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MANILA – The growth normalization of the Philippine economy may be expected by 2022, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Thursday.

Diokno said the third quarter 2020 growth is expected to be better than the -16.5 percent in the second quarter, and 2021 will be a recovery year.

“We expect the economy to bounce…

JazzyPay, a local fintech company, announced its partnership with the Bank of the Philippine Islands (BPI) enabling Filipinos to make secure online payments to essential businesses.

JazzyPay offers an online payment gateway system that allows businesses to collect payments via 27 payment methods, including credit and debit cards, online banking, e-wallets, and over-the-counter cash deposits. The…

BANKS are employing prudential strategies to weather the impact of the coronavirus pandemic, such as reducing exposures to segments deemed vulnerable and cutting operational costs, a report from the Bangko Sentral ng Pilipinas (BSP) said.

“Despite the immense economic disruption following the outbreak of COVID-19, decisive, time-bound and wide-ranging policy responses have helped to prevent a…

Sustainability, green technologies, and energy efficiency have been the agenda of the global community even before the advent of the pandemic. But it seems before others have considered the need to adopt these technologies, the pandemic has already disrupted the world.

But the big question is, “Are we going to allow ourselves to be victims of…

THE Bangko Sentral ng Pilipinas (BSP) said it will begin work this month compiling a credit risk database (CRD) that will help banks more easily evaluate the creditworthiness of small businesses and wean lenders away from requiring excessive collateral cover.

The project is backed by the Japan International Cooperation Agency and will run until 2023, BSP…