BSP chief warns Congress vs 1-yr loan payment moratorium

The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being deliberated by Congress in response to the COVID-19 pandemic. In a strong statement delivered on Thursday (Aug. 13), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin […]

BSP chief sees no doomsday scenario in PH economy

The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said it was...