Benjamin E. Diokno

Last updated on 2016-11-18T11:08+0300.

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Benjamin E Diokno said : “Only 14 banks have utilized P534-million loans to qualified large enterprises as an alternative mode of compliance with the reserve requirement,” External link

bworldcom Thursday, July 2, 2020 8:19:00 PM EAT

Benjamin E Diokno said : “The fact is that the economy will recover, but recovering will be uneven. Some sectors may take some time, but others may take quite shortly… Some activities may not be able to take off at this time but there’s some already (that can), maybe about 70% of the economy can move forward,” External link

bworldcom Thursday, July 2, 2020 8:19:00 PM EAT

Benjamin E Diokno said : “The connectivity of the MOS and the NRoSS is the main infrastructure that would allow the issuance to be possible and would make the features of the BSP,” External link

bworldcom Wednesday, July 1, 2020 9:10:00 PM EAT

Benjamin E Diokno said : “The determination of frequency of auction [of BSP issuances] will depend on market conditions,” External link

bworldcom Wednesday, July 1, 2020 9:10:00 PM EAT

Benjamin E Diokno said : “Looking ahead, the BSP will continue to monitor evolving economic and financial conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate,” External link

bworldcom Wednesday, July 1, 2020 1:09:00 PM EAT

Benjamin E Diokno said : “The (inflation) risks are tilted to the downside from 2020 to 2022,” External link

bworldcom Monday, June 29, 2020 4:03:00 PM EAT

Benjamin E Diokno said : “There remains a critical need for continuing measures to bolster economic activity and support financial conditions, especially the effective implementation of interventions to protect human health, boost agricultural productivity and build infrastructure,” External link

bworldcom Sunday, June 28, 2020 9:08:00 PM EAT

Benjamin E Diokno said : “We are willing to talk to all parties involved to clean up this mess,” External link

bworldcom Sunday, June 28, 2020 11:52:00 AM EAT

Benjamin E Diokno said : “Will there be a rate cut in the June to August meeting? We’re looking at it and we’re looking at information,” External link

bworldcom Wednesday, June 24, 2020 8:55:00 PM EAT

Benjamin E Diokno said : “I expect to see some growth in Q4 — agriculture, construction, manufacturing, and public administration,” External link

bworldcom Monday, June 22, 2020 10:12:00 PM EAT

Benjamin E Diokno said : “Will there be a rate cut in the June to August meeting? We’re looking at it and we’re looking at information,” External link

bworldcom Monday, June 22, 2020 10:12:00 PM EAT

Benjamin E Diokno said : “But the real behavior of consumers we don’t know yet… And we’re not even sure what will be the behavior of the motor companies. Maybe they will start selling, maybe focusing on the small cars rather than the big cars. So we are not yet sure,” External link

bworldcom Sunday, June 21, 2020 9:20:00 PM EAT

Benjamin E Diokno said ( about Philippine Islands ) : “None of the missing $2.1 billion of German firm Wirecard entered the Philippine financial system,” External link

bworldcom Sunday, June 21, 2020 9:20:00 PM EAT

Benjamin E Diokno told : “Now, the impact of that on the economy… is that it will slow down GDP by 0.4%. But as you know these numbers are subject to review again because we really don’t know the extent of the pandemic and the what’s the outcome in the host countries,” External link

bworldcom Thursday, June 18, 2020 10:16:00 PM EAT

Benjamin E Diokno said : “The first condition [for this assumption] is that health and economic measures adopted by host countries have gained significant traction. The second condition is that the labor market conditions in the host countries have improved,” External link

bworldcom Thursday, June 18, 2020 10:16:00 PM EAT

Benjamin E Diokno said : “We have promptly monitored the growth of M3 and it has in fact increased significantly in recent months,” External link

bworldcom Tuesday, June 16, 2020 5:30:00 PM EAT

Benjamin E Diokno said : “Although this crisis is different from the others, it’s very important that the financial system is not constricted by the lack of liquidity,” External link

bworldcom Tuesday, June 16, 2020 5:30:00 PM EAT

Benjamin E Diokno said : “We’re confident that there is no threat that the excess liquidity will translate into higher inflation,” External link

bworldcom Tuesday, June 16, 2020 5:30:00 PM EAT

Benjamin E Diokno told : “Please be informed that a complaint was indeed filed on June 3 with the Monetary Board against the directors and officers of a certain bank for alleged violation of provisions of Republic Act (RA) No. 7653 (The New Central Bank), as amended, and RA No. 8791 (The General Banking Law of 2000),” External link

bworldcom Monday, June 15, 2020 9:19:00 PM EAT

Benjamin E Diokno said : “The matter is already with the Investigation and Prosecution Group of the Office of the General Counsel and Legal Services which is now conducting an investigation. Rest be assured that the legal processes will be observed in handling this complaint,” External link

bworldcom Monday, June 15, 2020 9:19:00 PM EAT

Benjamin E Diokno said : “The operative word is ‘encourages’ not ‘mandates,’ BSP is helping the banks so they can help their clients — both individuals and firms” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno said : “The…cuts in the interest rates is meant to help the banks go through this crisis, and in turn, they can help their borrowers — the individuals and the firms — and so we’ll look at the need for it,” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno said : “There’s still an upside risk [to inflation] and that is mainly the price of oil, which as you know the price of oil has collapsed and that explains partly the lower inflation that month (May)… But now, I guess it’s inching up again,” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno said ( about Mekong Delta ) : “The price has also gone up in the world market because many rice producers in the Mekong Delta area were impacted by the heavy rain. We are still monitoring these developments, Of course, we are still monitoring the global reaction to the pandemic [and] how soon the global economy will recover,” “I’m not saying we’re not gonna cut this year or maybe next policy meeting, but we are closely looking at the data” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno told : “The increase in unemployment does not reflect the true state of the economy and the jobs market. It was more a result of the policy decision to save lives in response to the COVID-19 (coronavirus disease 2019) pandemic,” External link

bworldcom Sunday, June 7, 2020 11:55:00 PM EAT

Benjamin E Diokno said : “We, therefore, reiterate our support for carefully coordinated actions with other government authorities as well as pending stimulus bills in Congress aimed at responding to the evolving needs of the economy as it transitions into new economic realities amid the ongoing pandemic,” External link

bworldcom Sunday, June 7, 2020 11:55:00 PM EAT

Benjamin E Diokno told : “Assuming that we get a U-shaped recovery as predicted by many institutions, we can grow by 7-9% next year, then the ‘A’ rating campaign is still on the table, and we hope that would be enough,” External link

bworldcom Friday, June 5, 2020 2:17:00 AM EAT

Benjamin E Diokno told : “The BSP Department of Economic Research projects May inflation to settle within the 1.9% to 2.7% range; the point inflation projection is 2.3%,” External link

bworldcom Friday, May 29, 2020 3:41:00 PM EAT

Benjamin E Diokno said : “I guess it’s better to have it now in anticipation of what might happen if things deteriorate. But at the moment, NPLs (non-performing loans are) very low… But we don’t know whether this pandemic will persist,” External link

bworldcom Friday, May 29, 2020 3:41:00 PM EAT

Benjamin E Diokno said : “The BSP will continue to monitor domestic liquidity and credit dynamics in order to provide support amid significant disruptions to economic activity,” External link

bworldcom Friday, May 29, 2020 3:41:00 PM EAT

Benjamin E Diokno said : “We have revised our end of the year forecast for the GIR (gross international reserves). It would be something like $94 billion, highest ever,” External link

bworldcom Thursday, May 28, 2020 12:56:00 AM EAT

Benjamin E Diokno said : “We’ll also look at some high frequency indicators, in both the supply and demand sides of the economy, which could suggest how the economy is shaping up,” External link

bworldcom Monday, May 25, 2020 10:24:00 PM EAT

Benjamin E Diokno said : “This current wave of revamping of global supply chains opens a window of opportunity for the Philippines to benefit from trade redirection and relocation of production sites,” External link

bworldcom Sunday, May 24, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “Not surprisingly, the Philippines is expected to be among the least affected by the US-China trade tensions. This supports IMF’s view that the country’s low participation in global trade as well as in global value chains relative-to-peers seems to explain why the Philippines has not been negatively impacted by the US-China trade war,” External link

bworldcom Sunday, May 24, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “would require giving incentives for the use of science and technology in health policy decision making. It would require overhauling the health care supply chain,” External link

bworldcom Friday, May 22, 2020 2:12:00 PM EAT

Benjamin E Diokno said : “I guess it’s better to have it now in anticipation of what might happen if things deteriorate. But at the moment, NPLs (non-performing loans are) very low… But we don’t know whether this pandemic will persist,” External link

bworldcom Thursday, May 21, 2020 8:31:00 PM EAT

Benjamin E Diokno said : “We are assuming the worst. But as I said, we have prepared (banks) well. We’re very confident that this will no be as bad as what happened in the Asian Financial crisis because at that time we were unprepared,” External link

bworldcom Thursday, May 21, 2020 8:31:00 PM EAT

Benjamin E Diokno told : “BSP sees no apparent and immediate need to avail of IMF’s short-term liquidity line (SLL)… Structural reforms have helped the Philippines enter the COVID-19 crisis from a position of strength,” External link

bworldcom Tuesday, May 19, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “It is designed to be a liquidity backstop for members with very strong policy frameworks and fundamentals, who face potential, moderate, short-term liquidity needs because of external shocks that generate BoP (balance of payments) difficulties,” External link

bworldcom Tuesday, May 19, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “In case there is a second wave that could mean ‘W-shaped’ recovery, it’s going to be much worse than the revised forecast,” External link

bworldcom Monday, May 18, 2020 10:45:00 PM EAT

Benjamin E Diokno said : “You have to consider that a big chunk of the country is now under modified to general quarantine and so that is a positive for the country, unless there is a deterioration in those hotspots,” External link

bworldcom Monday, May 18, 2020 10:45:00 PM EAT

Benjamin E Diokno said : “I think there is a need for supplemental budget, you cannot just rearrange the budget. There’s not enough room there (budget) for higher spending for this pandemic,” External link

bworldcom Monday, May 18, 2020 10:45:00 PM EAT

Benjamin E Diokno said : “The BSP staff projects that the OFW remittances would shrink by 0.2 to 0.8% from the original three percent growth forecast, hence the revised forecast is a range of 2.2 to 2.8% or a midpoint of 2.5%,” External link

bworldcom Friday, May 15, 2020 7:54:00 PM EAT

Benjamin E Diokno said : “As the government moves into the next phase of the road to the New Economy, it should focus on a quick-disbursing, employment-creating program. It needs a supplemental budget, the size of which can be decided upon by the President with the recommendation of his economic managers,” External link

bworldcom Monday, May 11, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “Emergency employment is quick-disbursing and will have a high multiplier effect. It is pro-poor and egalitarian,” External link

bworldcom Monday, May 11, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “With the manageable inflation environment and stable inflation expectations, we believe that the 125-basis-point (bp) cumulative cut in the policy rate this year is appropriate to buffer the country’s growth momentum and boost market confidence amid stronger headwinds,” External link

bworldcom Friday, May 8, 2020 1:50:00 AM EAT

Benjamin E Diokno said ( about Monetary Policy ) : “Monetary policy works with a lag. Nothing will happen overnight” “There’s a lag of about three quarters as far as historical numbers show. But there’s some movement already,” External link

bworldcom Friday, May 8, 2020 1:50:00 AM EAT

Benjamin E Diokno said : “We are going to borrow money. Fortunately for us, we start from a low debt-to-GDP (gross domestic product) ratio,” “Achieving it (A rating) by 2022 may or may not happen. But as I said we are focused on appropriate policies and necessary reforms to put the economy back into its growth trajectory…,” External link

bworldcom Friday, May 8, 2020 1:50:00 AM EAT

Benjamin E Diokno said : “Clearly, the more benign inflation provides the Monetary Board greater room for easing,” External link

bworldcom Monday, May 4, 2020 9:21:00 PM EAT

Benjamin E Diokno said : “The progressive fall in inflation will continue,” External link

bworldcom Thursday, April 30, 2020 8:31:00 PM EAT

Benjamin E Diokno said ( about Manila Electric ) : “The collapse in oil prices is expected to moderate inflationary pressure coming from higher prices of rice and other food items along with upward adjustment in electricity rates in Meralco (Manila Electric Co.)-serviced areas,” “Looking ahead, BSP will remain watchful of economic and financial developments here and abroad to ensure that monetary policy settings remain consistent with price stability conducive to a balanced and sustainable economic growth,” External link

bworldcom Thursday, April 30, 2020 8:31:00 PM EAT

Benjamin E Diokno said : “The foregoing provisions shall apply until Dec. 31, 2021,” External link

bworldcom Wednesday, April 29, 2020 9:04:00 PM EAT

Benjamin E Diokno said : “we’ll do anything to get us through this crisis, so that’s still in the agenda” External link

bworldcom Tuesday, April 28, 2020 1:00:00 AM EAT

Benjamin E Diokno said : “We’ll do anything to get us through this crisis, so that’s still in the agenda. But right now, as you know monetary policy works with a lag, we will observe how the banking industry will behave,” External link

bworldcom Tuesday, April 28, 2020 1:00:00 AM EAT

Benjamin E Diokno said : “strong recovery in domestic activity and higher liquidity growth,” External link

bworldcom Monday, April 27, 2020 12:00:00 AM EAT

Benjamin E Diokno said : “The COVID-19 pandemic is seen to significantly but temporarily dampen foreign investment flows in the country in 2020,” External link

bworldcom Monday, April 27, 2020 12:00:00 AM EAT

Benjamin E Diokno said : “Fees for these services have been waived by authorized financial institutions during the ECQ period,” External link

bworldcom Wednesday, April 22, 2020 11:35:00 PM EAT

Benjamin E Diokno said : “The BSP’s recent moves are designed to be prospective, given our strong economic fundamentals,” External link

bworldcom Sunday, April 19, 2020 11:12:00 PM EAT

Benjamin E Diokno said : “Is BSP thinking of cutting policy rates and RRR in the near-term? BSP is number-crunching at the moment looking at how the economy will perform, by quarter, under various assumptions knowing how IMF (International Monetary Fund), the WB (World Bank), the ADB (Asian Development Bank) see the global economy perform moving forward,” External link

bworldcom Wednesday, April 15, 2020 7:35:00 PM EAT

Benjamin E Diokno told : “A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

bworldcom Monday, April 13, 2020 11:48:00 PM EAT

Benjamin E Diokno told : “It is now clear that reverting to where we were in 2018 — policy rate at 3.0% — is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

bworldcom Monday, April 13, 2020 12:09:00 AM EAT

Benjamin E Diokno said : “While BSP has cut the policy rate by 150 bps (basis points) since I assumed office last year, the Philippines is now faced with a once-in-a-lifetime crisis. It is now clear that reverting to where we were in 2018 — policy rate at 3.0% — is no longer an appropriate policy goal,” External link

bworldcom Sunday, April 12, 2020 8:59:00 PM EAT

Benjamin E Diokno noted : “These new realities call for bolder but appropriate moves on the part of the BSP. The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

bworldcom Sunday, April 12, 2020 8:59:00 PM EAT

Benjamin E Diokno said : “Owing to the BSP’s adoption of liquidity standards, banks are largely seen to have entered this stress situation in a strong liquidity position, with buffers ready to absorb the recent and coming liquidity shocks,” External link

bworldcom Wednesday, April 8, 2020 9:30:00 PM EAT

Benjamin E Diokno said : “Our forecast before this crisis is that OFW remittances will increase by 3% (in 2020). Now that has been downgraded to 2%,” External link

bworldcom Monday, April 6, 2020 6:14:00 PM EAT

Benjamin E Diokno said : “Of course this crisis is like no other crisis in the past but if you go by our experience, crisis or no crisis, overseas Filipino remittances has been steady,” External link

bworldcom Monday, April 6, 2020 6:14:00 PM EAT

Benjamin E Diokno said : “There’s a downward trend [in inflation]. So how much can we cut? We have a lot of policy space. As you know, the interest rate was increased by 175 basis points (bps) in 2018 and we have only cut it so far 1.5%… So we can still have room for cutting,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “There’s a real risk that there will be a technical recession…I think Q2 and Q3 we might have negative growth…I think we can restart the economy in May so even Q3 may not be negative,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “We’re confident that the economy can take the adjustments,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “Really our concern is the public health issue and then we’ll take care, Secretary of Finance [Carlos G.] Dominguez [III] and myself will take care of the economy and also [Socioeconomic Planning] Secretary Ernesto M. Pernia,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “If necessary, we are willing to cut it to 10%,” External link

bworldcom Sunday, March 29, 2020 10:20:00 PM EAT

Benjamin E Diokno said : “It (the peso) is steady, as you can see now. With…oil prices going down…, we’re benefiting from this. I think we’ll be okay,” External link

bworldcom Sunday, March 22, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “BSP forecasts that the Philippines might grow by 5 to 5.5%, down from 6.5-7.5% original forecast, but still the highest among ASEAN-6 countries,” External link

bworldcom Sunday, March 22, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “The national government should also make sure that its audacious Build, Build, Build program is implemented with little delay. Congress should also approve the Executive’s priority legislation that will improve the attractiveness and competitiveness of the Philippine economy,” External link

bworldcom Sunday, March 22, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “The latest forecasts are (substantially) below the February monetary policy meeting projections…due to lower-than-projected inflation outturns in recent months, a sharp decline in global crude oil prices, and the adverse effects of COVID-19 on global and domestic economic activity,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno added : “The monetary policy easing is also aimed at mitigating the risk of financial sector volatility in light of unfolding global developments by ensuring adequate domestic liquidity and credit in the financial system as well as lowering borrowing costs for affected firms and households,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno added : “The Monetary Board also approved a temporary reduction in the term spread on rediscounting loans relative to the overnight lending rate to zero,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno said : “These supplemental actions may include, but are not limited to, recalibrating the interest rate corridor settings; reducing the reserve requirement ratios (RRR), suspending the term deposit facility (TDF) auctions; and ensuring access to liquidity-enhancing facilities such as the rediscounting windows,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno said : “What’s the impact of the Luzon-wide community isolation on the economy? I don’t know yet. But it will definitely have an impact,” External link

bworldcom Thursday, March 19, 2020 2:53:00 AM EAT

Benjamin E Diokno said : “If it (quarantine) succeeds, the adverse impact will be minimal and we can expect a V-shape recovery; if it fails, the adverse impact can be large and protracted, and the recovery can be an elongated U,” External link

bworldcom Thursday, March 19, 2020 2:53:00 AM EAT

Benjamin E Diokno said : “It will straddle two quarters — two weeks out of 13 weeks in Q1 and another two weeks in Q2,” External link

bworldcom Thursday, March 19, 2020 2:53:00 AM EAT

Benjamin E Diokno said : “I am glad to share that I am well and not manifesting any symptoms, although I also decided to go on self-quarantine as a precautionary measure,” External link

bworldcom Thursday, March 12, 2020 8:12:00 PM EAT

Benjamin E Diokno said : “The fear that Philippine banks will experience bad loans and slower credit growth on account of COVID-19 outbreak is unfounded,” External link

bworldcom Monday, March 9, 2020 9:24:00 PM EAT

Benjamin E Diokno said : “The emergency half-point cut by the Fed matters. The fast-spreading COVID-19 and its likelihood of slowing global growth matters,” External link

bworldcom Friday, March 6, 2020 1:07:00 AM EAT

Benjamin E Diokno said : “The February inflation matters and so with the inflation prospects for the year. All these and more will serve as inputs to the MB’s decision on March 19,” External link

bworldcom Friday, March 6, 2020 1:07:00 AM EAT

Benjamin E Diokno said : “One thing is certain: there will be no off-cycle MB move to cut policy rates,” External link

bworldcom Thursday, March 5, 2020 7:02:00 PM EAT

Benjamin E Diokno told : “Of course there is a window these last few days [for the passage of the amendments]… Medyo tight na ’yung window na yon …But there is another window which is one month — May to June. But we are confident, heavily endorsed naman siya ,” External link

bworldcom Tuesday, March 3, 2020 11:35:00 PM EAT

Benjamin E Diokno told : “At this time, maybe the fiscal stimulus is much more effective than monetary stimulus. Kasi if you’re going to stay at home…then you’re not going to spend money, wala masyadong stimulus d’un (Because if you’re staying at home, then you’re not going to spend money. There will be no stimulus from that end),” External link

bworldcom Monday, March 2, 2020 10:54:00 PM EAT

Benjamin E Diokno said : “The 50 [bps] that I promised last year, we’re done with 25 [bps]. That’s still on the table. And we’re going to meet on March 19. So we’ll see what’s happening,” External link

bworldcom Monday, March 2, 2020 10:54:00 PM EAT

Benjamin E Diokno added : “Let’s do it now habang (while) the whole world is in shambles so that, as I said, when things recover, then we will be stronger,” External link

bworldcom Monday, March 2, 2020 10:54:00 PM EAT

Benjamin E Diokno said : “It’s still on the table. And we’re going to meet on Mar. 19 for policy setting. So we’ll see what’s happening that time,” External link

bworldcom Monday, March 2, 2020 4:47:00 PM EAT

Benjamin E Diokno told : “I’m not totally ruling out an additional cut of more than 25 bps this year. Definitely there will be another 25[-bp cut]. I’m not ruling out [a cut worth] 50 or 75 bps,” External link

bworldcom Thursday, February 27, 2020 8:45:00 PM EAT

Benjamin E Diokno said : “We’re lucky that we have both fiscal and monetary space,” “We might consider additional cuts in reserve requirements or in the…policy rate, but when that will happen, of course that will depend on our assessment of the situation and the conditions” External link

bworldcom Thursday, February 27, 2020 8:45:00 PM EAT

Benjamin E Diokno added : “This is expected to widen opportunities for Muslim Filipinos, including those from the Bangsamoro Region, in accessing banking products and services. This is a great stride in our financial inclusion mandates,” External link

gulf-times Sunday, February 23, 2020 10:46:00 PM EAT

Benjamin E Diokno said : “Uncertainty that may arise from the post-Brexit transition may contribute to a short-term spike in market volatility and risk aversion, which could lead to a temporary flight to safe-haven assets,” External link

bworldcom Tuesday, February 18, 2020 10:00:00 PM EAT

Benjamin E Diokno said : “Since its launch in late 2019, nine government agencies and three banks are now participants to the EGov Pay Facility,” External link

bworldcom Sunday, February 16, 2020 10:08:00 PM EAT

Benjamin E Diokno said : “Our target is maybe second quarter or second half of the year,” “At the moment, I don’t see the need for monetary easing other than what we have done,” External link

bworldcom Friday, February 14, 2020 8:56:00 PM EAT

Benjamin E Diokno said : “We think only the first two quarters will be affected,” External link

bworldcom Friday, February 7, 2020 1:03:00 AM EAT

Benjamin E Diokno said : “Loans for production activities continued to be driven by lending to key sectors such as real estate activities; financial and insurance activities; electricity, gas, steam and air conditioning supply; construction; and information and communication,” External link

bworldcom Wednesday, February 5, 2020 6:22:00 PM EAT

Benjamin E Diokno said : “The BSP and BI have yet to consider specific projects under the MoU,” External link

bworldcom Tuesday, February 4, 2020 11:48:00 PM EAT

Benjamin E Diokno said : “So our estimate is it’s between P4.3 billion to P6.7 billion. The total economic GDP is around P20 trillion,” “The impact of the eruption could result in the slightly lower growth of output in the [Calabarzon] Region for the first quarter of 2020” External link

bworldcom Thursday, January 30, 2020 8:39:00 PM EAT

Benjamin E Diokno said : “I think unlike the previous incidents, the Chinese government is in a better position to contain it and I think it’s less fatal,” External link

bworldcom Thursday, January 30, 2020 8:39:00 PM EAT

Benjamin E Diokno said : “Maybe not as aggressive as last year because we are in a very nice place right now. We have low unemployment… I’m optimistic that the economy [will grow] between 6.5-7% this year and we even have an inclusive growth. As you can see, the data says that in 2015, the poverty incidence was around 23.3%… Now it’s down to 16.6% in 2018,” External link

bworldcom Tuesday, January 28, 2020 1:13:00 AM EAT

Benjamin E Diokno said ( about Severe Acute Respiratory Syndrome ) : “Lockdown na rin ’yung province (The province where it originated from [Wuhan] has been locked down), so as long as we don’t get those people, okay lang tayo (we are okay). At saka this is less severe than SARS (Severe Acute Respiratory Syndrome)… Don’t scare yourself. But avoid travelling,” External link

bworldcom Monday, January 27, 2020 12:48:00 AM EAT

Benjamin E Diokno said : “Inflation slowed down slightly during the quarter due mainly to lower food and non-food inflation,” External link

bworldcom Friday, January 24, 2020 6:08:00 PM EAT

Benjamin E Diokno said : “The actionable information that we share with each is important in supporting financial investigations,” External link

bworldcom Wednesday, January 22, 2020 9:43:00 PM EAT

Benjamin E Diokno said : “We will have a soft launching by first quarter and we will launch it formally in the second quarter this year,” External link

bworldcom Sunday, January 19, 2020 7:49:00 PM EAT

Benjamin E Diokno said : “Am I happy? Of course not” External link

bworldcom Sunday, January 12, 2020 10:33:00 PM EAT

Benjamin E Diokno said : “So we are looking at the numbers and what we mean by financial inclusion. Is it individuals or is it households. But at the same time, we have our own programs,” External link

bworldcom Sunday, January 12, 2020 10:33:00 PM EAT

Benjamin E Diokno said ( about Rodrigo R Duterte ) : “During the first years of (President Rodrigo R.) Duterte, FDI was around $10 billion… Last year nag-slowdown ‘yan (it slowed down). I think we can attribute that to the CITIRA uncertainty…,” External link

bworldcom Friday, January 10, 2020 9:06:00 PM EAT

Benjamin E Diokno said : “NFA position increased during the month, supported by foreign exchange inflows coming mainly from overseas Filipinos’ remittances and business process outsourcing receipts,” External link

bworldcom Thursday, January 9, 2020 1:57:00 AM EAT

Benjamin E Diokno said ( about Rodrigo R Duterte ) : “During the first years of (President Rodrigo R.) Duterte, FDI was around $10 billion… Last year nag- slowdown ‘yan (it slowed down). I think we can attribute that to the CITIRA uncertainty…,” External link

bworldcom Tuesday, January 7, 2020 7:32:00 PM EAT

Benjamin E Diokno said : “I am confident that the quality of life of Filipinos will further improve this year. Economic growth will be faster. Inflation will continue to be subdued and on target,” External link

bworldcom Tuesday, January 7, 2020 7:32:00 PM EAT

Benjamin E Diokno said : “We’re transparent. We want the investors and businessmen to be able to pick it so we provide forward guidance,” External link

bworldcom Thursday, December 19, 2019 6:04:00 AM EAT

Benjamin E Diokno said : “But on the interest rates at least 50 bps for next year. Kasi (Because) remember we have to raise interest rates by 175 bps [in 2018],” “But we’re observing what the other central banks are doing. Eh parang cutting pa rin (It looks like they’re still cutting)… so babantayan natin (we will observe)… but at the moment, we are comfortable where we are,” External link

bworldcom Thursday, December 19, 2019 1:12:00 AM EAT

Benjamin E Diokno added : “These design elements put emphasis on the cultural and historical significance of coins to Philippine society,” External link

bworldcom Wednesday, December 18, 2019 12:50:00 AM EAT

Benjamin E Diokno said : “Sustained policy support from increased fiscal spending, as well as improved liquidity conditions owing to recent monetary adjustments, is… expected to support growth in the coming months,” External link

bworldcom Friday, December 13, 2019 2:21:00 AM EAT

Benjamin E Diokno told : “It will not [affect inflation]. Walang (There will be no) impact sa (on) inflation,” External link

bworldcom Sunday, December 8, 2019 12:26:00 PM EAT

Benjamin E Diokno told : “Monetary policy works with lag so ‘di pa namin nakikita yung impact ng ginawa naming rapid fire, 75 basis points (bps) [of key interest rate cuts] tapos 400 basis points dun sa RRR (reserve requirement ratio). (we have yet to see the impact of the rapid fire easing we’ve done — 75 bps in key interest rate cuts and 400 bps in RRR reductions),” External link

bworldcom Saturday, December 7, 2019 11:55:00 PM EAT

Benjamin E Diokno added : “Siguro we’ll look at December and then maybe early January mare- resume namin ‘yung monetary easing,” External link

bworldcom Wednesday, December 4, 2019 7:07:00 PM EAT

Benjamin E Diokno said : “As you can see, both usage and value increased indicating that it is not only being used more frequently, but also, it is trusted with bigger values,” External link

bworldcom Tuesday, December 3, 2019 3:45:00 PM EAT

Benjamin E Diokno said : “There would be many cases… Taxpayers paying BIR, merchants, government giving grants to 4Ps (Pantawid Pamilyang Pilipino Program), that will also be electronic. The private sector buys [through e-payments…] also with the transport system… You can now pay tricycle in QR or jeepney with your QR code…,” External link

bworldcom Tuesday, December 3, 2019 3:45:00 PM EAT

Benjamin E Diokno said : “In particular, a number of banks have put up Sustainable Energy Finance Desks, which serve as a point of contact in evaluating and monitoring sustainable energy projects. These encourage enterprises to engage in renewable energy projects,” External link

bworldcom Tuesday, October 29, 2019 9:27:00 PM EAT

Benjamin E Diokno said : “We will print the ID at less than $1 per piece — 60 cents to be exact. We will provide the needed equipment and space for the embedding of personal information onto the blank cards, which will be done by the PSA,” External link

bworldcom Monday, October 21, 2019 10:13:00 PM EAT

Benjamin E Diokno explained : “We will print the ID at less than $1 a piece — 60 cents to be exact. We will provide the needed equipment and space for the embedding of personal information onto the blank cards, which will be done by the PSA,” External link

bworldcom Monday, October 21, 2019 2:09:00 AM EAT

Benjamin E Diokno said : “The journey for a national ID for the Philippines started 30 years ago. But it failed to pass one Congress after another. Finally last year, the Philippine ID System Act was passed last year,” External link

bworldcom Monday, October 21, 2019 2:09:00 AM EAT

Benjamin E Diokno said : “Very expensive ‘yung P20 kasi after six months wala na eh. Papalitan mo na agad. ‘Yun ang pinakamaraming paper bills actually na pini- print (The P20 bill is expensive because they are usually unfit for circulation after six months. You have to phase them out already. This is the bill that we print the most),” External link

bworldcom Monday, October 14, 2019 7:27:00 PM EAT

Benjamin E Diokno told : “It will elevate our status as far as anti-money laundering is concerned if we can have that passed… hopefully within the year or first quarter of next year. That is a major reform that has been talked about for the past three decades so sana matapos (hopefully this will be enacted),” External link

bworldcom Sunday, October 13, 2019 8:34:00 PM EAT

Benjamin E Diokno told : “Maybe that’s partly due to the slowdown in the global economy. Secondly, also the uncertainty on the second package of the tax reform. I think many investors have adopted a wait-and-see policy,” External link

bworldcom Friday, October 11, 2019 4:39:00 PM EAT

Benjamin E Diokno said : “The sooner we act on that [finality of CITIRA], then the sooner the investors can make up their mind whether to enter or exit [the country],” External link

bworldcom Friday, October 11, 2019 4:39:00 PM EAT

Benjamin E Diokno explained : “This gives us more confidence that average inflation would be in the neighborhood of 2% in Q3 before it would increase slightly in Q4,” “The Monetary Board will definitely take note of this positive development in its next policy meeting on Sept. 26” External link

bworldcom Thursday, September 5, 2019 8:04:00 PM EAT

Benjamin E Diokno replied : “Anything can happen… It’s a live issue” External link

bworldcom Tuesday, August 27, 2019 8:13:00 PM EAT

Benjamin E Diokno said : “Right now we’re facing headwinds externally. There’s the US-China trade war, there’s now increasing consensus that US will enter a recession, Germany is already in recession, UK is in recession,” External link

bworldcom Tuesday, August 27, 2019 1:50:00 AM EAT

Benjamin E Diokno said : “have limited business capacity and financial management skills to capably meet loan requirements,” “In addition, they have limited knowledge of alternative modes of financing” External link

bworldcom Sunday, August 18, 2019 8:52:00 PM EAT

Benjamin E Diokno said : “The introduction of updated and more flexible provisions in these laws would help MSMEs — especially those that are agriculture-related — to gain access to credit, leverage innovative models, and induce banks to venture into MSME and agriculture financing with better terms and standards for compliance,” External link

bworldcom Sunday, August 18, 2019 8:52:00 PM EAT

Benjamin E Diokno said : “The consensus of Monetary Board (MB) members is we will pre-announce on a quarterly basis,” External link

bworldcom Tuesday, August 13, 2019 8:13:00 PM EAT

Benjamin E Diokno said : “Nothing yet. Wala pang nangyayari (Nothing’s happening)” External link

bworldcom Tuesday, August 13, 2019 8:13:00 PM EAT

Benjamin E Diokno said : “Possible slowdown, in fact, some predicted recession in the US… this is for 2020-2021. Tapos ’yung oil prices ngayon bagsak na naman Tapos ’yung likely outcome US-China trade war. Tapos isasama mo na rin diyan ‘yung what’s happening in Hong Kong (Oil prices have gone down again. Then the likely outcome of the US-China trade war and what’s happening in Hong Kong)” External link

bworldcom Tuesday, August 13, 2019 8:13:00 PM EAT

Benjamin E Diokno announced : “Inflation remains likely to stay within the inflation rates target of 2%-4% for 2019 to 2021,” External link

bworldcom Sunday, August 11, 2019 5:42:00 PM EAT

Benjamin E Diokno said : “The triple R cut can start next month. We will have a meeting in the next six weeks from now. And we’re going to discuss another possible 25-basis-point cut,” External link

bworldcom Sunday, August 11, 2019 1:03:00 PM EAT

Benjamin E Diokno said : “we are convinced that we still have to cut it” External link

bworldcom Sunday, August 11, 2019 1:03:00 PM EAT

Benjamin E Diokno said : “The public can expect a cut within the next few weeks,” External link

bworldcom Friday, August 9, 2019 11:05:00 PM EAT

Benjamin E Diokno said : “we are convinced that we still have to cut it” External link

bworldcom Friday, August 9, 2019 11:05:00 PM EAT

Benjamin E Diokno said : “Moreover, the risks to the inflation outlook continue to be seen as broadly balanced for 2019 and 2020, while they are seen to tilt to the downside for 2021. Weaker global economic prospects continue to temper the inflation outlook. The potential adverse effects of a prolonged El Niño episode to inflation have subsided,” External link

bworldcom Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin E Diokno said : “Prospects for global economic activity are likely to remain weak amid sustained trade tensions among major economies,” External link

bworldcom Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin E Diokno said : “Third quarter na tayo , so baka below two pa nga ‘yan because of the base effects (We’re in the third quarter, so it might settle below two percent because of the base effects),” External link

bworldcom Wednesday, July 24, 2019 7:07:00 PM EAT

Benjamin E Diokno said : “Third quarter na tayo , so baka below two pa nga ‘yan because of the base effects (We’re in the third quarter, so it might settle below two percent because of the base effects),” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “Unless magkaroon ng (there is) severe El Niño, I don’t think magi- increase ‘yung (there will be an increase in the) price of food,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “For example, you are funding a solar power project for agriculture, pwede na iyon (it might qualify)… (or) if you issue a bond to support a particular agricultural region,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “The banks are complaining that the Agri Agra (rules) are too onerous to comply. Other banks would rather pay the penalty than lend,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “We are filing a bill, we call it Agriculture Modernization Financing, no longer Agri-Agra. We will combine the two — 10% plus 15%, total 25%. Combine the two and then we will broaden the kind of projects that will be compliant. We’re very sensitive to this. I keep saying this: Agriculture is the weakest link. We need a new Agriculture Secretary. Agriculture in Erap’s term used to grow by 6.5%. Now it is only growing at 0.5%. We really need to focus on agriculture,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno added : “These things are very dynamic. In five years time, we will probably reach 50%,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said ( about Association ) : “The day will come when you can use your QR code to pay your jeepney ride, the tricycle… That’s within my term,” “We central bankers talk to each other. One thing that is along this line is we want to have a payment system that is interoperable among the ASEAN (Association of Southeast Asian Nations) members… We will be working on a system,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “Even in India, it is widely used. You can give alms to the beggar using your cellphone. The beggar has his own QR code there. Things are so dynamic and this is going to be very very useful with respect to our OFWs (overseas Filipino workers). Remittance cost is still high,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “that’s still under deliberation by the Monetary Board” External link

pna Wednesday, July 17, 2019 3:07:00 PM EAT

Benjamin E Diokno said : “That (gives) out, to me (and) the entire world more policy space for cutting,” External link

bworldcom Monday, July 15, 2019 12:37:00 AM EAT

Benjamin E Diokno said : “From this position of strength, the BSP remains committed to continually upholding the highest standard of excellence in crafting policies to maintain price stability, promote a strong financial system and foster a safe and efficient payments and settlements system,” “The ability of the BSP to deliver on its mandates depends significantly not only on its commitment but also on its credibility supported by its dynamic engagement with its stakeholders… But without credibility, central banks resort to more traditional, aggressive and often costly actions to achieve the same result. Thus, by establishing and maintaining consistent engagement with our partners, the BSP is able to capture the sentiment of its stakeholders, which helps us formulate and calibrate effective monetary policies,” External link

bworldcom Wednesday, July 10, 2019 6:35:00 PM EAT

Benjamin E Diokno said : “Looking ahead, the BSP will remain watchful of evolving price trends to ensure that the monetary policy stance remains consistent with the BSP’s price stability objective while being supportive of economic growth,” External link

bworldcom Friday, July 5, 2019 5:36:00 PM EAT

Benjamin E Diokno said : “To me — I’ve seen many administrations — the best time to change the charter is during the first half of your term, not during the second half,” External link

bworldcom Thursday, July 4, 2019 9:37:00 PM EAT

Benjamin E Diokno said : “Do you know the most successful federal governments are those where the states are powerful in the first place,” External link

bworldcom Thursday, July 4, 2019 9:37:00 PM EAT

Benjamin E Diokno said : “This means that the names and signatures therein are raised and embossed for tactile feel,” External link

bworldcom Wednesday, July 3, 2019 7:41:00 PM EAT

Benjamin E Diokno told : “There was a time na undersubscribed siya (when the TDF was undersubscribed). Don’t worry too much. Mga blip lang yan (Those are just blips). The economy is growing much faster,” External link

bworldcom Wednesday, July 3, 2019 7:41:00 PM EAT

Benjamin E Diokno said : “supported by a projected recovery in household spending and the continued implementation of the government’s infrastructure spending program,” External link

bworldcom Friday, June 21, 2019 12:00:00 AM EAT

Benjamin E Diokno added : “A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July,” External link

bworldcom Friday, June 21, 2019 12:00:00 AM EAT

Benjamin E Diokno said : “price stability, a sound external payments position, financial stability, and an efficient payment system,” External link

bworldcom Wednesday, June 19, 2019 11:13:00 PM EAT

Benjamin E Diokno said : “minimize external risk and provide resilience to shocks to the economy. This will help support an enabling environment conducive to economic growth and in turn investment opportunities,” External link

bworldcom Wednesday, June 19, 2019 11:13:00 PM EAT

Benjamin E Diokno said : “We stand ready to support the government’s efforts to further fuel FDI so that pursuing business opportunities in the Philippines will be mutually beneficial for investors and the domestic economy,” External link

bworldcom Wednesday, June 19, 2019 11:13:00 PM EAT

Benjamin E Diokno said : “Actually, maraming idle na dollars kami ngayon Hindi namin nagagastos (We have a lot of idle dollars we’re not spending),” External link

bworldcom Tuesday, June 18, 2019 4:37:00 PM EAT

Benjamin E Diokno said : “But while the external environment is challenging, I am cautiously optimistic about the current state of the Philippine economy,” External link

manilametro Tuesday, June 11, 2019 5:38:00 AM EAT

Benjamin E Diokno said : “There was no direct imposition against the Philippines in terms of the country’s exposure to the products imposed with tit-for-tat measures between the US and China. But the extent of the impact would depend on the industries affected,” External link

manilametro Tuesday, June 11, 2019 5:38:00 AM EAT

Benjamin E Diokno said : “But while the external environment is challenging, I am cautiously optimistic about the current state of the Philippine economy,” External link

bworldcom Friday, June 7, 2019 8:41:00 PM EAT

Benjamin E Diokno said : “There was no direct imposition against the Philippines in terms of the country’s exposure to the products imposed with tit-for-tat measures between the US and China. But the extent of the impact would depend on the industries affected,” External link

bworldcom Friday, June 7, 2019 8:41:00 PM EAT

Benjamin E Diokno said : “The 3.2% inflation rate in May cannot be viewed as a reversal of the six months of progressive decline of inflation rates prior to the May number. One data point does not constitute a trend. That’s elementary. We are confident that the average inflation rate in the third quarter would be in the neighborhood of 2% because of base effects, declining world oil prices and the appreciating peso,” External link

bworldcom Thursday, June 6, 2019 6:37:00 PM EAT

Benjamin E Diokno said : “Proper use will encourage further cuts and speculation will do otherwise,” External link

bworldcom Friday, May 31, 2019 6:43:00 PM EAT

Benjamin E Diokno said : “We worked against the backdrop of an anticipated global growth moderation. We agreed on a number of possible interventions, from shorter term initiatives to our longer term goals. This leaves us with a road map geared towards sustaining market resiliency,” External link

bworldcom Tuesday, May 28, 2019 10:38:00 PM EAT

Benjamin E Diokno said : “For thrift banks, the RRR cut was by 200 bps from eight percent to six percent… : 100 bps effective May 31… 50 bps effective June 28… and 50 bps effective July 26…,” “For rural and cooperative banks, the RRR was cut by 100 bps from five percent to four percent, effective May 31… The BSP will issue the necessary circular shortly” External link

bworldcom Thursday, May 23, 2019 9:29:00 PM EAT

Benjamin E Diokno told : “closely look at how banks will use funds freed up by RRR cut,” External link

bworldcom Friday, May 17, 2019 4:17:00 PM EAT

Benjamin E Diokno told : “to reduce speculation and allow bankers to prepare,” External link

bworldcom Friday, May 17, 2019 4:17:00 PM EAT

Benjamin E Diokno told : “The Monetary Board decided today to reduce the RRR by 200 bps — from 18% to 16% — to be implemented in three stages: 100bps effective May 31, 50bps effective June 28 and 50bps effective July 26,” External link

bworldcom Friday, May 17, 2019 2:28:00 AM EAT

Benjamin E Diokno said : “I think the (rating upgrade) is another factor that we can now move faster this time,” External link

bworldcom Monday, May 6, 2019 1:33:00 AM EAT

Benjamin E Diokno noted : “It is inevitable that we will have to cut both the reserve requirement ratio and the interest rate,” “We’re starting from the previous year’s 175-point increase. That’s not normal” External link

bworldcom Monday, May 6, 2019 1:33:00 AM EAT

Benjamin E Diokno explained : “It’s an election year. (Also), even if there’s not much construction, there’s what we call accounts payable or the payment for things we’ve done before. Private investment is quite active,” External link

bworldcom Friday, May 3, 2019 3:42:00 PM EAT

Benjamin E Diokno said : “Over the years, the BSP has remained committed to its price and financial stability mandates, providing an enabling environment for the economy to flourish. Armed with a new charter that strengthens its ability to carry out its primary mandate of price stability and supervise the banking sector, the BSP will continue to lend support to the economic development goals of the country,” External link

bworldcom Tuesday, April 30, 2019 10:48:00 PM EAT

Benjamin E Diokno said : “The BSP knows that further risks can emerge from prolonged El Niño weather condition and higher-than-expected global oil and food prices. For 2020, the risks lean toward the downside amid a slowdown in global economic activity,” External link

bworldcom Sunday, April 28, 2019 7:43:00 PM EAT

Benjamin E Diokno added : “Thus, the BSP will remain data-driven at all times in our policy decision-making and our actions will be determined by our inflation outlook. The BSP remains focused on safeguarding and promoting price stability conducive to a balanced and sustainable economic growth,” External link

bworldcom Sunday, April 28, 2019 7:43:00 PM EAT

Benjamin E Diokno said : “We’re considering it. I’m sure that will be on the agenda in the next policy meeting,” External link

bworldcom Sunday, April 28, 2019 7:43:00 PM EAT

Benjamin E Diokno said : “The BSP knows that further risks can emerge from prolonged El Niño weather condition and higher than expected increasing global oil and food prices. For 2020, the risks lean toward the downside amid slowdown in global economic activity,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno added : “Thus, the BSP will remain data-driven at all times in our policy decision-making and our actions will be determined by our inflation outlook. The BSP remains focused on safeguarding and promoting price stability conducive to a balanced and sustainable economic growth,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno said : “On balance, therefore, our prevailing monetary policy stance remains appropriate, given the confluence of easing inflation and firm growth dynamics. The BSP continues to gauge the impact of its monetary policy responses on domestic economic conditions to ensure that inflation remains on track toward the government’s target of 2-4% and that inflation expectations remain anchored,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno added : “The BSP will continue to provide an enabling environment for sustainable, robust, and more inclusive economic growth by staying committed to its price and financial stability mandates,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno said : “It’s a question of timing which will be first, the rates cut or the cut in the reserve ratio,” External link

bworldcom Sunday, April 14, 2019 8:56:00 PM EAT

Benjamin E Diokno said : “We’re considering it. I’m sure that will be on the agenda in the next policy meeting,” External link

bworldcom Sunday, April 14, 2019 8:56:00 PM EAT

Benjamin E Diokno said : “We’re considering it. I’m sure that will be on the agenda in the next policy meeting,” External link

bworldcom Friday, April 12, 2019 7:44:00 PM EAT

Benjamin E Diokno said : “We increased interest rates by 175 bps last year. Now that inflation has normalized, I think there’s room for some easing or relaxation,” External link

bworldcom Friday, April 12, 2019 7:44:00 PM EAT

Benjamin E Diokno said : “It’s not a matter of whether we will cut, but it’s a case of when or the timing” External link

bworldcom Friday, April 12, 2019 7:44:00 PM EAT

Benjamin E Diokno said : “Against this backdrop, the BSP will continue to keep a close watch over price developments in the country and shall consider all relevant information at its next monetary policy meeting on May 9 to ensure that the monetary policy stance remains consistent with the BSP’s primary mandate of price stability,” External link

bworldcom Friday, April 5, 2019 6:23:00 PM EAT

Benjamin E Diokno said : “Global markets were turbulent when we closed 2018 and there are new developments at the start of 2019 that could affect financial markets,” External link

pna Thursday, March 14, 2019 9:05:00 AM EAT

Benjamin E Diokno said : “Given the decelerating inflation in the Philippines, there’s an opportunity for monetary easing but as I’ve said, that would be dependent on the data that will be given to us by our technical staff,” External link

bworldcom Monday, March 11, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “Given the decelerating inflation in the Philippines, there’s an opportunity for monetary easing but as I’ve said, that would be dependent on the data that will be given to us by our technical staff,” External link

bworldcom Friday, March 8, 2019 9:19:00 PM EAT

Benjamin E Diokno said : “Policy ‘yun ni (That’s a policy of) Nesting. Mataas talaga ‘yun (The current RRR is really high),” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “As you can see, inflation last month was [at] 3.8%. It breached all the consensus. It shows a declining pattern,” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “I said any of the DGs (BSP deputy governors) can be considered. Don’t appoint a banker,” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno told : “We can expedite the…reduction in the reserve requirement… Mataas talaga iyon (that’s high),” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “Policy statements will be evidence-based and it should be the outcome of deliberations by the seven-man Monetary Board,” External link

bworldcom Wednesday, March 6, 2019 12:21:00 AM EAT

Benjamin E Diokno said : “The content and form of the budget is an executive decision,” External link

bworldcom Wednesday, February 20, 2019 11:43:00 PM EAT

Benjamin E Diokno told : “Legislators should not pressure the President on how he will exercise his constitutional duty,” External link

manilametro Thursday, February 14, 2019 2:00:00 PM EAT

Benjamin E Diokno said : “We recognize that there’s a forthcoming election, there will be an election ban. Fortunately, foreign-assisted projects are not covered by the ban,” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno added : “There are a lot of foreign-assisted projects. The train from Davao is ongoing,” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno said : “I think what is needed is a detailed list of projects, not blanket authority (from the Comelec),” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno said : “Let’s wait, it could either lapse into law or the President will sign it. But certainly, a veto is not possible. I’m confident,” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno told : “Legislators should not pressure the President on how he will exercise his constitutional duty,” External link

bworldcom Sunday, February 10, 2019 8:56:00 PM EAT

Benjamin E Diokno said : “Whatever is the real purpose of the House in calling me, I will appear in Congress. However, I take my duty to the people very seriously,” “It is only right that we prepare in order to give the Filipino people a complete and clear picture of the matter, and avoid giving information that only suits a specific agenda. We are definitely cooperating but it is imperative that we be given the proper amount of time to prepare,” External link

bworldcom Friday, February 8, 2019 7:15:00 PM EAT

Benjamin E Diokno said ( about Commission ) : “We are ready to submit a memo to the President to ask Comelec (Commission on Elections) to exempt… at least the 75 major projects so that there will be little disruption in our ‘Build, Build, Build’ program. We’re unanimous on that,” External link

bworldcom Thursday, January 31, 2019 1:39:00 AM EAT

Benjamin E Diokno said : “We have yet to receive the order and we will answer at the right time” External link

bworldcom Tuesday, January 29, 2019 8:50:00 PM EAT

Benjamin E Diokno said : “We welcome it so that the issue will be solved once and for all. There’s a difference in his interpretation… to them it’s a mandamus case,” “We have to wait for the passage of the 2019 General Appropriations Act. (GAA) Otherwise, we do not have legal basis for the implementation of the fourth tranche,” External link

bworldcom Monday, January 14, 2019 8:20:00 PM EAT

Benjamin E Diokno said : “As far as I can remember, they just ran out of time. There are some agencies that have not discussed budgets on the floor. There are six agencies remaining, and I don’t see any big problems along the way. It’s just a matter of time,” External link

bworldcom Monday, January 14, 2019 8:20:00 PM EAT

Benjamin E Diokno said : “We have an expansionary fiscal policy so we can upgrade our public infrastructure, as well as provide our people with quality and accessible healthcare, education, and poverty-reduction programs. With the pace of public spending, it is clear that the government is following through with its ambitious plans, especially ‘Build Build Build’,” External link

bworldcom Friday, January 11, 2019 2:38:00 AM EAT

Benjamin E Diokno said : “In fact that’s one of the fastest growth rates in this part of the world, especially since the World Bank and the IMF are forecasting a global slowdown because of the trade war with China. It’s still early in the game for a downward adjustment. So were optimistic that we will still hit our seven percent,” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said ( about Rodrigo R Duterte ) : “Infrastructure spending surged to 6.3% of GDP in 2017 and is projected to hit 6.2% of GDP in 2018, almost tripling the average two percent of GDP spent from 1986 to 2016. This is in line with the Duterte administration’s target of increasing infrastructure spending to more than 7% of GDP by 2022,” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “As long as the Senate and the House act on the budget, then we’ll probably hit it. The 2018 budget was extended [since Congress has yet to ratify the proposed P3.757-trillion 2019 national budget]. There were some appropriations released but have yet to be obligated, so that will help,” “And depending also on the speed on how we contract our foreign loans, so I’m optimistic that we’ll hit the target for this year” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “The best time to build is during the first six moths of the year, but depending on the weather pattern. But with climate change hindi mo na alam kung ano ang tagulan… (we no longer know when to expect rains) so if we miss that, we can still make up kung walang (if there are no) major typhoons. Some major projects are not susceptible to the weather,” “This fast-tracked spending performance addresses the country’s under-investment in infrastructure, which has severely dragged the Philippines’ economic performance in the past” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “We are confident this time we will hit 7-8% growth rate. At least seven percent,” “And inflation will be much much lower this year. Our target is 2-4%, but as you know because of the base effects, we’ll probably end up closer to two percent than to four percent” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “I have already organized a task force to study. We hired a third party to study the wage structure right now at this time for the 2020 to 2022 salary adjustment,” “There will be, it’s not just a possibility. But by how much is not yet certain,” External link

bworldcom Wednesday, January 9, 2019 6:58:00 PM EAT

Benjamin E Diokno said : “on the contrary, we have adopted an expansionary fiscal policy and with tax reform and moderate deficit to GDP ratio of around 3.0% we can embark on an audacious ‘Build, Build, Build’ program and higher investment in human capital” External link

bworldcom Monday, January 7, 2019 7:39:00 PM EAT

Benjamin E Diokno said : “Worst case, i- invoke namin ’yung unmanageable public sector deficit. Gagawin namin (We will make it) 30%… of the total (national government tax collections) which is approximately equal to the current system,” External link

bworldcom Wednesday, December 26, 2018 12:13:00 AM EAT

Benjamin E Diokno recalled : “We cleared that (IRA stand) with the President. He said (of bigger fiscal deficit proportion to GDP) ‘not during my watch,’” External link

bworldcom Wednesday, December 26, 2018 12:13:00 AM EAT

Benjamin E Diokno said : “We estimate that in total, a reenacted budget for the first quarter of 2019 will reduce total disbursements by an estimated P44 billion for one quarter — if it is delayed by one quarter. However, if it’s not passed at all, on a full year basis it will reach P219.8 billion or P220 billion,” External link

bworldcom Wednesday, December 19, 2018 8:14:00 PM EAT

Benjamin E Diokno said : “but they will be based on the 2018 level,” “This means that salary adjustments for civilian and military personnel which are programmed for 2019 will have to wait. I repeat: the fourth tranche of the salary standardization for government employees will be deferred until such time the 2019 General Appropriations Act is passed into law,” External link

bworldcom Wednesday, December 19, 2018 8:14:00 PM EAT

Benjamin E Diokno said : “There is no insertion in the budget. That term is a misnomer. Changes during budget preparation are ‘adjustments’,” External link

bworldcom Thursday, December 13, 2018 6:14:00 PM EAT

Benjamin E Diokno said : “We are glad to report that government spending has continued its strong outturn in the month of October, driven by our huge investments on social services and ‘Build Build Build’ [infrastructure development program],” “There is no underspending, as critics falsely claim, and this is validated by the numbers. We’ll have a strong finish in 2018,” External link

bworldcom Wednesday, December 12, 2018 10:32:00 PM EAT

Benjamin E Diokno said : “DBM is only in charge of overseeing the budget process, as well as the allocation and release of funds. Implementing projects is not our job. There is no such thing as pork or insertions,” External link

bworldcom Wednesday, December 12, 2018 7:27:00 PM EAT

Benjamin E Diokno said : “We found out we’re still short on our commitment to disburse the equivalent of 5% of GDP for infrastructure. From 4.9% we want to make it 5%. That’s why I decided to adjust the budget of DPWH by setting aside P75.5 billion in additional funds, not P51 billion. That is not an insertion. That is part of the process,” External link

bworldcom Wednesday, December 12, 2018 7:27:00 PM EAT

Benjamin E Diokno said : “The additional time requested will enable the DBM to gather the necessary information and undertake coordination with the other agencies concerned,” External link

bworldcom Monday, December 10, 2018 6:56:00 PM EAT

Benjamin E Diokno said : “We all know that competition triggers efficiency and innovation. By fostering market competition, the government helps ordinary people afford necessities like rice, electricity, and medicine. It helps consumers to enjoy goods and services with lower prices and better quality,” External link

bworldcom Friday, February 3, 2017 11:04:00 PM EAT

Benjamin E Diokno added : “At the same time, entrepreneurs are more capable of starting up their own firms. With a more level playing field, as a result of competition, economic opportunities are made more accessible to all. In effect, we hit two birds with one stone: competition policy doubles as a poverty-reduction tool that improves the ease of doing business,” External link

bworldcom Friday, February 3, 2017 11:04:00 PM EAT

Benjamin E Diokno said : “These record levels of spending will align our country with its more vibrant neighbors and put us on track to achieve our vision of eradicating extreme poverty and transforming our economy into a high-income one by 2040,” External link

bworldcom Sunday, January 15, 2017 10:11:00 PM EAT

Benjamin E Diokno said : “A tax system that taxes income (personal and corporate) less, and taxes consumption more encourages investment. Higher spending in public infrastructure, in general, encourages private investment. For example, new highways or light rail transit lines that open up new communities, bring up new investment in housing facilities and new businesses,” External link

bworldcom Sunday, January 15, 2017 10:11:00 PM EAT

Benjamin E Diokno said : “We would be able to comply with the desire of the President to double their take home pay by January of 2018, okay?” External link

bworldcom Tuesday, January 3, 2017 9:43:00 PM EAT

Benjamin E Diokno said : “It will be a continuing program. An evaluation of whether it is effective or not won’t be done until after a few years of operation,” External link

bworldcom Monday, December 26, 2016 7:20:00 PM EAT

Benjamin E Diokno said : “This is the most anticipated move by the Fed, hence won’t change our fiscal program, especially the expenditure plan,” External link

bworldcom Thursday, December 15, 2016 8:06:00 PM EAT

Benjamin E Diokno added : “We expect the fed adjustment to be between 0.25-0.5% in the next 12 months,” External link

bworldcom Thursday, December 15, 2016 8:06:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
secretary94.12%EN02/03/201703/02/2017
finance secretary3.92%EN01/31/201731/01/2017
chief1.96%EN11/02/201602/11/2016
Names Lang Count
Benjamin E. DioknoEN96.00%
Benjamin E. DioknoFR4.00%


 
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Benjamin E. Diokno

Last updated on 2016-11-18T11:08+0300.

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Benjamin E Diokno said : “Only 14 banks have utilized P534-million loans to qualified large enterprises as an alternative mode of compliance with the reserve requirement,” External link

bworldcom Thursday, July 2, 2020 8:19:00 PM EAT

Benjamin E Diokno said : “The fact is that the economy will recover, but recovering will be uneven. Some sectors may take some time, but others may take quite shortly… Some activities may not be able to take off at this time but there’s some already (that can), maybe about 70% of the economy can move forward,” External link

bworldcom Thursday, July 2, 2020 8:19:00 PM EAT

Benjamin E Diokno said : “The connectivity of the MOS and the NRoSS is the main infrastructure that would allow the issuance to be possible and would make the features of the BSP,” External link

bworldcom Wednesday, July 1, 2020 9:10:00 PM EAT

Benjamin E Diokno said : “The determination of frequency of auction [of BSP issuances] will depend on market conditions,” External link

bworldcom Wednesday, July 1, 2020 9:10:00 PM EAT

Benjamin E Diokno said : “Looking ahead, the BSP will continue to monitor evolving economic and financial conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate,” External link

bworldcom Wednesday, July 1, 2020 1:09:00 PM EAT

Benjamin E Diokno said : “The (inflation) risks are tilted to the downside from 2020 to 2022,” External link

bworldcom Monday, June 29, 2020 4:03:00 PM EAT

Benjamin E Diokno said : “There remains a critical need for continuing measures to bolster economic activity and support financial conditions, especially the effective implementation of interventions to protect human health, boost agricultural productivity and build infrastructure,” External link

bworldcom Sunday, June 28, 2020 9:08:00 PM EAT

Benjamin E Diokno said : “We are willing to talk to all parties involved to clean up this mess,” External link

bworldcom Sunday, June 28, 2020 11:52:00 AM EAT

Benjamin E Diokno said : “Will there be a rate cut in the June to August meeting? We’re looking at it and we’re looking at information,” External link

bworldcom Wednesday, June 24, 2020 8:55:00 PM EAT

Benjamin E Diokno said : “I expect to see some growth in Q4 — agriculture, construction, manufacturing, and public administration,” External link

bworldcom Monday, June 22, 2020 10:12:00 PM EAT

Benjamin E Diokno said : “Will there be a rate cut in the June to August meeting? We’re looking at it and we’re looking at information,” External link

bworldcom Monday, June 22, 2020 10:12:00 PM EAT

Benjamin E Diokno said : “But the real behavior of consumers we don’t know yet… And we’re not even sure what will be the behavior of the motor companies. Maybe they will start selling, maybe focusing on the small cars rather than the big cars. So we are not yet sure,” External link

bworldcom Sunday, June 21, 2020 9:20:00 PM EAT

Benjamin E Diokno said ( about Philippine Islands ) : “None of the missing $2.1 billion of German firm Wirecard entered the Philippine financial system,” External link

bworldcom Sunday, June 21, 2020 9:20:00 PM EAT

Benjamin E Diokno told : “Now, the impact of that on the economy… is that it will slow down GDP by 0.4%. But as you know these numbers are subject to review again because we really don’t know the extent of the pandemic and the what’s the outcome in the host countries,” External link

bworldcom Thursday, June 18, 2020 10:16:00 PM EAT

Benjamin E Diokno said : “The first condition [for this assumption] is that health and economic measures adopted by host countries have gained significant traction. The second condition is that the labor market conditions in the host countries have improved,” External link

bworldcom Thursday, June 18, 2020 10:16:00 PM EAT

Benjamin E Diokno said : “We have promptly monitored the growth of M3 and it has in fact increased significantly in recent months,” External link

bworldcom Tuesday, June 16, 2020 5:30:00 PM EAT

Benjamin E Diokno said : “Although this crisis is different from the others, it’s very important that the financial system is not constricted by the lack of liquidity,” External link

bworldcom Tuesday, June 16, 2020 5:30:00 PM EAT

Benjamin E Diokno said : “We’re confident that there is no threat that the excess liquidity will translate into higher inflation,” External link

bworldcom Tuesday, June 16, 2020 5:30:00 PM EAT

Benjamin E Diokno told : “Please be informed that a complaint was indeed filed on June 3 with the Monetary Board against the directors and officers of a certain bank for alleged violation of provisions of Republic Act (RA) No. 7653 (The New Central Bank), as amended, and RA No. 8791 (The General Banking Law of 2000),” External link

bworldcom Monday, June 15, 2020 9:19:00 PM EAT

Benjamin E Diokno said : “The matter is already with the Investigation and Prosecution Group of the Office of the General Counsel and Legal Services which is now conducting an investigation. Rest be assured that the legal processes will be observed in handling this complaint,” External link

bworldcom Monday, June 15, 2020 9:19:00 PM EAT

Benjamin E Diokno said : “The operative word is ‘encourages’ not ‘mandates,’ BSP is helping the banks so they can help their clients — both individuals and firms” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno said : “The…cuts in the interest rates is meant to help the banks go through this crisis, and in turn, they can help their borrowers — the individuals and the firms — and so we’ll look at the need for it,” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno said : “There’s still an upside risk [to inflation] and that is mainly the price of oil, which as you know the price of oil has collapsed and that explains partly the lower inflation that month (May)… But now, I guess it’s inching up again,” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno said ( about Mekong Delta ) : “The price has also gone up in the world market because many rice producers in the Mekong Delta area were impacted by the heavy rain. We are still monitoring these developments, Of course, we are still monitoring the global reaction to the pandemic [and] how soon the global economy will recover,” “I’m not saying we’re not gonna cut this year or maybe next policy meeting, but we are closely looking at the data” External link

bworldcom Tuesday, June 9, 2020 12:45:00 AM EAT

Benjamin E Diokno told : “The increase in unemployment does not reflect the true state of the economy and the jobs market. It was more a result of the policy decision to save lives in response to the COVID-19 (coronavirus disease 2019) pandemic,” External link

bworldcom Sunday, June 7, 2020 11:55:00 PM EAT

Benjamin E Diokno said : “We, therefore, reiterate our support for carefully coordinated actions with other government authorities as well as pending stimulus bills in Congress aimed at responding to the evolving needs of the economy as it transitions into new economic realities amid the ongoing pandemic,” External link

bworldcom Sunday, June 7, 2020 11:55:00 PM EAT

Benjamin E Diokno told : “Assuming that we get a U-shaped recovery as predicted by many institutions, we can grow by 7-9% next year, then the ‘A’ rating campaign is still on the table, and we hope that would be enough,” External link

bworldcom Friday, June 5, 2020 2:17:00 AM EAT

Benjamin E Diokno told : “The BSP Department of Economic Research projects May inflation to settle within the 1.9% to 2.7% range; the point inflation projection is 2.3%,” External link

bworldcom Friday, May 29, 2020 3:41:00 PM EAT

Benjamin E Diokno said : “I guess it’s better to have it now in anticipation of what might happen if things deteriorate. But at the moment, NPLs (non-performing loans are) very low… But we don’t know whether this pandemic will persist,” External link

bworldcom Friday, May 29, 2020 3:41:00 PM EAT

Benjamin E Diokno said : “The BSP will continue to monitor domestic liquidity and credit dynamics in order to provide support amid significant disruptions to economic activity,” External link

bworldcom Friday, May 29, 2020 3:41:00 PM EAT

Benjamin E Diokno said : “We have revised our end of the year forecast for the GIR (gross international reserves). It would be something like $94 billion, highest ever,” External link

bworldcom Thursday, May 28, 2020 12:56:00 AM EAT

Benjamin E Diokno said : “We’ll also look at some high frequency indicators, in both the supply and demand sides of the economy, which could suggest how the economy is shaping up,” External link

bworldcom Monday, May 25, 2020 10:24:00 PM EAT

Benjamin E Diokno said : “This current wave of revamping of global supply chains opens a window of opportunity for the Philippines to benefit from trade redirection and relocation of production sites,” External link

bworldcom Sunday, May 24, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “Not surprisingly, the Philippines is expected to be among the least affected by the US-China trade tensions. This supports IMF’s view that the country’s low participation in global trade as well as in global value chains relative-to-peers seems to explain why the Philippines has not been negatively impacted by the US-China trade war,” External link

bworldcom Sunday, May 24, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “would require giving incentives for the use of science and technology in health policy decision making. It would require overhauling the health care supply chain,” External link

bworldcom Friday, May 22, 2020 2:12:00 PM EAT

Benjamin E Diokno said : “I guess it’s better to have it now in anticipation of what might happen if things deteriorate. But at the moment, NPLs (non-performing loans are) very low… But we don’t know whether this pandemic will persist,” External link

bworldcom Thursday, May 21, 2020 8:31:00 PM EAT

Benjamin E Diokno said : “We are assuming the worst. But as I said, we have prepared (banks) well. We’re very confident that this will no be as bad as what happened in the Asian Financial crisis because at that time we were unprepared,” External link

bworldcom Thursday, May 21, 2020 8:31:00 PM EAT

Benjamin E Diokno told : “BSP sees no apparent and immediate need to avail of IMF’s short-term liquidity line (SLL)… Structural reforms have helped the Philippines enter the COVID-19 crisis from a position of strength,” External link

bworldcom Tuesday, May 19, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “It is designed to be a liquidity backstop for members with very strong policy frameworks and fundamentals, who face potential, moderate, short-term liquidity needs because of external shocks that generate BoP (balance of payments) difficulties,” External link

bworldcom Tuesday, May 19, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “In case there is a second wave that could mean ‘W-shaped’ recovery, it’s going to be much worse than the revised forecast,” External link

bworldcom Monday, May 18, 2020 10:45:00 PM EAT

Benjamin E Diokno said : “You have to consider that a big chunk of the country is now under modified to general quarantine and so that is a positive for the country, unless there is a deterioration in those hotspots,” External link

bworldcom Monday, May 18, 2020 10:45:00 PM EAT

Benjamin E Diokno said : “I think there is a need for supplemental budget, you cannot just rearrange the budget. There’s not enough room there (budget) for higher spending for this pandemic,” External link

bworldcom Monday, May 18, 2020 10:45:00 PM EAT

Benjamin E Diokno said : “The BSP staff projects that the OFW remittances would shrink by 0.2 to 0.8% from the original three percent growth forecast, hence the revised forecast is a range of 2.2 to 2.8% or a midpoint of 2.5%,” External link

bworldcom Friday, May 15, 2020 7:54:00 PM EAT

Benjamin E Diokno said : “As the government moves into the next phase of the road to the New Economy, it should focus on a quick-disbursing, employment-creating program. It needs a supplemental budget, the size of which can be decided upon by the President with the recommendation of his economic managers,” External link

bworldcom Monday, May 11, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “Emergency employment is quick-disbursing and will have a high multiplier effect. It is pro-poor and egalitarian,” External link

bworldcom Monday, May 11, 2020 9:37:00 PM EAT

Benjamin E Diokno said : “With the manageable inflation environment and stable inflation expectations, we believe that the 125-basis-point (bp) cumulative cut in the policy rate this year is appropriate to buffer the country’s growth momentum and boost market confidence amid stronger headwinds,” External link

bworldcom Friday, May 8, 2020 1:50:00 AM EAT

Benjamin E Diokno said ( about Monetary Policy ) : “Monetary policy works with a lag. Nothing will happen overnight” “There’s a lag of about three quarters as far as historical numbers show. But there’s some movement already,” External link

bworldcom Friday, May 8, 2020 1:50:00 AM EAT

Benjamin E Diokno said : “We are going to borrow money. Fortunately for us, we start from a low debt-to-GDP (gross domestic product) ratio,” “Achieving it (A rating) by 2022 may or may not happen. But as I said we are focused on appropriate policies and necessary reforms to put the economy back into its growth trajectory…,” External link

bworldcom Friday, May 8, 2020 1:50:00 AM EAT

Benjamin E Diokno said : “Clearly, the more benign inflation provides the Monetary Board greater room for easing,” External link

bworldcom Monday, May 4, 2020 9:21:00 PM EAT

Benjamin E Diokno said : “The progressive fall in inflation will continue,” External link

bworldcom Thursday, April 30, 2020 8:31:00 PM EAT

Benjamin E Diokno said ( about Manila Electric ) : “The collapse in oil prices is expected to moderate inflationary pressure coming from higher prices of rice and other food items along with upward adjustment in electricity rates in Meralco (Manila Electric Co.)-serviced areas,” “Looking ahead, BSP will remain watchful of economic and financial developments here and abroad to ensure that monetary policy settings remain consistent with price stability conducive to a balanced and sustainable economic growth,” External link

bworldcom Thursday, April 30, 2020 8:31:00 PM EAT

Benjamin E Diokno said : “The foregoing provisions shall apply until Dec. 31, 2021,” External link

bworldcom Wednesday, April 29, 2020 9:04:00 PM EAT

Benjamin E Diokno said : “we’ll do anything to get us through this crisis, so that’s still in the agenda” External link

bworldcom Tuesday, April 28, 2020 1:00:00 AM EAT

Benjamin E Diokno said : “We’ll do anything to get us through this crisis, so that’s still in the agenda. But right now, as you know monetary policy works with a lag, we will observe how the banking industry will behave,” External link

bworldcom Tuesday, April 28, 2020 1:00:00 AM EAT

Benjamin E Diokno said : “strong recovery in domestic activity and higher liquidity growth,” External link

bworldcom Monday, April 27, 2020 12:00:00 AM EAT

Benjamin E Diokno said : “The COVID-19 pandemic is seen to significantly but temporarily dampen foreign investment flows in the country in 2020,” External link

bworldcom Monday, April 27, 2020 12:00:00 AM EAT

Benjamin E Diokno said : “Fees for these services have been waived by authorized financial institutions during the ECQ period,” External link

bworldcom Wednesday, April 22, 2020 11:35:00 PM EAT

Benjamin E Diokno said : “The BSP’s recent moves are designed to be prospective, given our strong economic fundamentals,” External link

bworldcom Sunday, April 19, 2020 11:12:00 PM EAT

Benjamin E Diokno said : “Is BSP thinking of cutting policy rates and RRR in the near-term? BSP is number-crunching at the moment looking at how the economy will perform, by quarter, under various assumptions knowing how IMF (International Monetary Fund), the WB (World Bank), the ADB (Asian Development Bank) see the global economy perform moving forward,” External link

bworldcom Wednesday, April 15, 2020 7:35:00 PM EAT

Benjamin E Diokno told : “A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

bworldcom Monday, April 13, 2020 11:48:00 PM EAT

Benjamin E Diokno told : “It is now clear that reverting to where we were in 2018 — policy rate at 3.0% — is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

bworldcom Monday, April 13, 2020 12:09:00 AM EAT

Benjamin E Diokno said : “While BSP has cut the policy rate by 150 bps (basis points) since I assumed office last year, the Philippines is now faced with a once-in-a-lifetime crisis. It is now clear that reverting to where we were in 2018 — policy rate at 3.0% — is no longer an appropriate policy goal,” External link

bworldcom Sunday, April 12, 2020 8:59:00 PM EAT

Benjamin E Diokno noted : “These new realities call for bolder but appropriate moves on the part of the BSP. The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

bworldcom Sunday, April 12, 2020 8:59:00 PM EAT

Benjamin E Diokno said : “Owing to the BSP’s adoption of liquidity standards, banks are largely seen to have entered this stress situation in a strong liquidity position, with buffers ready to absorb the recent and coming liquidity shocks,” External link

bworldcom Wednesday, April 8, 2020 9:30:00 PM EAT

Benjamin E Diokno said : “Our forecast before this crisis is that OFW remittances will increase by 3% (in 2020). Now that has been downgraded to 2%,” External link

bworldcom Monday, April 6, 2020 6:14:00 PM EAT

Benjamin E Diokno said : “Of course this crisis is like no other crisis in the past but if you go by our experience, crisis or no crisis, overseas Filipino remittances has been steady,” External link

bworldcom Monday, April 6, 2020 6:14:00 PM EAT

Benjamin E Diokno said : “There’s a downward trend [in inflation]. So how much can we cut? We have a lot of policy space. As you know, the interest rate was increased by 175 basis points (bps) in 2018 and we have only cut it so far 1.5%… So we can still have room for cutting,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “There’s a real risk that there will be a technical recession…I think Q2 and Q3 we might have negative growth…I think we can restart the economy in May so even Q3 may not be negative,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “We’re confident that the economy can take the adjustments,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “Really our concern is the public health issue and then we’ll take care, Secretary of Finance [Carlos G.] Dominguez [III] and myself will take care of the economy and also [Socioeconomic Planning] Secretary Ernesto M. Pernia,” External link

bworldcom Sunday, April 5, 2020 8:02:00 PM EAT

Benjamin E Diokno said : “If necessary, we are willing to cut it to 10%,” External link

bworldcom Sunday, March 29, 2020 10:20:00 PM EAT

Benjamin E Diokno said : “It (the peso) is steady, as you can see now. With…oil prices going down…, we’re benefiting from this. I think we’ll be okay,” External link

bworldcom Sunday, March 22, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “BSP forecasts that the Philippines might grow by 5 to 5.5%, down from 6.5-7.5% original forecast, but still the highest among ASEAN-6 countries,” External link

bworldcom Sunday, March 22, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “The national government should also make sure that its audacious Build, Build, Build program is implemented with little delay. Congress should also approve the Executive’s priority legislation that will improve the attractiveness and competitiveness of the Philippine economy,” External link

bworldcom Sunday, March 22, 2020 11:33:00 PM EAT

Benjamin E Diokno said : “The latest forecasts are (substantially) below the February monetary policy meeting projections…due to lower-than-projected inflation outturns in recent months, a sharp decline in global crude oil prices, and the adverse effects of COVID-19 on global and domestic economic activity,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno added : “The monetary policy easing is also aimed at mitigating the risk of financial sector volatility in light of unfolding global developments by ensuring adequate domestic liquidity and credit in the financial system as well as lowering borrowing costs for affected firms and households,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno added : “The Monetary Board also approved a temporary reduction in the term spread on rediscounting loans relative to the overnight lending rate to zero,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno said : “These supplemental actions may include, but are not limited to, recalibrating the interest rate corridor settings; reducing the reserve requirement ratios (RRR), suspending the term deposit facility (TDF) auctions; and ensuring access to liquidity-enhancing facilities such as the rediscounting windows,” External link

bworldcom Friday, March 20, 2020 3:11:00 AM EAT

Benjamin E Diokno said : “What’s the impact of the Luzon-wide community isolation on the economy? I don’t know yet. But it will definitely have an impact,” External link

bworldcom Thursday, March 19, 2020 2:53:00 AM EAT

Benjamin E Diokno said : “If it (quarantine) succeeds, the adverse impact will be minimal and we can expect a V-shape recovery; if it fails, the adverse impact can be large and protracted, and the recovery can be an elongated U,” External link

bworldcom Thursday, March 19, 2020 2:53:00 AM EAT

Benjamin E Diokno said : “It will straddle two quarters — two weeks out of 13 weeks in Q1 and another two weeks in Q2,” External link

bworldcom Thursday, March 19, 2020 2:53:00 AM EAT

Benjamin E Diokno said : “I am glad to share that I am well and not manifesting any symptoms, although I also decided to go on self-quarantine as a precautionary measure,” External link

bworldcom Thursday, March 12, 2020 8:12:00 PM EAT

Benjamin E Diokno said : “The fear that Philippine banks will experience bad loans and slower credit growth on account of COVID-19 outbreak is unfounded,” External link

bworldcom Monday, March 9, 2020 9:24:00 PM EAT

Benjamin E Diokno said : “The emergency half-point cut by the Fed matters. The fast-spreading COVID-19 and its likelihood of slowing global growth matters,” External link

bworldcom Friday, March 6, 2020 1:07:00 AM EAT

Benjamin E Diokno said : “The February inflation matters and so with the inflation prospects for the year. All these and more will serve as inputs to the MB’s decision on March 19,” External link

bworldcom Friday, March 6, 2020 1:07:00 AM EAT

Benjamin E Diokno said : “One thing is certain: there will be no off-cycle MB move to cut policy rates,” External link

bworldcom Thursday, March 5, 2020 7:02:00 PM EAT

Benjamin E Diokno told : “Of course there is a window these last few days [for the passage of the amendments]… Medyo tight na ’yung window na yon …But there is another window which is one month — May to June. But we are confident, heavily endorsed naman siya ,” External link

bworldcom Tuesday, March 3, 2020 11:35:00 PM EAT

Benjamin E Diokno told : “At this time, maybe the fiscal stimulus is much more effective than monetary stimulus. Kasi if you’re going to stay at home…then you’re not going to spend money, wala masyadong stimulus d’un (Because if you’re staying at home, then you’re not going to spend money. There will be no stimulus from that end),” External link

bworldcom Monday, March 2, 2020 10:54:00 PM EAT

Benjamin E Diokno said : “The 50 [bps] that I promised last year, we’re done with 25 [bps]. That’s still on the table. And we’re going to meet on March 19. So we’ll see what’s happening,” External link

bworldcom Monday, March 2, 2020 10:54:00 PM EAT

Benjamin E Diokno added : “Let’s do it now habang (while) the whole world is in shambles so that, as I said, when things recover, then we will be stronger,” External link

bworldcom Monday, March 2, 2020 10:54:00 PM EAT

Benjamin E Diokno said : “It’s still on the table. And we’re going to meet on Mar. 19 for policy setting. So we’ll see what’s happening that time,” External link

bworldcom Monday, March 2, 2020 4:47:00 PM EAT

Benjamin E Diokno told : “I’m not totally ruling out an additional cut of more than 25 bps this year. Definitely there will be another 25[-bp cut]. I’m not ruling out [a cut worth] 50 or 75 bps,” External link

bworldcom Thursday, February 27, 2020 8:45:00 PM EAT

Benjamin E Diokno said : “We’re lucky that we have both fiscal and monetary space,” “We might consider additional cuts in reserve requirements or in the…policy rate, but when that will happen, of course that will depend on our assessment of the situation and the conditions” External link

bworldcom Thursday, February 27, 2020 8:45:00 PM EAT

Benjamin E Diokno added : “This is expected to widen opportunities for Muslim Filipinos, including those from the Bangsamoro Region, in accessing banking products and services. This is a great stride in our financial inclusion mandates,” External link

gulf-times Sunday, February 23, 2020 10:46:00 PM EAT

Benjamin E Diokno said : “Uncertainty that may arise from the post-Brexit transition may contribute to a short-term spike in market volatility and risk aversion, which could lead to a temporary flight to safe-haven assets,” External link

bworldcom Tuesday, February 18, 2020 10:00:00 PM EAT

Benjamin E Diokno said : “Since its launch in late 2019, nine government agencies and three banks are now participants to the EGov Pay Facility,” External link

bworldcom Sunday, February 16, 2020 10:08:00 PM EAT

Benjamin E Diokno said : “Our target is maybe second quarter or second half of the year,” “At the moment, I don’t see the need for monetary easing other than what we have done,” External link

bworldcom Friday, February 14, 2020 8:56:00 PM EAT

Benjamin E Diokno said : “We think only the first two quarters will be affected,” External link

bworldcom Friday, February 7, 2020 1:03:00 AM EAT

Benjamin E Diokno said : “Loans for production activities continued to be driven by lending to key sectors such as real estate activities; financial and insurance activities; electricity, gas, steam and air conditioning supply; construction; and information and communication,” External link

bworldcom Wednesday, February 5, 2020 6:22:00 PM EAT

Benjamin E Diokno said : “The BSP and BI have yet to consider specific projects under the MoU,” External link

bworldcom Tuesday, February 4, 2020 11:48:00 PM EAT

Benjamin E Diokno said : “So our estimate is it’s between P4.3 billion to P6.7 billion. The total economic GDP is around P20 trillion,” “The impact of the eruption could result in the slightly lower growth of output in the [Calabarzon] Region for the first quarter of 2020” External link

bworldcom Thursday, January 30, 2020 8:39:00 PM EAT

Benjamin E Diokno said : “I think unlike the previous incidents, the Chinese government is in a better position to contain it and I think it’s less fatal,” External link

bworldcom Thursday, January 30, 2020 8:39:00 PM EAT

Benjamin E Diokno said : “Maybe not as aggressive as last year because we are in a very nice place right now. We have low unemployment… I’m optimistic that the economy [will grow] between 6.5-7% this year and we even have an inclusive growth. As you can see, the data says that in 2015, the poverty incidence was around 23.3%… Now it’s down to 16.6% in 2018,” External link

bworldcom Tuesday, January 28, 2020 1:13:00 AM EAT

Benjamin E Diokno said ( about Severe Acute Respiratory Syndrome ) : “Lockdown na rin ’yung province (The province where it originated from [Wuhan] has been locked down), so as long as we don’t get those people, okay lang tayo (we are okay). At saka this is less severe than SARS (Severe Acute Respiratory Syndrome)… Don’t scare yourself. But avoid travelling,” External link

bworldcom Monday, January 27, 2020 12:48:00 AM EAT

Benjamin E Diokno said : “Inflation slowed down slightly during the quarter due mainly to lower food and non-food inflation,” External link

bworldcom Friday, January 24, 2020 6:08:00 PM EAT

Benjamin E Diokno said : “The actionable information that we share with each is important in supporting financial investigations,” External link

bworldcom Wednesday, January 22, 2020 9:43:00 PM EAT

Benjamin E Diokno said : “We will have a soft launching by first quarter and we will launch it formally in the second quarter this year,” External link

bworldcom Sunday, January 19, 2020 7:49:00 PM EAT

Benjamin E Diokno said : “Am I happy? Of course not” External link

bworldcom Sunday, January 12, 2020 10:33:00 PM EAT

Benjamin E Diokno said : “So we are looking at the numbers and what we mean by financial inclusion. Is it individuals or is it households. But at the same time, we have our own programs,” External link

bworldcom Sunday, January 12, 2020 10:33:00 PM EAT

Benjamin E Diokno said ( about Rodrigo R Duterte ) : “During the first years of (President Rodrigo R.) Duterte, FDI was around $10 billion… Last year nag-slowdown ‘yan (it slowed down). I think we can attribute that to the CITIRA uncertainty…,” External link

bworldcom Friday, January 10, 2020 9:06:00 PM EAT

Benjamin E Diokno said : “NFA position increased during the month, supported by foreign exchange inflows coming mainly from overseas Filipinos’ remittances and business process outsourcing receipts,” External link

bworldcom Thursday, January 9, 2020 1:57:00 AM EAT

Benjamin E Diokno said ( about Rodrigo R Duterte ) : “During the first years of (President Rodrigo R.) Duterte, FDI was around $10 billion… Last year nag- slowdown ‘yan (it slowed down). I think we can attribute that to the CITIRA uncertainty…,” External link

bworldcom Tuesday, January 7, 2020 7:32:00 PM EAT

Benjamin E Diokno said : “I am confident that the quality of life of Filipinos will further improve this year. Economic growth will be faster. Inflation will continue to be subdued and on target,” External link

bworldcom Tuesday, January 7, 2020 7:32:00 PM EAT

Benjamin E Diokno said : “We’re transparent. We want the investors and businessmen to be able to pick it so we provide forward guidance,” External link

bworldcom Thursday, December 19, 2019 6:04:00 AM EAT

Benjamin E Diokno said : “But on the interest rates at least 50 bps for next year. Kasi (Because) remember we have to raise interest rates by 175 bps [in 2018],” “But we’re observing what the other central banks are doing. Eh parang cutting pa rin (It looks like they’re still cutting)… so babantayan natin (we will observe)… but at the moment, we are comfortable where we are,” External link

bworldcom Thursday, December 19, 2019 1:12:00 AM EAT

Benjamin E Diokno added : “These design elements put emphasis on the cultural and historical significance of coins to Philippine society,” External link

bworldcom Wednesday, December 18, 2019 12:50:00 AM EAT

Benjamin E Diokno said : “Sustained policy support from increased fiscal spending, as well as improved liquidity conditions owing to recent monetary adjustments, is… expected to support growth in the coming months,” External link

bworldcom Friday, December 13, 2019 2:21:00 AM EAT

Benjamin E Diokno told : “It will not [affect inflation]. Walang (There will be no) impact sa (on) inflation,” External link

bworldcom Sunday, December 8, 2019 12:26:00 PM EAT

Benjamin E Diokno told : “Monetary policy works with lag so ‘di pa namin nakikita yung impact ng ginawa naming rapid fire, 75 basis points (bps) [of key interest rate cuts] tapos 400 basis points dun sa RRR (reserve requirement ratio). (we have yet to see the impact of the rapid fire easing we’ve done — 75 bps in key interest rate cuts and 400 bps in RRR reductions),” External link

bworldcom Saturday, December 7, 2019 11:55:00 PM EAT

Benjamin E Diokno added : “Siguro we’ll look at December and then maybe early January mare- resume namin ‘yung monetary easing,” External link

bworldcom Wednesday, December 4, 2019 7:07:00 PM EAT

Benjamin E Diokno said : “As you can see, both usage and value increased indicating that it is not only being used more frequently, but also, it is trusted with bigger values,” External link

bworldcom Tuesday, December 3, 2019 3:45:00 PM EAT

Benjamin E Diokno said : “There would be many cases… Taxpayers paying BIR, merchants, government giving grants to 4Ps (Pantawid Pamilyang Pilipino Program), that will also be electronic. The private sector buys [through e-payments…] also with the transport system… You can now pay tricycle in QR or jeepney with your QR code…,” External link

bworldcom Tuesday, December 3, 2019 3:45:00 PM EAT

Benjamin E Diokno said : “In particular, a number of banks have put up Sustainable Energy Finance Desks, which serve as a point of contact in evaluating and monitoring sustainable energy projects. These encourage enterprises to engage in renewable energy projects,” External link

bworldcom Tuesday, October 29, 2019 9:27:00 PM EAT

Benjamin E Diokno said : “We will print the ID at less than $1 per piece — 60 cents to be exact. We will provide the needed equipment and space for the embedding of personal information onto the blank cards, which will be done by the PSA,” External link

bworldcom Monday, October 21, 2019 10:13:00 PM EAT

Benjamin E Diokno explained : “We will print the ID at less than $1 a piece — 60 cents to be exact. We will provide the needed equipment and space for the embedding of personal information onto the blank cards, which will be done by the PSA,” External link

bworldcom Monday, October 21, 2019 2:09:00 AM EAT

Benjamin E Diokno said : “The journey for a national ID for the Philippines started 30 years ago. But it failed to pass one Congress after another. Finally last year, the Philippine ID System Act was passed last year,” External link

bworldcom Monday, October 21, 2019 2:09:00 AM EAT

Benjamin E Diokno said : “Very expensive ‘yung P20 kasi after six months wala na eh. Papalitan mo na agad. ‘Yun ang pinakamaraming paper bills actually na pini- print (The P20 bill is expensive because they are usually unfit for circulation after six months. You have to phase them out already. This is the bill that we print the most),” External link

bworldcom Monday, October 14, 2019 7:27:00 PM EAT

Benjamin E Diokno told : “It will elevate our status as far as anti-money laundering is concerned if we can have that passed… hopefully within the year or first quarter of next year. That is a major reform that has been talked about for the past three decades so sana matapos (hopefully this will be enacted),” External link

bworldcom Sunday, October 13, 2019 8:34:00 PM EAT

Benjamin E Diokno told : “Maybe that’s partly due to the slowdown in the global economy. Secondly, also the uncertainty on the second package of the tax reform. I think many investors have adopted a wait-and-see policy,” External link

bworldcom Friday, October 11, 2019 4:39:00 PM EAT

Benjamin E Diokno said : “The sooner we act on that [finality of CITIRA], then the sooner the investors can make up their mind whether to enter or exit [the country],” External link

bworldcom Friday, October 11, 2019 4:39:00 PM EAT

Benjamin E Diokno explained : “This gives us more confidence that average inflation would be in the neighborhood of 2% in Q3 before it would increase slightly in Q4,” “The Monetary Board will definitely take note of this positive development in its next policy meeting on Sept. 26” External link

bworldcom Thursday, September 5, 2019 8:04:00 PM EAT

Benjamin E Diokno replied : “Anything can happen… It’s a live issue” External link

bworldcom Tuesday, August 27, 2019 8:13:00 PM EAT

Benjamin E Diokno said : “Right now we’re facing headwinds externally. There’s the US-China trade war, there’s now increasing consensus that US will enter a recession, Germany is already in recession, UK is in recession,” External link

bworldcom Tuesday, August 27, 2019 1:50:00 AM EAT

Benjamin E Diokno said : “have limited business capacity and financial management skills to capably meet loan requirements,” “In addition, they have limited knowledge of alternative modes of financing” External link

bworldcom Sunday, August 18, 2019 8:52:00 PM EAT

Benjamin E Diokno said : “The introduction of updated and more flexible provisions in these laws would help MSMEs — especially those that are agriculture-related — to gain access to credit, leverage innovative models, and induce banks to venture into MSME and agriculture financing with better terms and standards for compliance,” External link

bworldcom Sunday, August 18, 2019 8:52:00 PM EAT

Benjamin E Diokno said : “The consensus of Monetary Board (MB) members is we will pre-announce on a quarterly basis,” External link

bworldcom Tuesday, August 13, 2019 8:13:00 PM EAT

Benjamin E Diokno said : “Nothing yet. Wala pang nangyayari (Nothing’s happening)” External link

bworldcom Tuesday, August 13, 2019 8:13:00 PM EAT

Benjamin E Diokno said : “Possible slowdown, in fact, some predicted recession in the US… this is for 2020-2021. Tapos ’yung oil prices ngayon bagsak na naman Tapos ’yung likely outcome US-China trade war. Tapos isasama mo na rin diyan ‘yung what’s happening in Hong Kong (Oil prices have gone down again. Then the likely outcome of the US-China trade war and what’s happening in Hong Kong)” External link

bworldcom Tuesday, August 13, 2019 8:13:00 PM EAT

Benjamin E Diokno announced : “Inflation remains likely to stay within the inflation rates target of 2%-4% for 2019 to 2021,” External link

bworldcom Sunday, August 11, 2019 5:42:00 PM EAT

Benjamin E Diokno said : “The triple R cut can start next month. We will have a meeting in the next six weeks from now. And we’re going to discuss another possible 25-basis-point cut,” External link

bworldcom Sunday, August 11, 2019 1:03:00 PM EAT

Benjamin E Diokno said : “we are convinced that we still have to cut it” External link

bworldcom Sunday, August 11, 2019 1:03:00 PM EAT

Benjamin E Diokno said : “The public can expect a cut within the next few weeks,” External link

bworldcom Friday, August 9, 2019 11:05:00 PM EAT

Benjamin E Diokno said : “we are convinced that we still have to cut it” External link

bworldcom Friday, August 9, 2019 11:05:00 PM EAT

Benjamin E Diokno said : “Moreover, the risks to the inflation outlook continue to be seen as broadly balanced for 2019 and 2020, while they are seen to tilt to the downside for 2021. Weaker global economic prospects continue to temper the inflation outlook. The potential adverse effects of a prolonged El Niño episode to inflation have subsided,” External link

bworldcom Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin E Diokno said : “Prospects for global economic activity are likely to remain weak amid sustained trade tensions among major economies,” External link

bworldcom Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin E Diokno said : “Third quarter na tayo , so baka below two pa nga ‘yan because of the base effects (We’re in the third quarter, so it might settle below two percent because of the base effects),” External link

bworldcom Wednesday, July 24, 2019 7:07:00 PM EAT

Benjamin E Diokno said : “Third quarter na tayo , so baka below two pa nga ‘yan because of the base effects (We’re in the third quarter, so it might settle below two percent because of the base effects),” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “Unless magkaroon ng (there is) severe El Niño, I don’t think magi- increase ‘yung (there will be an increase in the) price of food,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “For example, you are funding a solar power project for agriculture, pwede na iyon (it might qualify)… (or) if you issue a bond to support a particular agricultural region,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “The banks are complaining that the Agri Agra (rules) are too onerous to comply. Other banks would rather pay the penalty than lend,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “We are filing a bill, we call it Agriculture Modernization Financing, no longer Agri-Agra. We will combine the two — 10% plus 15%, total 25%. Combine the two and then we will broaden the kind of projects that will be compliant. We’re very sensitive to this. I keep saying this: Agriculture is the weakest link. We need a new Agriculture Secretary. Agriculture in Erap’s term used to grow by 6.5%. Now it is only growing at 0.5%. We really need to focus on agriculture,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno added : “These things are very dynamic. In five years time, we will probably reach 50%,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said ( about Association ) : “The day will come when you can use your QR code to pay your jeepney ride, the tricycle… That’s within my term,” “We central bankers talk to each other. One thing that is along this line is we want to have a payment system that is interoperable among the ASEAN (Association of Southeast Asian Nations) members… We will be working on a system,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “Even in India, it is widely used. You can give alms to the beggar using your cellphone. The beggar has his own QR code there. Things are so dynamic and this is going to be very very useful with respect to our OFWs (overseas Filipino workers). Remittance cost is still high,” External link

bworldcom Tuesday, July 23, 2019 10:49:00 PM EAT

Benjamin E Diokno said : “that’s still under deliberation by the Monetary Board” External link

pna Wednesday, July 17, 2019 3:07:00 PM EAT

Benjamin E Diokno said : “That (gives) out, to me (and) the entire world more policy space for cutting,” External link

bworldcom Monday, July 15, 2019 12:37:00 AM EAT

Benjamin E Diokno said : “From this position of strength, the BSP remains committed to continually upholding the highest standard of excellence in crafting policies to maintain price stability, promote a strong financial system and foster a safe and efficient payments and settlements system,” “The ability of the BSP to deliver on its mandates depends significantly not only on its commitment but also on its credibility supported by its dynamic engagement with its stakeholders… But without credibility, central banks resort to more traditional, aggressive and often costly actions to achieve the same result. Thus, by establishing and maintaining consistent engagement with our partners, the BSP is able to capture the sentiment of its stakeholders, which helps us formulate and calibrate effective monetary policies,” External link

bworldcom Wednesday, July 10, 2019 6:35:00 PM EAT

Benjamin E Diokno said : “Looking ahead, the BSP will remain watchful of evolving price trends to ensure that the monetary policy stance remains consistent with the BSP’s price stability objective while being supportive of economic growth,” External link

bworldcom Friday, July 5, 2019 5:36:00 PM EAT

Benjamin E Diokno said : “To me — I’ve seen many administrations — the best time to change the charter is during the first half of your term, not during the second half,” External link

bworldcom Thursday, July 4, 2019 9:37:00 PM EAT

Benjamin E Diokno said : “Do you know the most successful federal governments are those where the states are powerful in the first place,” External link

bworldcom Thursday, July 4, 2019 9:37:00 PM EAT

Benjamin E Diokno said : “This means that the names and signatures therein are raised and embossed for tactile feel,” External link

bworldcom Wednesday, July 3, 2019 7:41:00 PM EAT

Benjamin E Diokno told : “There was a time na undersubscribed siya (when the TDF was undersubscribed). Don’t worry too much. Mga blip lang yan (Those are just blips). The economy is growing much faster,” External link

bworldcom Wednesday, July 3, 2019 7:41:00 PM EAT

Benjamin E Diokno said : “supported by a projected recovery in household spending and the continued implementation of the government’s infrastructure spending program,” External link

bworldcom Friday, June 21, 2019 12:00:00 AM EAT

Benjamin E Diokno added : “A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July,” External link

bworldcom Friday, June 21, 2019 12:00:00 AM EAT

Benjamin E Diokno said : “price stability, a sound external payments position, financial stability, and an efficient payment system,” External link

bworldcom Wednesday, June 19, 2019 11:13:00 PM EAT

Benjamin E Diokno said : “minimize external risk and provide resilience to shocks to the economy. This will help support an enabling environment conducive to economic growth and in turn investment opportunities,” External link

bworldcom Wednesday, June 19, 2019 11:13:00 PM EAT

Benjamin E Diokno said : “We stand ready to support the government’s efforts to further fuel FDI so that pursuing business opportunities in the Philippines will be mutually beneficial for investors and the domestic economy,” External link

bworldcom Wednesday, June 19, 2019 11:13:00 PM EAT

Benjamin E Diokno said : “Actually, maraming idle na dollars kami ngayon Hindi namin nagagastos (We have a lot of idle dollars we’re not spending),” External link

bworldcom Tuesday, June 18, 2019 4:37:00 PM EAT

Benjamin E Diokno said : “But while the external environment is challenging, I am cautiously optimistic about the current state of the Philippine economy,” External link

manilametro Tuesday, June 11, 2019 5:38:00 AM EAT

Benjamin E Diokno said : “There was no direct imposition against the Philippines in terms of the country’s exposure to the products imposed with tit-for-tat measures between the US and China. But the extent of the impact would depend on the industries affected,” External link

manilametro Tuesday, June 11, 2019 5:38:00 AM EAT

Benjamin E Diokno said : “But while the external environment is challenging, I am cautiously optimistic about the current state of the Philippine economy,” External link

bworldcom Friday, June 7, 2019 8:41:00 PM EAT

Benjamin E Diokno said : “There was no direct imposition against the Philippines in terms of the country’s exposure to the products imposed with tit-for-tat measures between the US and China. But the extent of the impact would depend on the industries affected,” External link

bworldcom Friday, June 7, 2019 8:41:00 PM EAT

Benjamin E Diokno said : “The 3.2% inflation rate in May cannot be viewed as a reversal of the six months of progressive decline of inflation rates prior to the May number. One data point does not constitute a trend. That’s elementary. We are confident that the average inflation rate in the third quarter would be in the neighborhood of 2% because of base effects, declining world oil prices and the appreciating peso,” External link

bworldcom Thursday, June 6, 2019 6:37:00 PM EAT

Benjamin E Diokno said : “Proper use will encourage further cuts and speculation will do otherwise,” External link

bworldcom Friday, May 31, 2019 6:43:00 PM EAT

Benjamin E Diokno said : “We worked against the backdrop of an anticipated global growth moderation. We agreed on a number of possible interventions, from shorter term initiatives to our longer term goals. This leaves us with a road map geared towards sustaining market resiliency,” External link

bworldcom Tuesday, May 28, 2019 10:38:00 PM EAT

Benjamin E Diokno said : “For thrift banks, the RRR cut was by 200 bps from eight percent to six percent… : 100 bps effective May 31… 50 bps effective June 28… and 50 bps effective July 26…,” “For rural and cooperative banks, the RRR was cut by 100 bps from five percent to four percent, effective May 31… The BSP will issue the necessary circular shortly” External link

bworldcom Thursday, May 23, 2019 9:29:00 PM EAT

Benjamin E Diokno told : “closely look at how banks will use funds freed up by RRR cut,” External link

bworldcom Friday, May 17, 2019 4:17:00 PM EAT

Benjamin E Diokno told : “to reduce speculation and allow bankers to prepare,” External link

bworldcom Friday, May 17, 2019 4:17:00 PM EAT

Benjamin E Diokno told : “The Monetary Board decided today to reduce the RRR by 200 bps — from 18% to 16% — to be implemented in three stages: 100bps effective May 31, 50bps effective June 28 and 50bps effective July 26,” External link

bworldcom Friday, May 17, 2019 2:28:00 AM EAT

Benjamin E Diokno said : “I think the (rating upgrade) is another factor that we can now move faster this time,” External link

bworldcom Monday, May 6, 2019 1:33:00 AM EAT

Benjamin E Diokno noted : “It is inevitable that we will have to cut both the reserve requirement ratio and the interest rate,” “We’re starting from the previous year’s 175-point increase. That’s not normal” External link

bworldcom Monday, May 6, 2019 1:33:00 AM EAT

Benjamin E Diokno explained : “It’s an election year. (Also), even if there’s not much construction, there’s what we call accounts payable or the payment for things we’ve done before. Private investment is quite active,” External link

bworldcom Friday, May 3, 2019 3:42:00 PM EAT

Benjamin E Diokno said : “Over the years, the BSP has remained committed to its price and financial stability mandates, providing an enabling environment for the economy to flourish. Armed with a new charter that strengthens its ability to carry out its primary mandate of price stability and supervise the banking sector, the BSP will continue to lend support to the economic development goals of the country,” External link

bworldcom Tuesday, April 30, 2019 10:48:00 PM EAT

Benjamin E Diokno said : “The BSP knows that further risks can emerge from prolonged El Niño weather condition and higher-than-expected global oil and food prices. For 2020, the risks lean toward the downside amid a slowdown in global economic activity,” External link

bworldcom Sunday, April 28, 2019 7:43:00 PM EAT

Benjamin E Diokno added : “Thus, the BSP will remain data-driven at all times in our policy decision-making and our actions will be determined by our inflation outlook. The BSP remains focused on safeguarding and promoting price stability conducive to a balanced and sustainable economic growth,” External link

bworldcom Sunday, April 28, 2019 7:43:00 PM EAT

Benjamin E Diokno said : “We’re considering it. I’m sure that will be on the agenda in the next policy meeting,” External link

bworldcom Sunday, April 28, 2019 7:43:00 PM EAT

Benjamin E Diokno said : “The BSP knows that further risks can emerge from prolonged El Niño weather condition and higher than expected increasing global oil and food prices. For 2020, the risks lean toward the downside amid slowdown in global economic activity,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno added : “Thus, the BSP will remain data-driven at all times in our policy decision-making and our actions will be determined by our inflation outlook. The BSP remains focused on safeguarding and promoting price stability conducive to a balanced and sustainable economic growth,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno said : “On balance, therefore, our prevailing monetary policy stance remains appropriate, given the confluence of easing inflation and firm growth dynamics. The BSP continues to gauge the impact of its monetary policy responses on domestic economic conditions to ensure that inflation remains on track toward the government’s target of 2-4% and that inflation expectations remain anchored,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno added : “The BSP will continue to provide an enabling environment for sustainable, robust, and more inclusive economic growth by staying committed to its price and financial stability mandates,” External link

bworldcom Friday, April 26, 2019 3:14:00 PM EAT

Benjamin E Diokno said : “It’s a question of timing which will be first, the rates cut or the cut in the reserve ratio,” External link

bworldcom Sunday, April 14, 2019 8:56:00 PM EAT

Benjamin E Diokno said : “We’re considering it. I’m sure that will be on the agenda in the next policy meeting,” External link

bworldcom Sunday, April 14, 2019 8:56:00 PM EAT

Benjamin E Diokno said : “We’re considering it. I’m sure that will be on the agenda in the next policy meeting,” External link

bworldcom Friday, April 12, 2019 7:44:00 PM EAT

Benjamin E Diokno said : “We increased interest rates by 175 bps last year. Now that inflation has normalized, I think there’s room for some easing or relaxation,” External link

bworldcom Friday, April 12, 2019 7:44:00 PM EAT

Benjamin E Diokno said : “It’s not a matter of whether we will cut, but it’s a case of when or the timing” External link

bworldcom Friday, April 12, 2019 7:44:00 PM EAT

Benjamin E Diokno said : “Against this backdrop, the BSP will continue to keep a close watch over price developments in the country and shall consider all relevant information at its next monetary policy meeting on May 9 to ensure that the monetary policy stance remains consistent with the BSP’s primary mandate of price stability,” External link

bworldcom Friday, April 5, 2019 6:23:00 PM EAT

Benjamin E Diokno said : “Global markets were turbulent when we closed 2018 and there are new developments at the start of 2019 that could affect financial markets,” External link

pna Thursday, March 14, 2019 9:05:00 AM EAT

Benjamin E Diokno said : “Given the decelerating inflation in the Philippines, there’s an opportunity for monetary easing but as I’ve said, that would be dependent on the data that will be given to us by our technical staff,” External link

bworldcom Monday, March 11, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “Given the decelerating inflation in the Philippines, there’s an opportunity for monetary easing but as I’ve said, that would be dependent on the data that will be given to us by our technical staff,” External link

bworldcom Friday, March 8, 2019 9:19:00 PM EAT

Benjamin E Diokno said : “Policy ‘yun ni (That’s a policy of) Nesting. Mataas talaga ‘yun (The current RRR is really high),” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “As you can see, inflation last month was [at] 3.8%. It breached all the consensus. It shows a declining pattern,” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “I said any of the DGs (BSP deputy governors) can be considered. Don’t appoint a banker,” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno told : “We can expedite the…reduction in the reserve requirement… Mataas talaga iyon (that’s high),” External link

bworldcom Wednesday, March 6, 2019 10:07:00 PM EAT

Benjamin E Diokno said : “Policy statements will be evidence-based and it should be the outcome of deliberations by the seven-man Monetary Board,” External link

bworldcom Wednesday, March 6, 2019 12:21:00 AM EAT

Benjamin E Diokno said : “The content and form of the budget is an executive decision,” External link

bworldcom Wednesday, February 20, 2019 11:43:00 PM EAT

Benjamin E Diokno told : “Legislators should not pressure the President on how he will exercise his constitutional duty,” External link

manilametro Thursday, February 14, 2019 2:00:00 PM EAT

Benjamin E Diokno said : “We recognize that there’s a forthcoming election, there will be an election ban. Fortunately, foreign-assisted projects are not covered by the ban,” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno added : “There are a lot of foreign-assisted projects. The train from Davao is ongoing,” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno said : “I think what is needed is a detailed list of projects, not blanket authority (from the Comelec),” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno said : “Let’s wait, it could either lapse into law or the President will sign it. But certainly, a veto is not possible. I’m confident,” External link

bworldcom Wednesday, February 13, 2019 7:20:00 PM EAT

Benjamin E Diokno told : “Legislators should not pressure the President on how he will exercise his constitutional duty,” External link

bworldcom Sunday, February 10, 2019 8:56:00 PM EAT

Benjamin E Diokno said : “Whatever is the real purpose of the House in calling me, I will appear in Congress. However, I take my duty to the people very seriously,” “It is only right that we prepare in order to give the Filipino people a complete and clear picture of the matter, and avoid giving information that only suits a specific agenda. We are definitely cooperating but it is imperative that we be given the proper amount of time to prepare,” External link

bworldcom Friday, February 8, 2019 7:15:00 PM EAT

Benjamin E Diokno said ( about Commission ) : “We are ready to submit a memo to the President to ask Comelec (Commission on Elections) to exempt… at least the 75 major projects so that there will be little disruption in our ‘Build, Build, Build’ program. We’re unanimous on that,” External link

bworldcom Thursday, January 31, 2019 1:39:00 AM EAT

Benjamin E Diokno said : “We have yet to receive the order and we will answer at the right time” External link

bworldcom Tuesday, January 29, 2019 8:50:00 PM EAT

Benjamin E Diokno said : “We welcome it so that the issue will be solved once and for all. There’s a difference in his interpretation… to them it’s a mandamus case,” “We have to wait for the passage of the 2019 General Appropriations Act. (GAA) Otherwise, we do not have legal basis for the implementation of the fourth tranche,” External link

bworldcom Monday, January 14, 2019 8:20:00 PM EAT

Benjamin E Diokno said : “As far as I can remember, they just ran out of time. There are some agencies that have not discussed budgets on the floor. There are six agencies remaining, and I don’t see any big problems along the way. It’s just a matter of time,” External link

bworldcom Monday, January 14, 2019 8:20:00 PM EAT

Benjamin E Diokno said : “We have an expansionary fiscal policy so we can upgrade our public infrastructure, as well as provide our people with quality and accessible healthcare, education, and poverty-reduction programs. With the pace of public spending, it is clear that the government is following through with its ambitious plans, especially ‘Build Build Build’,” External link

bworldcom Friday, January 11, 2019 2:38:00 AM EAT

Benjamin E Diokno said : “In fact that’s one of the fastest growth rates in this part of the world, especially since the World Bank and the IMF are forecasting a global slowdown because of the trade war with China. It’s still early in the game for a downward adjustment. So were optimistic that we will still hit our seven percent,” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said ( about Rodrigo R Duterte ) : “Infrastructure spending surged to 6.3% of GDP in 2017 and is projected to hit 6.2% of GDP in 2018, almost tripling the average two percent of GDP spent from 1986 to 2016. This is in line with the Duterte administration’s target of increasing infrastructure spending to more than 7% of GDP by 2022,” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “As long as the Senate and the House act on the budget, then we’ll probably hit it. The 2018 budget was extended [since Congress has yet to ratify the proposed P3.757-trillion 2019 national budget]. There were some appropriations released but have yet to be obligated, so that will help,” “And depending also on the speed on how we contract our foreign loans, so I’m optimistic that we’ll hit the target for this year” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “The best time to build is during the first six moths of the year, but depending on the weather pattern. But with climate change hindi mo na alam kung ano ang tagulan… (we no longer know when to expect rains) so if we miss that, we can still make up kung walang (if there are no) major typhoons. Some major projects are not susceptible to the weather,” “This fast-tracked spending performance addresses the country’s under-investment in infrastructure, which has severely dragged the Philippines’ economic performance in the past” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “We are confident this time we will hit 7-8% growth rate. At least seven percent,” “And inflation will be much much lower this year. Our target is 2-4%, but as you know because of the base effects, we’ll probably end up closer to two percent than to four percent” External link

bworldcom Thursday, January 10, 2019 2:23:00 AM EAT

Benjamin E Diokno said : “I have already organized a task force to study. We hired a third party to study the wage structure right now at this time for the 2020 to 2022 salary adjustment,” “There will be, it’s not just a possibility. But by how much is not yet certain,” External link

bworldcom Wednesday, January 9, 2019 6:58:00 PM EAT

Benjamin E Diokno said : “on the contrary, we have adopted an expansionary fiscal policy and with tax reform and moderate deficit to GDP ratio of around 3.0% we can embark on an audacious ‘Build, Build, Build’ program and higher investment in human capital” External link

bworldcom Monday, January 7, 2019 7:39:00 PM EAT

Benjamin E Diokno said : “Worst case, i- invoke namin ’yung unmanageable public sector deficit. Gagawin namin (We will make it) 30%… of the total (national government tax collections) which is approximately equal to the current system,” External link

bworldcom Wednesday, December 26, 2018 12:13:00 AM EAT

Benjamin E Diokno recalled : “We cleared that (IRA stand) with the President. He said (of bigger fiscal deficit proportion to GDP) ‘not during my watch,’” External link

bworldcom Wednesday, December 26, 2018 12:13:00 AM EAT

Benjamin E Diokno said : “We estimate that in total, a reenacted budget for the first quarter of 2019 will reduce total disbursements by an estimated P44 billion for one quarter — if it is delayed by one quarter. However, if it’s not passed at all, on a full year basis it will reach P219.8 billion or P220 billion,” External link

bworldcom Wednesday, December 19, 2018 8:14:00 PM EAT

Benjamin E Diokno said : “but they will be based on the 2018 level,” “This means that salary adjustments for civilian and military personnel which are programmed for 2019 will have to wait. I repeat: the fourth tranche of the salary standardization for government employees will be deferred until such time the 2019 General Appropriations Act is passed into law,” External link

bworldcom Wednesday, December 19, 2018 8:14:00 PM EAT

Benjamin E Diokno said : “There is no insertion in the budget. That term is a misnomer. Changes during budget preparation are ‘adjustments’,” External link

bworldcom Thursday, December 13, 2018 6:14:00 PM EAT

Benjamin E Diokno said : “We are glad to report that government spending has continued its strong outturn in the month of October, driven by our huge investments on social services and ‘Build Build Build’ [infrastructure development program],” “There is no underspending, as critics falsely claim, and this is validated by the numbers. We’ll have a strong finish in 2018,” External link

bworldcom Wednesday, December 12, 2018 10:32:00 PM EAT

Benjamin E Diokno said : “DBM is only in charge of overseeing the budget process, as well as the allocation and release of funds. Implementing projects is not our job. There is no such thing as pork or insertions,” External link

bworldcom Wednesday, December 12, 2018 7:27:00 PM EAT

Benjamin E Diokno said : “We found out we’re still short on our commitment to disburse the equivalent of 5% of GDP for infrastructure. From 4.9% we want to make it 5%. That’s why I decided to adjust the budget of DPWH by setting aside P75.5 billion in additional funds, not P51 billion. That is not an insertion. That is part of the process,” External link

bworldcom Wednesday, December 12, 2018 7:27:00 PM EAT

Benjamin E Diokno said : “The additional time requested will enable the DBM to gather the necessary information and undertake coordination with the other agencies concerned,” External link

bworldcom Monday, December 10, 2018 6:56:00 PM EAT

Benjamin E Diokno said : “We all know that competition triggers efficiency and innovation. By fostering market competition, the government helps ordinary people afford necessities like rice, electricity, and medicine. It helps consumers to enjoy goods and services with lower prices and better quality,” External link

bworldcom Friday, February 3, 2017 11:04:00 PM EAT

Benjamin E Diokno added : “At the same time, entrepreneurs are more capable of starting up their own firms. With a more level playing field, as a result of competition, economic opportunities are made more accessible to all. In effect, we hit two birds with one stone: competition policy doubles as a poverty-reduction tool that improves the ease of doing business,” External link

bworldcom Friday, February 3, 2017 11:04:00 PM EAT

Benjamin E Diokno said : “These record levels of spending will align our country with its more vibrant neighbors and put us on track to achieve our vision of eradicating extreme poverty and transforming our economy into a high-income one by 2040,” External link

bworldcom Sunday, January 15, 2017 10:11:00 PM EAT

Benjamin E Diokno said : “A tax system that taxes income (personal and corporate) less, and taxes consumption more encourages investment. Higher spending in public infrastructure, in general, encourages private investment. For example, new highways or light rail transit lines that open up new communities, bring up new investment in housing facilities and new businesses,” External link

bworldcom Sunday, January 15, 2017 10:11:00 PM EAT

Benjamin E Diokno said : “We would be able to comply with the desire of the President to double their take home pay by January of 2018, okay?” External link

bworldcom Tuesday, January 3, 2017 9:43:00 PM EAT

Benjamin E Diokno said : “It will be a continuing program. An evaluation of whether it is effective or not won’t be done until after a few years of operation,” External link

bworldcom Monday, December 26, 2016 7:20:00 PM EAT

Benjamin E Diokno said : “This is the most anticipated move by the Fed, hence won’t change our fiscal program, especially the expenditure plan,” External link

bworldcom Thursday, December 15, 2016 8:06:00 PM EAT

Benjamin E Diokno added : “We expect the fed adjustment to be between 0.25-0.5% in the next 12 months,” External link

bworldcom Thursday, December 15, 2016 8:06:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
secretary94.12%EN02/03/201703/02/2017
finance secretary3.92%EN01/31/201731/01/2017
chief1.96%EN11/02/201602/11/2016
Names Lang Count
Benjamin E. DioknoEN96.00%
Benjamin E. DioknoFR4.00%


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