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Category: finance

More BSP rate cuts likely ahead, says Fitch unit

MANILA, Philippines – A solid cushion of foreign reserves and an anticipated easing action by the US Federal Reserve (Fed) this month could give the Bangko Sentral ng Pilipinas (BSP) room to front-load further rate cuts, supporting growth without putting too much pressure on the peso. In a note to clients, BMI Research, a unit

SEC warns public vs firm posing as agri goods trader

MANILA, Philippines – The Securities and Exchange Commission (SEC) has warned the public against investing in a newly established business allegedly posing as a farm goods service provider while soliciting investments from the public without the proper registration. It also warned against individuals introducing themselves as representatives of stock brokers. In an advisory posted last