Changes to the ASEAN foreign exchange agreement go into effect

[ad_1] CHANGES to the Chiang Mai Initiative Multilateralization Agreement (CMIM) went into effect on Wednesday, allowing members to use their local currencies to support the liquidity of swap agreements should the need arise. The Bangko Sentral ng Pilipinas (BSP) said in a statement Wednesday that the revised CMIM agreement will …

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Bank loans contract for the third consecutive month in February

[ad_1] This illustration shows a Philippine peso banknote from June 2, 2017. – REUTERS / THOMAS WHITE / ILUSTRATION CREDIT from large lenders continued to contract for the third consecutive month in February despite faster liquidity growth, reflecting that risk aversion and subdued demand amid the pandemic. Outstanding loans from …

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MMA: Sangiao will be watching Johnson vs Moraes in silence

[ad_1] ONE Flyweight World Grand Prix winner and 12-time UFC champion Demetrious Johnson will meet six-time ONE flyweight champion Adriano Moraes at the “ONE on TNT” event next Wednesday. When that happens, Team Lakay head coach Mark Sangiao will be watching closely. “Demetrious Johnson’s fight against Adriano Moraes is a …

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