BSP hikes interest rate to 2.25%

THE Monetary Board (MB) decided to raise the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility by 25 basis points (bps) from two percent to 2.25 percent, effective Friday, May 20, 2022.Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 1.75 percent and 2.75 percent, […]

Interest rates, fees on small loans capped

LENDING and financing companies can no longer subject their customers to exorbitant interest rates for loans at will.The Securities and Exchange Commission (SEC) has issued Memorandum Circular 3, series of 2022, capping interest rates and other fees imposed by lending and financing firms, and their online lending platforms, for short-term, small-value loans primarily targeting low-income […]

BSP raises $110B from short-term bills

The Philippine central bank raised P110 billion from its auction of 28-day bills on Friday, with rates falling as the lockdown in Metro Manila was again relaxed. The Bangko Sentral ng Pilipinas (BSP) fully awarded the one-month bills that were oversubscribed, with tenders reaching P148.69 billion. Demand was also higher than the P130.25 billion in […]

EQIFI Launches Suite of the Decentralized Financial Products Powered by a Global, Licenced Bank

Powered by EQIBank, EQIFI’s highly anticipated launch provides a single uniform platform for DeFi products, including fixed- and variable-rate products, interest rate swaps, and a yield aggregator Road Town, British Virgin Islands / SEAPRWire / August 05, 2021 / – EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, […]

EQIFI Launches Suite of Decentralized Financial Products Powered by a Global, Licenced Bank

Powered by EQIBank, EQIFI’s highly anticipated launch provides a single uniform platform for DeFi products, including fixed- and variable-rate products, interest rate swaps, and a yield aggregator Road Town, British Virgin Islands, Aug 5, 2021 – (ACN Newswire via SEAPRWire.com) – EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and […]

Carvajal: Whose national interest?

LAST I looked our national problem is still the dehumanizing poverty of 30 million or so Filipinos. No administration so far, including the current one, has made a substantive dent on this problem because we have always been ruled by politicians who represent the interests of a wealthy and privileged few. This humungous problem includes […]

DouYin Develops Interest E-commerce, Joy Spreader’s Marketing Technology Presents Promising Future

HONG KONG, Apr 13, 2021 – (ACN Newswire via SEAPRWire.com) – On April 8, DouYin E-commerce staged its first Ecosystem Conference in Guangzhou. In the keynote speech, Kang Zeyu, President of DouYin E-commerce, proposed the concept of “interest e-commerce” – a type of e-commerce driven by people’s passion for quality life and aiming to satisfy […]