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Jan 20 2021 
Central bank looking to tighten its watch on lenders’ ownership
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to bring down the threshold for the transfer of shares of stocks that needs its approval to ensure “proper” and “fit” ownership of BSP-supervised financial institutions (BSFIs).
A Jan. 14 version of the draft circular posted on the central bank’s website also moved the authority to approve these…
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Jan 20 2021 
Smart: Digital lifestyle here to stay
The digital trend will persist this year, a ranking official of mobile services provider Smart Communications Inc. and parent PLDT Inc. said, as consumers quickly adapt to digital services for their everyday needs.
Smart President Alfredo S. Panlilio said consumers have already shifted online, and this trend is “here to stay,” making telcos “extremely relevant.”
“It is…
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Jan 20 2021 
PHL banks continue to face credit risks — S&P
EMERGING MARKETS such as the Philippines will continue to face credit risks this year, as the central bank is likely to lift regulatory relief measures and the loan payment moratorium expires, S&P Global Ratings said.
At the same time, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier said they are still looking into asset…
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Jan 20 2021 
PSE, PDS urge Congress to act swiftly on CREATE bill
As the country hopes for an economic rebound this 2021 after taking a hard blow brought by the coronavirus pandemic, the Philippines’ equities and fixed-income exchanges have called on the Congress to swiftly pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) to make the Philippines an attractive investment hub in the region…
