Treasury sells P26-billion in T-bills amid strong demand, low rates
With strong demand and low rates, the Bureau of the Treasury on Monday (June 1) sold P26 billion in T-bills, exceeding the P20-billion offering. The Treasury awarded P7 billion in…
BSP says PH banking system strong enough to withstand pandemic
The country’s banking system is strong enough to withstand the economic downturn caused by the coronavirus pandemic, thanks to the industry’s prudential measures and conservative practices, the central bank said…
BSP chief predicts recession, followed by Q4 recovery and strong 2021
MANILA, Philippines – The Philippines’ top monetary manager expects the local economy the enter a recession over the next six months before recovering in the fourth quarter, and entering an…