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Feb 15 2021 
Remittances dip as OFWs feel the pinch
REMITTANCES slipped by 0.8% in 2020, the first annual contraction in two decades, as some overseas Filipino workers (OFWs) lost their jobs while others tightened their belts amid the pandemic.
Cash remittances coursed through banks stood at $29.903 billion last year, slightly lower than the record $30.133 billion in 2019, according to data released by the…
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Feb 15 2021 
BDO to install more machines for QR code-based use
BDO Unibank Inc. is eyeing to install more upgraded automated teller machine (ATM) terminals this year to allow cardless, QR (quick response) code-based withdrawals.
The Sy-led bank said in a statement on Monday there are over 100 QR-enabled ATMs in Makati currently.
The QR code-based withdrawal is seen to provide a safer way of accessing funds via…
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Feb 15 2021 
BSP seen to keep policy rate, RRR on hold
AFTER a year of aggressive monetary-policy easing, the Bangko Sentral ng Pilipinas (BSP) is expected to hold monetary-policy settings unchanged for the entire 2020, a banking economist said.
Speaking at ING’s Economic Briefing on Monday, ING Bank economist Nicholas Mapa said the Central Bank will likely keep both the main monetary-policy rate and the reserve requirement…
