As in other countries, the Philippine domestic short-term funding market has experienced signs of strain and volatilities in the latter part of February. Following the virus outbreak, heightened volatility in the domestic financial markets has emerged. Concerns over the outbreak have further weakened global outlook and investment sentiment, resulting in flight to safe-haven assets and temporary increase in risk premium in the local debt markets.
With the brewing tightness in liquidity condition and amid a benign inflation outlook, the BSP has acted swiftly by announcing a series of extraordinary measures to support domestic liquidity. Specifically, the policy rate has been reduced four times in 2020 by a cumulative 175 basis points (bps) to 2.25% — by 25 bps on February 6, and by 50 bps each on March 19, April 16, and June 25. Reserve requirement for commercial banks has also been reduced by 200 bps to 12%, effective April 3, 2020.
هذه القصة مأخوذة من طبعة July 03, 2020 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 03, 2020 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Phi returns to int’l dollar bond market
The Philippines has returned to the international bond market via a dual-tranche US dollar-denominated bond offering, seeking financial support for the state's budgetary needs.
Stonebridge acquires P500 M shares in RCI
Stonebridge Corp. has purchased 250 million shares or approximately nine percent of Roxas and Co. Inc. (RCI) for P500 million.
PLDT takes out P4-B green loan for expansion
Telco leader PLDT Inc. has doubled down on its strategy to acquire sustainable loans as it took out P4 billion in green financing from Metropolitan Bank and Trust Co. to fund its network expansion.
Inflation up slightly, but still within target
April’s 3.8% print beats most forecasts
LAST SHOT AT LAST 8
B-PIER, DYIP IN KO SETTO
Israel captures Gaza side of Rafah crossing
CAIRO (AP) – An Israeli tank brigade seized control yesterday of the Gaza Strip side of the Rafah border crossing with Egypt as Israel moved forward with an offensive in the southern city even as ceasefi re negotiations with Hamas remain on a knife’s edge.
House bill seeks to postpone BSKE anew
A bill seeking to postpone the barangay and Sangguniang Kabataan elections (BSKE) scheduled on Dec. 1 next year has been filed before the House of Representatives.
Abu Sayyaf bandit gets 4 years for financing terrorism
A Zamboanga court has convicted a member of the Abu Sayyaf for three counts of financing terrorism.
BuCor defends Bilibid strip search
The Bureau of Corrections defended yesterday strip searches conducted by BuCor jail guards on the wives of political prisoners during their visit to the New Bilibid Prison (NBP) in Muntinlupa.
MMC eyes adjusting mall hours to ease Metro traffic
With the scheduled rehabilitation of bridges and flyovers along EDSA and other major thoroughfares, a proposal to adjust mall hours is being studied by the Metro Manila Council (MMC) to help ease traffic congestion in the National Capital Region.