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Mar 05 2021 
‘Banks’ credit portfolio quality to worsen’
Credit weakness in the Philippine banking system is likely to continue despite the anticipated economic rebound from the coronavirus pandemic and the implementation of Republic Act 11523, or the “Financial Institutions Strategic Transfer Act” (FIST), according to Fitch Ratings.
In a report on Thursday, Fitch Ratings analysts Tamma Febrian and Willie Tanoto said the New York-based…
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Mar 05 2021 
BSP won’t act on inflation till there’s evidence of second-round effects
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno expressed confidence that the acceleration of prices in February are still supply-side in nature and will likely taper off in the coming months.
In his statement after the Philippine Statistics Authority (PSA) announced on Friday that inflation hit 4.7 percent, the governor said: “The projected upward trend in…
