BOP deficit to worsen to $3.1 billion in 2018

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas projected that the balance of payment this year would worsen to $3.1 billion, equivalent to 0.9 percent of gross domestic product due mainly to the projected wider trade deficit as imports would continue to outpace exports.

 

The BSP said the revised BOP projections—from those released in December 2017—incorporates the latest available data and reflect the recent and prospective economic developments, both domestic and global.

 

The current account is seen to post a higher deficit of $3.1 billion, equivalent to 0.9 percent of gross domestic product. This mainly…

Read more: BOP deficit to worsen to $3.1 billion in 2018

 MB okays the adoption of NSFR for U/KBs

 

By Rose de la Cruz

 

Universal and commercial banks (U/KBs) will now have to adopt the Net Table Funding Ratio (NFSR), a measure on the stability of a bank to fund its liquidity needs over one year.

 

This new measure complements the Liquidity Coverage Ration (LCR) which covers a shorter period of over 30 days in which a bank shall hold sufficient high quality liquid assets (HQLAs) that can be easily converted into cash to service their liquidity requirements.

 

Both ratios are aimed at strengthening the ability of banks to withstand liquidity stress and promote resilience…

Read more: MB okays the adoption of NSFR for U/KBs

Lending expands by 19.9% in April

 

By Rose de la Cruz

Bank lending expanded by 19.9 percent in April from 18.5 percent in March. The growth in bank lending inclusive of reverse repurchase placements with the Bangko Sentral ng Pilipinas  accelerated to 19.9 percent in April compared to 18.8 percent in March, according to preliminary data released by BSP.

 

 

On a month-on-month seasonally-adjusted basis, commercial banks net of RRPs and loans inclusive of RRPs increased by 2.2 and 1.2 percent, respectively.

 

Loans for production activities comprised 88.5 percent of banks' aggregate loan portfolio, net of RRP,…

Read more: Lending expands by 19.9% in April

NEDA commits to intensify project monitoring

 

 

By Rose de la Cruz

 

The National Economic and Development Authority committed to intensify its efforts in monitoring and evaluating government activities during a workshop with the World Bank last week.

 
The joint stakeholder evaluation workshop was held in an effort to enhance monitoring and evaluation of programs and projects in the country.


“We need to improve our capability in measuring and evaluating results. That is why there is a serious intention to implement purposive evaluation in the country that would give us evidence-based, results-oriented impact assessment of our activities,” said Socioeconomic Planning Secretary Ernesto M. Pernia.…

Read more: NEDA commits to intensify project monitoring

Council stays vigilant against potential risks to financial market

 

 

By Rose de la Cruz

 

The Financial Stability Coordination Council (FSCC) recently held its quarterly meeting to assess and review potential risks to the continued stability of the Philippine financial market.

 

Launched in February 2014, the FSCC is composed of five government institutions tasked to foster a strong and resilient financial system that supports market innovation and mitigates any build-up of systemic risks. These institutions are the Insurance Commission; National Treasury (for the Department of Finance); Bangko Sentral which chairs the FSCC; Securities and Exchange Commission and the Philippine Deposit Insurance System.

 

The members of…

Read more: Council stays vigilant against potential risks to financial market

Like us in Facebook

Features

Latest News

Empowering MSMEs in Dinagat Island province

  By Rose de la Cruz   Bangko Sentral ng Pilipinas is soon signing a memorandum of agreement with the local officials of the island province of... Read More...
Empowering MSMEs in Dinagat Island province

  By Rose de la Cruz   Bangko Sentral ng Pilipinas is soon signing a memorandum of agreement with the local officials of the island province of... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE PAGIGING MAKABAYAN

KAMAKAILAN ay tumawag ng atensyon ang plano ni Sen. Manny Pacquiao na maghain ng panukalang batas na naglalayon na isama bilang bahagi ng curriculum... Read More...
IMAGE PUTULIN ANG MONOPOLYO NG MERALCO!

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...

Our Guests

Today709
Yesterday743
This week5429
This month16517
Total1055263

Visitor Info

  • Your IP: 54.198.142.121

Who Is Online

26
Online

Sunday, 23 September 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.