP-registered foreign portfolio investments for February yielded net inflows of $40 million resulting from the $1.37 billion inflows and US$1.33 billion outflows for the month, the Bangko Sentral ng Pilipinas said Friday. This is a reversal from the recorded net
Monetary Board cuts policy rates by 50 basis points
March 19, 2020
The Monetary Board on Thursday reduced policy rates by 50 basis points to spur the economy as Luzon,the Philippines’ main island, is under enhanced community quarantine. This came after a 25 basis point cut before the 2019 coronavirus disease(COVID-19) gripped
PSE index slumps, triggering temporary halt, ends lower
March 19, 2020
The main Philippine share index slumped on Thursday, after being closed for two days due to the enhanced quarantine imposed by government in Luzon. Despite a 50-basis point rate cut by the Monetary Board, the peso finished at P51.10 against
Joint statement of Bangko Sentral ng Pilipinas and Department of Finance on the operations of Philippine financial markets
March 18, 2020
Based on the recommendation of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF), the Office of the President announced yesterday, March 16, enhanced community quarantine measures for the island of Luzon to address the public health
Primer on BSP Memorandum No. M-2020-008
March 17, 2020
BSP Action on COVID-19 Pandemic The Bangko Sentral recognizes the potential significant impact of the Corona Virus Disease 2019 (COVID-19) to the general public, including the individual and corporate clients and employees of BSP supervised financial institutions (BSFIs). This pandemic
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