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PH foreign reserves down to $81.05B in December - Rappler;

PH foreign reserves down to $81.05B in December - Rappler

RapplerPH foreign reserves down to $81.05B in DecemberRapplerMANILA, Philippines – The country's gross international reserves (GIR) continued to slide in December 2016, seeing its lowest level since January of that year. Data released by the Bangko Sentral ng Pilipinas (BSP) on Saturday, January 7, showed that ...and more »

Bangko Sentral seen raising rates twice in 2017 - Inquirer.net

Bangko Sentral seen raising rates twice in 2017Inquirer.netThe inflation-targeting Bangko Sentral ng Pilipinas may increase its key interest rates by a total of 50 basis points this year to curb rising inflation, especially with the looming increase in excise taxes, an economist from Citigroup said. Citi ...and more »

BSP issues stricter guidelines for pawnshops - Philippine Star;

BSP issues stricter guidelines for pawnshops - Philippine Star

Philippine StarBSP issues stricter guidelines for pawnshopsPhilippine StarThe Bangko Sentral ng Pilipinas (BSP) has issued stricter guidelines governing pawnshops as the industry plays an important role in building a more inclusive financial system and protecting the welfare of financial consumers. File photo. MANILA ...and more »

BSP issues rules for easier registration of pawnshops - Inquirer.net

BSP issues rules for easier registration of pawnshopsInquirer.netThe Bangko Sentral ng Pilipinas (BSP) has come out with a new supervisory framework for pawnshops that allows for faster registration. This was embodied in Circular No. 938 issued by BSP Governor Amando M. Tetangco Jr. last year. In a statement, the ...and more »

Peso depreciation of 5.35% in '16 at par with regional currencies - Inquirer.net

Peso depreciation of 5.35% in '16 at par with regional currenciesInquirer.netDespite sliding to eight-year lows in the last few months of 2016, the peso's full-year depreciation was at par with most of its regional peers and was less volatile than most currencies, a ranking official of the Bangko Sentral ng Pilipinas (BSP) said.and more »

Laundering blitz targets pawnshops - The Standard

Laundering blitz targets pawnshopsThe StandardBANGKO Sentral ng Pilipinas is requiring would-be pawnshop operators and their business partners to be fully aware of anti-money laundering regulations first before they can operate, a move intended to prevent money laundering activities in the country.and more »

BSP requires pawnshops to secure license to operate - BusinessWorld Online Edition

BSP requires pawnshops to secure license to operateBusinessWorld Online EditionPAWNSHOPS will now have to secure licenses to operate from the Bangko Sentral ng Pilipinas (BSP) under new rules released as 2016 closed. The guidelines -- under Circular 938 posted on the BSP's Web site over the weekend -- require pawnshops to ...and more »

Policy stance will not follow US Fed – BSP chief - Manila Bulletin;

Policy stance will not follow US Fed – BSP chief - Manila Bulletin

Manila BulletinPolicy stance will not follow US Fed – BSP chiefManila BulletinBangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. reiterated that the data-dependent monetary policy stance is still appropriate and there is no need to “adjust in sync” with the US Federal Reserve rates' movements. But, Tetangco ...and more »

Foreign debt service up 21.74% - Manila Bulletin

Foreign debt service up 21.74%Manila BulletinThe public and private sectors paid $5.152 billion in external debt service burden as of end-third quarter last year, higher by 21.74 percent compared to the same period in 2015 of $4.23 billion due in part to the weakness of the peso, the Bangko ...and more »

International reserves miss forecast, but deemed 'adequate' - BusinessWorld Online Edition

International reserves miss forecast, but deemed 'adequate'BusinessWorld Online EditionTHE COUNTRY's foreign reserves slipped in December to hit the lowest in nearly a year, missing the full-year forecast as the central bank actively took part in currency trading and as the government settled external debts, although the level remains ...and more »

Dec forex reserves lowest in 11 months - Philippine Star;

Dec forex reserves lowest in 11 months - Philippine Star

Philippine StarDec forex reserves lowest in 11 monthsPhilippine StarBSP Governor Amando Tetangco Jr. said the country's gross international reserves (GIR) thinned for the third straight month to $81.04 billion in December from the revised $81.45 billion in November. File photo ...and more »

PH economy can take 2017 surprises – Tetangco - Manila Bulletin

PH economy can take 2017 surprises – TetangcoManila BulletinBangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. is confident after 2016's “surreal” events which the economy absorbed, this year's surprises should not prove unsurmountable as well. “Our view is that the economy should be able to ...and more »

Gross international reserves stands at over $81 B at end of 2016 - Manila Bulletin;

Gross international reserves stands at over $81 B at end of 2016 - Manila Bulletin

Manila BulletinGross international reserves stands at over $81 B at end of 2016Manila BulletinThe country's gross international reserves (GIR) ended 2016 with $81.05 billion which was lower than November's $81.45 billion and off the projected $83.7 billion for the full year, the Bangko Sentral ng Pilipinas (BSP) reported Friday. In a statement ...and more »

PHL foreign reserves shrink to $81.05 billion in December - GMA News;

PHL foreign reserves shrink to $81.05 billion in December - GMA News

GMA NewsPHL foreign reserves shrink to $81.05 billion in DecemberGMA NewsThe Philippine gross international reserves (GIR) narrowed down by 5 percent to $81.045 billion as of end-December 2016, from $81.451 billion in November, on the back of the central bank's foreign exchange intervention to protect the peso against the ...and more »