Philippines
The IFF China Report 2019: Financial deepening, fintech development and green financing
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Philippines joins local currency settlement network
Malaysia, Indonesia and Thailand created system in 2017 to ease reliance on US dollar
Philippines launches inclusion initiative in memory of Espenilla
Late governor honoured in new initiative to help those underserved by financial industry
IMF research supports creation of fiscal responsibility laws
Philippine example highlights flaws in “non-binding” ceiling on budget deficit, author says
Duterte picks government insider to lead Philippine central bank
Surprise choice for central bank chief rattles markets
Philippines governor Espenilla dies after 18 months in office
Career central banker tightened monetary policy and championed payment system reforms
Philippine central bank handed new stability powers and mandate
Act removes money supply and credit as determinants for monetary policy in addition to granting central bank broader supervisory scope
Philippines’ Espenilla on indefinite sick leave
Deputy governors will rotate to perform his duties, central bank says
BoCHK set to secure role for Philippines renminbi clearing
Bilateral settlement gains importance in yuan internationalisation process; race on for Indonesia clearing licence
Asset management: outlook for 2019
Monetary policy divergence, fears over protectionism and ESG are shaping reserve managers’ approach to 2019
Philippines central bank rewarded for aggressive policy action
Soaring inflation slows amid aggressive rate hikes and easing oil prices
Central Bank of the Philippines gets mandate to regulate payment systems
Payment systems could be placed on blacklist if they pose a risk to the financial system
Philippines central bank makes biggest hike of 2018
Central bank raises interest rates by 50bp on the back of mounting inflation pressures
Philippines considers boosting central bank capital
Central bank announces big rise in Q1 income
People: US Senate committee approves two Fed governors
Philippines appoints monetary board member; Cleveland Fed appoints director at Pittsburgh branch
Philippines central bank launches reorganisation
The effort will take 12 months to complete and includes the creation of new functions
Small depositors do not pose greater run risk – BIS paper
Authors say their findings imply financial inclusion need not create instability
Philippines toughens rules on crypto-exchanges
Philippines is one of the few central banks to adopt formal regulations on crypto-asset exchanges
Philippines governor announces recovery from cancer
Espenilla reveals cancer treatment, and says recent policy reforms will not fuel rising inflation
Philippines advances with policy implementation revamp
The Central Bank of the Philippines is looking to cut its reliance on reserve requirements and move towards an interest rate corridor
Philippines central bank on hold, despite surging inflation
January inflation hits three-year high, prompting many to expect a rate hike in the coming months
Philippines admits to circulating ‘faceless’ banknotes
Printing error results in missing portraits on several banknotes; the central bank urges the public not to circulate the images on social media