Daily Archives

THE Philippine central bank will keep benchmark interest rates low to support economic recovery amid a coronavirus pandemic, its chief said on Wednesday.

The Bangko Sentral ng Pilipinas (BSP) may also cut banks’ reserve requirements further to encourage lending and boost economic activity, Governor Benjamin E. Diokno said.

“It’s never too early at this time because the…

StaySafe.ph said its developer, Multisys Technologies Corp., ensured zero surveillance in the app as the current version now runs without the GPS and Bluetooth-enabled contact tracing features. The developer also enhanced the app’s QR code security to remove possible data exposure.

The software solutions company has also intensified the technical support that it deployed to assist…

The digital financial industry through the Fintech Alliance.PH together with 43 other private business groups in the Philippines express support for the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and push for its quick enactment into law. In a joint statement, the groups urge Congress to prioritize the bill and enact it within…

SENATE President Vicente C. Sotto said he does not see the “necessity” for another stimulus package with the extension of the validity of the second package, known as Bayanihan II, to the end of June.

Mr. Sotto said a sequel to Bayanihan II, known more formally as the Bayanihan to Recover as One Act or Republic…

THE WORST is over for the pandemic-hit Philippine economy, and a “remarkable rebound” is expected this year, the central bank chief said on Tuesday, adding that the current accommodative monetary stance is sufficient for a revival in growth.

At the same time, Moody’s Investors Service raised its growth outlook for the Philippines to 7% this year…