Benjamin Diokno

Last updated on 2017-10-18T08:05+0300.

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Benjamin Diokno said : “More products in the market will also bode well for capital market development,” External link

manilastandardtoday Wednesday, September 23, 2020 5:06:00 PM EAT

Benjamin Diokno said : “These ensure that TCs [trust corporations] will only tap entities that have a sound understanding of UITFs and are well-regulated and have the necessary infrastructure to distribute UITFs,” External link

manilastandardtoday Wednesday, September 23, 2020 5:06:00 PM EAT

Benjamin Diokno told : "As an economist, I always say that trade is welfare enhancing, it benefits both parties and so this is so unfortunate. But I don't think the EU parliament has a mandate to take back the GSP privileges," External link

abs-cbnnews Monday, September 21, 2020 8:09:00 AM EAT

Benjamin Diokno said : "It’s one-time, mandatory and non-extendable. We are expecting that there would be no further extension as far as the 60-day grace period is concerned," External link

abs-cbnnews Monday, September 21, 2020 6:33:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Friday, September 18, 2020 10:00:00 PM EAT

Benjamin Diokno explained : “Systemic risks may seem like a high-level concept but it really just means that financial authorities are looking for any sign that the operations of the financial market may be impaired to the detriment of the general public,” External link

tribuneonline Thursday, September 17, 2020 10:03:00 PM EAT

Benjamin Diokno said : “This unprecedented, once-in-a-lifetime pandemic requires an all-of-government approach,” External link

bloomberg Thursday, September 17, 2020 5:14:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Wednesday, September 16, 2020 5:48:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Wednesday, September 16, 2020 2:36:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Tuesday, September 15, 2020 3:47:00 PM EAT

Benjamin Diokno said : “This unprecedented, once-in-a-lifetime pandemic requires an all-of-government approach,” External link

news-yahoo Monday, September 14, 2020 2:47:00 PM EAT

Benjamin Diokno said : “The SWS survey is based on [the] perception of 2,000 adults. I cannot imagine how the economy will be worse off 12 months from now, coming from a record-breaking contraction in the second quarter of 2020, owing to the total lockdown in March, April and May,” External link

manilatimes Monday, September 14, 2020 12:33:00 AM EAT

Benjamin Diokno added : “So it boggles my mind how the economy will be worse 12 months from now… We’re in [a] better shape now than we were three months ago. Based on available information, I truly believe that [the] worst is behind us,” External link

manilatimes Monday, September 14, 2020 12:33:00 AM EAT

Benjamin Diokno said : “The credit quality of thrift banks also remained satisfactory,” External link

manilatimes Saturday, September 12, 2020 9:22:00 PM EAT

Benjamin Diokno said : “The SWS survey is based on [the] perception of 2,000 adults. I cannot imagine how the economy will be worse off 12 months from now, coming from a record-breaking contraction in the second quarter of 2020, owing to the total lockdown in March, April and May,” External link

manilatimes Saturday, September 12, 2020 5:28:00 PM EAT

Benjamin Diokno added : “So it boggles my mind how the economy will be worse 12 months from now… We’re in [a] better shape now than we were three months ago. Based on available information, I truly believe that [the] worst is behind us,” External link

manilatimes Saturday, September 12, 2020 5:28:00 PM EAT

Benjamin Diokno said ( about Yang ) : "Yang SWS survey ay isang perception survey...Sa tingin ko unlikely naman, like yung na-experience natin na total lockdown nung April, May, I don't think na mangyayari yun," External link

abs-cbnnews Friday, September 11, 2020 7:56:00 AM EAT

Benjamin Diokno said : "Ang objective nito ay bigyan ng pagkakataon ang ating mga kababayan na makapag-subi naman for their retirement... Magandang batas ito na natulog... Ang role ng BSP ay i-enhance natin ito," External link

abs-cbnnews Friday, September 11, 2020 6:26:00 AM EAT

Benjamin Diokno said : “The GIR’s historic high level can be attributed essentially to effective reserves management by the central bank and the sustained net inflow of foreign exchange resulting from surpluses in external transactions,” External link

abs-cbnnews Thursday, September 10, 2020 4:46:00 PM EAT

Benjamin Diokno said : “Given the significant movement of gold prices over the past two years, 27.44 percent increase in 2019, and another 18.31 percent increase year-to-date this year, the expected increase in domestic gold purchases because of Republic Act (RA) 11256, the BSP expects that gold will continue to support the country’s GIR,” External link

pna Thursday, September 10, 2020 3:27:00 PM EAT

Benjamin Diokno said : “If we will compare domestic inflation with other countries, the prices of consumer goods and services in a typical Filipino basket are rising at a healthy pace,” External link

pna Wednesday, September 9, 2020 1:35:00 PM EAT

Benjamin Diokno said : “The creation of a regulatory framework for digital banks promotes a level playing field by allowing new entrants to credibly compete with incumbent banks, as well as prevents regulatory arbitrage,” External link

abs-cbnnews Wednesday, September 9, 2020 11:38:00 AM EAT

Benjamin Diokno said : “After laying the foundation of a digital ecosystem for PERA, we are targeting to reach 5 million Filipinos in a period of 5 years, or what we call ‘5 in 5.’ The target seems ambitious. But with more than 40 million locally employed Filipinos prior to the pandemic and around 2.2 million overseas Filipino workers, I am optimistic that this goal is easily attainable,” External link

manilastandardtoday Tuesday, September 8, 2020 3:52:00 PM EAT

Benjamin Diokno said : "The pandemic changed the way we live, work and communicate but the crisis also presents an opportunity to rethink our priorities and to prepare for our next steps moving forward," "We hope to encourage more Filipinos to plan and save for the future amid these challenging times...Preparation is key when thinking about retirement and there is no better way to prepare when you’re still able and working," External link

abs-cbnnews Tuesday, September 8, 2020 8:04:00 AM EAT

Benjamin Diokno said : "with no mandatory pension at all," External link

abs-cbnnews Tuesday, September 8, 2020 8:04:00 AM EAT

Benjamin Diokno said : "I think we have excess gold bars in relation to our gross international reserves that we may trade as the need arises," "I said, 'why are we not trading?' and they said that was the policy, they called it passive policy. So I said 'why don’t we trade now considering that our estimate... that our gold holdings at the moment is more than the optimal'," External link

abs-cbnnews Monday, September 7, 2020 6:06:00 AM EAT

Benjamin Diokno explained : “Before, the price of gold was in the neighborhood of $1.4 per FTO (fine troy ounces), now it’s around $2,000 per FTO,” “Second, a new law makes BSP gold purchases from small miners more attractive. Third, the gross international reserves (GIR) has grown to about $100 billion, the highest ever in the Philippine history,” External link

tribuneonline Sunday, September 6, 2020 11:06:00 PM EAT

Benjamin Diokno told : "The Monetary Board decided to shift from passive to active trading largely because of the change in the price dynamics of gold," External link

4-traders Saturday, September 5, 2020 1:02:00 PM EAT

Benjamin Diokno said : "will always be opportunistic in its reserves management," External link

4-traders Saturday, September 5, 2020 1:02:00 PM EAT

Benjamin Diokno said : “the prevailing interest rate environment and ample liquidity in the financial system, reflecting the significant monetary policy easing and liquidity enhancing measures undertaken thus far by the BSP, are seen to provide sufficient support to economic activity. Early signs of recovery in domestic activity are being noted, with further improvements expected as containment measures are relaxed further, and firms and households adjust better to the post pandemic operating environment” External link

abs-cbnnews Friday, September 4, 2020 12:14:00 PM EAT

Benjamin Diokno said ( about Bangko Sentral ) : "The Bangko Sentral ng Pilipinas is well-aware of the reported UCPB incident and has been in close coordination with the bank since the early part of its investigation," External link

4-traders Thursday, September 3, 2020 9:23:00 AM EAT

Benjamin Diokno said : “BSP supports the laudable objectives of FIST bill to induce economic activity and improve the liquidity of the financial system, enabling FI to respond to the looming increase in NPA and therefore, propel economic growth,” External link

tribuneonline Wednesday, September 2, 2020 10:23:00 PM EAT

Benjamin Diokno said : “Hence the establishment of resolution frameworks such as the FIST law will ensure that distressed financial institutions have a mechanism to strengthen their balance sheet,” External link

abs-cbnnews Wednesday, September 2, 2020 6:46:00 PM EAT

Benjamin Diokno said : “This benefit cannot be understated in a crisis, when lending to businesses is riskier but also more urgently needed,” External link

abs-cbnnews Wednesday, September 2, 2020 6:46:00 PM EAT

Benjamin Diokno said : “This is firmly in line with the BSP’s thrust to foster digitalization in the financial system and to bring the BSP closer to the people,” External link

manilastandardtoday Monday, August 31, 2020 4:18:00 PM EAT

Benjamin Diokno said : “The impact of peso movements in OFW remittances will depend on the motivation of the OFW in sending money back home. If the purpose of the transfer is to meet the required expenses of their dependents back home, then a peso appreciation is likely to drive the OFW to increase the dollar amount of remittances,” “On the other hand, if the remittance by the OFW is motivated by profits, or the desire to finance an investment in the home country, a peso appreciation may drive the OFW to send less to the Philippines…Historically, it appears that the altruistic motive has been a dominant factor for the level of remittances sent back home,” External link

tribuneonline Sunday, August 30, 2020 9:27:00 AM EAT

Benjamin Diokno explained : “Systemic risks may seem like a high-level concept but it really just means that financial authorities are looking for any sign that the operations of the financial market may be impaired to the detriment of the general public,” External link

tribuneonline Saturday, August 29, 2020 10:17:00 PM EAT

Benjamin Diokno explained : “Latest numbers show that income from pawnshop operation accounts for 64 percent of the total gross income while income from remittance services account for 35 percent,” External link

tribuneonline Saturday, August 29, 2020 10:17:00 PM EAT

Benjamin Diokno concluded : “Moving forward, the BSP will continue to monitor emerging price developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved,” External link

tribuneonline Saturday, August 29, 2020 10:17:00 PM EAT

Benjamin Diokno explained : “From a monetary policy perspective, the stability of the currency has helped to temper inflationary pressures arising from increases in international prices of commodities, particularly crude oil, as well as agricultural food commodities,” External link

tribuneonline Thursday, August 27, 2020 11:29:00 PM EAT

Benjamin Diokno said : “Investing in green bonds provides diversification benefits,” External link

bloomberg Thursday, August 27, 2020 12:39:00 PM EAT

Benjamin Diokno said : “Also, there is room to further reduce the reserve requirement,” External link

manilatimes Wednesday, August 26, 2020 5:18:00 PM EAT

Benjamin Diokno said : “The situation calls for everyone to pitch in, from exercising prudent health protocols to the financial authorities thinking out-of-the-box to address a once-in-a-lifetime shock,” External link

abs-cbnnews Wednesday, August 26, 2020 2:18:00 PM EAT

Benjamin Diokno said : “With the policy rate at 2.25 percent and inflation well within target, there is room for further adjustment in the key rate. The BSP is prepared to do more if warranted,” External link

tribuneonline Tuesday, August 25, 2020 10:18:00 PM EAT

Benjamin Diokno said : “On market confidence, the major indicators suggest the financial markets are responding well to our policy responses. The peso is the strongest currency in Asia, recording a year-to-date appreciation of 4.30 percent against the US dollar on 19 August,” External link

tribuneonline Tuesday, August 25, 2020 10:18:00 PM EAT

Benjamin Diokno said : "go up to 40 percent, which to me is unacceptable," External link

abs-cbnnews Tuesday, August 25, 2020 10:33:00 AM EAT

Benjamin Diokno said : “The BSP has been cutting interest rates. In fact, the policy rate is now 2.25 percent. That’s the lowest ever seen but the interest on credit card loans go up to about 40 percent. To me that is unacceptable,” External link

tribuneonline Monday, August 24, 2020 11:51:00 PM EAT

Benjamin Diokno said : “We have been circulating the draft memo to the stakeholders and we expect to have some feedback within maybe two weeks,” External link

tribuneonline Monday, August 24, 2020 11:51:00 PM EAT

Benjamin Diokno told : "goes up to 40 percent, which to me is unacceptable," External link

abs-cbnnews Monday, August 24, 2020 7:00:00 AM EAT

Benjamin Diokno said : "we are always data-dependent so we continue to evaluate the situation" External link

abs-cbnnews Monday, August 24, 2020 7:00:00 AM EAT

Benjamin Diokno said : "I think we have to appreciate that monetary policy works with a lag now that the economy has started to open, I think it’s time for us to pause and see how the economy is absorbing our monetary policy," External link

abs-cbnnews Monday, August 24, 2020 7:00:00 AM EAT

Benjamin Diokno said : "Kung meron ka mang pinirmahan na sabi nila magkakaroon ng Bayanihan 2, hindi ka mag-a-avail nun, hindi valid yung pinirmahan mong waiver na yun," External link

abs-cbnnews Monday, August 24, 2020 5:28:00 AM EAT

Benjamin Diokno said : “It is critical to be vigilant against fraudsters and cyber criminals who take advantage of this change in consumer behavior,” External link

tribuneonline Friday, August 21, 2020 10:17:00 PM EAT

Benjamin Diokno said : “The balance of risks to the inflation outlook also leans toward the downside from 2020 until 2022, owing largely to potential disruptions to domestic and global economic activity amid the ongoing pandemic,” External link

manilatimes Friday, August 21, 2020 6:20:00 PM EAT

Benjamin Diokno said : “A prudent pause will enable the cumulative 175-basis-point reduction in the policy rate, as well as other monetary and regulatory relief measures by the BSP to fully work their way through the economy, even as the national government continues to implement interventions to bolster economic activity and protect human lives and livelihoods,” External link

manilatimes Friday, August 21, 2020 6:20:00 PM EAT

Benjamin Diokno said : “At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.25 percent,” “The interest rates on the overnight deposit and lending facilities were likewise kept at 1.75 percent and 2.75 percent respectively,” External link

tribuneonline Friday, August 21, 2020 12:13:00 AM EAT

Benjamin Diokno told : “The Monetary Board has increased the real estate loan limit of universal and commercial banks from 20 percent to 25 percent,” External link

tribuneonline Friday, August 21, 2020 12:13:00 AM EAT

Benjamin Diokno said : “The Monetary Board’s decision was based on its assessment that the inflation environment remains benign. While latest baseline forecasts have risen slightly due to the higher-than-expected inflation in July and recent increases in global crude oil prices, the future inflation path remains firmly within the government’s 2-4 percent target,” “The balance of risks to the inflation outlook also leans toward the downside from 2020 until 2022 owing largely to potential disruptions to domestic and global economic activity amid the ongoing pandemic. Meanwhile, inflation expectations remain broadly consistent with the inflation target,” External link

manilastandardtoday Thursday, August 20, 2020 4:11:00 PM EAT

Benjamin Diokno said : "The Monetary Board decided to maintain interest rate of the BSP overnight reverse repurchase facility at 2.25 percentThe decision is based on its assessment that the inflation environment remains benign," External link

abs-cbnnews Thursday, August 20, 2020 12:21:00 PM EAT

Benjamin Diokno said : “Aside from enhancing BSP’s quality of service, BOB empowers financial consumers by giving them a more accessible channel for raising complaints,” “This is in line with BSP’s commitment to pursue innovations in financial services for the benefit of Filipinos,” External link

tribuneonline Wednesday, August 19, 2020 10:54:00 PM EAT

Benjamin Diokno said : “We got high ratings from global credit watchers Fitch Ratings, S&P Global Ratings and Moody’s Investors Service. So there is high confidence on the peso,” External link

manilastandardtoday Monday, August 17, 2020 5:33:00 PM EAT

Benjamin Diokno said : "The 16.5% contraction of Q2 GDP does not mean that the Philippine economy is structurally weak. It is inappropriate to compare the Q2 performance of the economy with other crises in recent Philippine history: the 1984-85 pre-EDSA I crisis, the 1997-98 Asian Financial crisis; and the 2007-2008 Global Financial crisis," "I remember vividly that in previous crises, the peso depreciated, interest rates rose, public debt-to-GDP ratio expanded, gross international reserves thinned, and the banking industry wobbled. In sum, there were inherent weaknesses in the economy then. I recall that in the 80s, the Philippines belong to a select group called Heavily indebted countries (HICs)," External link

manilametro Monday, August 17, 2020 1:21:00 PM EAT

Benjamin Diokno said : "The 16.5% contraction of Q2 GDP does not mean that the Philippine economy is structurally weak. It is inappropriate to compare the Q2 performance of the economy with other crises in recent Philippine history: the 1984-85 pre-EDSA I crisis, the 1997-98 Asian Financial crisis; and the 2007-2008 Global Financial crisis," "I remember vividly that in previous crises, the peso depreciated, interest rates rose, public debt-to-GDP ratio expanded, gross international reserves thinned, and the banking industry wobbled. In sum, there were inherent weaknesses in the economy then. I recall that in the 80s, the Philippines belong to a select group called Heavily indebted countries (HICs)," External link

irishsun Monday, August 17, 2020 11:51:00 AM EAT

Benjamin Diokno told : “Since the enactment of the law in 2009, the BSP has been able to collect from banks a total of P10.3 billion as penalties for under or non-compliance with the mandated Agri-Agra law,” External link

tribuneonline Friday, August 14, 2020 10:20:00 PM EAT

Benjamin Diokno explained : “The sector also contributed $5.06 billion or 11.1 percent of the country’s exports in 2019,” “During the second quarter of the year, only the agriculture sector managed to grow — by a modest 1.6 percent. This underscores its resilience,” External link

tribuneonline Friday, August 14, 2020 10:20:00 PM EAT

Benjamin Diokno said : "It will significantly strain the liquidity and capital position of banks. The inability of a bank to service withdrawals will trigger a bank run and will undermine the confidence of the public in the banking system," External link

abs-cbnnews Friday, August 14, 2020 7:33:00 AM EAT

Benjamin Diokno said : “Third, is the international confidence [on the economy. We got high ratings from global credit watchers Fitch Ratings, S&P Global Ratings and Moody’s Investors Service. So there is high confidence on the peso,” External link

manilastandardtoday Thursday, August 13, 2020 3:32:00 PM EAT

Benjamin Diokno said : “Along with sound economic management, reforms involving industry and foreign exchange liberalization, tax and debt management, and the financial sector have helped strengthen the regulatory environment and the economy’s capacity to absorb shocks,” External link

abs-cbnnews Thursday, August 13, 2020 1:06:00 PM EAT

Benjamin Diokno said : “Thus indicates that banks have continued to grant new loans or refinance existing ones to MSME and large enterprises even through the quarantine. We see this contributing positively to whole-of-nation efforts to mitigate the economic impact of the health crisis,” External link

tribuneonline Tuesday, August 11, 2020 10:59:00 PM EAT

Benjamin Diokno said : “The setback is temporary. Recovery can come quickly once consumer confidence returns, factories fired up, construction activity, particularly the BBB [Build, Build, Build] Program, is ramped up, and transportation is fully restored,” External link

manilatimes Monday, August 10, 2020 10:13:00 PM EAT

Benjamin Diokno said : "This crisis is different from the crisis that I’ve seen in my lifetime. This is going to be temporary, so as soon as consumer confidence is back, as soon as business sector investment is back, I think we’ll recover as quickly as possible," "Nowadays it’s different, the peso is one of the most appreciated currencies in this part of the world, our gross international reserves is at record high at $93.4 billion," External link

abs-cbnnews Monday, August 10, 2020 6:50:00 AM EAT

Benjamin Diokno said : "There is no compelling reason why the BSP has to move sooner, further policy cut at this time," "As you know the BSP has been one of the most aggressive central banks in the world in terms of monetary easingI don’t see any pressure for adjustment," External link

abs-cbnnews Monday, August 10, 2020 5:18:00 AM EAT

Benjamin Diokno said : "These are indications that the economy is starting to open up and we expect it to pickup much stronger if we fully open up the economy," External link

abs-cbnnews Monday, August 10, 2020 5:18:00 AM EAT

Benjamin Diokno said : “The Philippines is not one them,” External link

manilatimes Friday, August 7, 2020 8:59:00 PM EAT

Benjamin Diokno said : “Each individual has a role to play in winning the war against the virus. The virus won’t go away soon, so we have to learn to live with it,” External link

manilatimes Friday, August 7, 2020 8:59:00 PM EAT

Benjamin Diokno said : “Highly unlikely. From January to June, the rating agencies (Fitch Ratings, Moody’s Investors Service and Standard & Poor’s) have downgraded 82 sovereigns and revised to negative the outlook of 104 others. The Philippines was not one of them,” “The rating agencies have affirmed RP’s (Republic of the Philippines) investment grade rating and outlook,” External link

tribuneonline Friday, August 7, 2020 7:33:00 PM EAT

Benjamin Diokno said : “Highly unlikely. From January to June, the rating agencies [Fitch, Moody’s and S&P] have downgraded 82 sovereigns, revised to negative outlooks 104 sovereigns. The Philippines is not one of them. The rating agencies have affirmed the RP’s investment grade ratings and outlook,” External link

manilastandardtoday Friday, August 7, 2020 3:12:00 PM EAT

Benjamin Diokno said : “But the recovery process is on its way and we expect a strong rebound of 6.5 percent to 7.5 percent in 2021. We should look beyond the current crisis. We should craft a strong economic recovery program accompanied by more structural reforms that would allow the Philippines to rebuild better for the future,” External link

manilastandardtoday Friday, August 7, 2020 3:12:00 PM EAT

Benjamin Diokno said : “economic managers view the economy's plunge in the second quarter as temporary resulting from the strict and comprehensive lockdown during the period owing to the coronavirus pandemic” External link

pna Friday, August 7, 2020 10:41:00 AM EAT

Benjamin Diokno said : "Highly unlikely...The sharp fall in Q2 GDP does not pose a danger to the Philippines strong macroeconomic fundamentals," External link

abs-cbnnews Friday, August 7, 2020 5:37:00 AM EAT

Benjamin Diokno said : “The Q2 GDP numbers were largely due to the comprehensive lockdown during the quarter. As we gradually reopen the economy, economic activity has started to pick up. No doubt, given the sharp drop of the economy in Q2, I am convinced that Q3 will be better than Q2, and that Q4 will be much better than Q3,” External link

thestandard-ph Thursday, August 6, 2020 10:59:00 PM EAT

Benjamin Diokno said : “Henceforth, the focus of national leaders should be on more localized village level or building level containment. Isolation facilities should be built in all major cities and large municipalities, in support of the government’s test, trace and treat strategy,” External link

thestandard-ph Thursday, August 6, 2020 10:59:00 PM EAT

Benjamin Diokno said : “I believe the worst is behind us. But we’re not out of the woods yet. The second quarter GDP numbers were largely due to the comprehensive lockdown during the quarter,” External link

tribuneonline Thursday, August 6, 2020 10:36:00 PM EAT

Benjamin Diokno said : “No doubt, given the sharp drop of the economy in the second quarter, I’m convinced that the third quarter will be better than the second, and that the fourth quarter will be much better than the third,” External link

inquirer Thursday, August 6, 2020 3:42:00 PM EAT

Benjamin Diokno said : “Isolation facilities should be built in all major cities and large municipalities, in support of the government’s test, trace and treat strategy,” External link

inquirer Thursday, August 6, 2020 3:42:00 PM EAT

Benjamin Diokno said : "the worst is behind us, but not out of the woods yet" External link

abs-cbnnews Thursday, August 6, 2020 9:37:00 AM EAT

Benjamin Diokno added : "The Q2 GDP numbers were largely due to the comprehensive lockdown during the quarter. As we gradually reopen the economy, economic activity has started to pick up. No doubt, given the sharp drop of the economy in Q2, I’m convinced that Q3 will be better than Q2, and that Q4 will be much better than Q3," External link

abs-cbnnews Thursday, August 6, 2020 9:37:00 AM EAT

Benjamin Diokno said : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Wednesday, August 5, 2020 9:12:00 PM EAT

Benjamin Diokno said : “The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to remain benign over the policy horizon due largely to the potential adverse impact of COVID-19 on the domestic and global economic prospects,” “The latest baseline forecasts indicate that inflation is likely to settle close to the mid-point of the government’s target range of 3.0 percent 1.0 percentage point [2 to 4 percent] for 2020 to 2022,” External link

manilastandardtoday Wednesday, August 5, 2020 8:00:00 PM EAT

Benjamin Diokno said : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Tuesday, August 4, 2020 9:58:00 PM EAT

Benjamin Diokno said : “What I can say is that if it is a single-digit decline [in the second-quarter GDP], that is nice But if that is higher than 20 percent, that is problematic,” External link

manilastandardtoday Monday, August 3, 2020 5:06:00 PM EAT

Benjamin Diokno said : "Two week shift from GCQ to MECQ for NCR and part of Region 4-A would have limited economic impact. But this highlights the inconvenient truth that the solution to this pandemic is not solely the responsibility of the government. It is equally the responsibility of the general public," External link

abs-cbnnews Monday, August 3, 2020 6:33:00 AM EAT

Benjamin Diokno said ( about Benjamin Diokno ) : "Let's just wait [for the numbers]. An economy is in recession if it sees two straight quarters of GDP contraction. Diokno said economic growth in the third quarter could be " External link

abs-cbnnews Monday, August 3, 2020 4:56:00 AM EAT

Benjamin Diokno said : "The most difficult quarter is the second quarter and we’ve passed that. I think we’re now on the rebound stage...I’ve seen the recovery is like a Nike swoosh," External link

abs-cbnnews Monday, August 3, 2020 4:56:00 AM EAT

Benjamin Diokno said : “This means that banks’ financing activities are supported by adequate capital, which is composed mainly of common equity and retained earnings,” External link

manilatimes Friday, July 31, 2020 9:50:00 PM EAT

Benjamin Diokno said : “We have to first look at the findings before making a decision,” External link

ibtimes Friday, July 31, 2020 2:02:00 PM EAT

Benjamin Diokno said : “Upward price pressures were due to higher domestic petroleum prices, as well as the uptick [in] rice prices for the month,” External link

manilatimes Friday, July 31, 2020 8:46:00 AM EAT

Benjamin Diokno said ( about Manila Electric ) : “These increases are partly offset by slightly lower electricity rates in Meralco (Manila Electric Co.)-serviced areas and the continued appreciation of the peso,” External link

manilatimes Friday, July 31, 2020 8:46:00 AM EAT

Benjamin Diokno said : “Upward price pressures were due to higher domestic petroleum prices, as well as the uptick [in] rice prices for the month,” External link

manilatimes Thursday, July 30, 2020 11:00:00 PM EAT

Benjamin Diokno said ( about Manila Electric ) : “These increases are partly offset by slightly lower electricity rates in Meralco (Manila Electric Co.)-serviced areas and the continued appreciation of the peso,” External link

manilatimes Thursday, July 30, 2020 11:00:00 PM EAT

Benjamin Diokno said : “Respondent banks attributed this to more uncertain prospects on the economy, banks’ lower tolerance for risk, and anticipated deterioration in borrowers’ profile and in the profitability of banks’ portfolios,” External link

manilatimes Thursday, July 30, 2020 10:22:00 PM EAT

Benjamin Diokno said : “When viewed at a different angle, the color of the thread shifts from gold to jade, and vice versa,” External link

manilatimes Wednesday, July 29, 2020 9:51:00 PM EAT

Benjamin Diokno said : “All these banknotes also have three-dimensional and holographic features,” External link

manilatimes Wednesday, July 29, 2020 9:51:00 PM EAT

Benjamin Diokno said : “The comparison between the two and a half months duration period prior to the lockdown from January 1 to March 16 and the period under lockdown from March 17 to May 31 indicates that the combined transactions of both PESONet and Instapay rose by over 70 percent in volume and 42 percent in value,” External link

manilatimes Wednesday, July 29, 2020 5:14:00 PM EAT

Benjamin Diokno added : “The BSP envisions an accelerated uptake of e-payment services through digital platforms like Instapay and PESONet in the next three years. It is our goal to have half of (the) financial transactions in volume and value be in digital form by 2023 if not sooner,” External link

manilatimes Wednesday, July 29, 2020 5:14:00 PM EAT

Benjamin Diokno said : “there is no significant difference in the cost of producing the enhanced banknotes” External link

pna Wednesday, July 29, 2020 3:36:00 PM EAT

Benjamin Diokno said : “We have to first look at the findings of the group before making a decision,” External link

bloomberg Wednesday, July 29, 2020 10:49:00 AM EAT

Benjamin Diokno said : "We’re very optimisticthere will be a lot of foreign investors coming," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno said : "The current monetary stance can hold for the next few quarters and I’m positive that what we’ve done is sufficient. We have released into the system some P1.3 trillion," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno said : "That is a big help for them because they are the biggest lenders to micro, small and medium enterprises. That cut translates into P10 billion of resources to thrift and rural banks... they are doing well, they are well-capitalized, profitable," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno added : "The most difficult quarter is the second quarter, we’ve passed that. We’re now on the rebound stage. I’ve seen the recovery is like the Nike shoes (logo). We’re now looking at a less negative or slightly positive third quarter," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno told ( about Gina Lopez ) : “We have to encourage the reopening of mines closed by Gina Lopez. I think it is about time to reopen because we can earn more (from gold production). Gold price is now at $1,800. Its already high,” External link

manilatimes Sunday, July 26, 2020 8:17:00 PM EAT

Benjamin Diokno told : “The peso has been broadly stable, supported by the Philippines’ strong external payments position,” External link

manilatimes Saturday, July 25, 2020 4:45:00 AM EAT

Benjamin Diokno replied : “We can sustain this for very long,” External link

manilatimes Saturday, July 25, 2020 4:45:00 AM EAT

Benjamin Diokno said : “What I am seeing now is that we will not return to nationwide, not even citywide lockdowns. I don’t see that happening anymore,” External link

gulf-times Friday, July 24, 2020 11:25:00 PM EAT

Benjamin Diokno added : “Now the BSP reiterates its commitment to use its entire arsenal of policy tools and instruments in a timely and prudent manner to help cushion the economy from the potential fallout,” External link

gulf-times Friday, July 24, 2020 11:25:00 PM EAT

Benjamin Diokno said : “Inequality has already been rising in Asia, and research shows how past pandemics led to higher income inequality and hurt the employment prospects of those with limited education,” External link

manilatimes Friday, July 24, 2020 9:12:00 PM EAT

Benjamin Diokno said : “This is a substantial increase from the P9.9 billion in MSME loans used by 55 banks immediately after the effectivity of the relief measure,” External link

manilatimes Thursday, July 23, 2020 9:35:00 PM EAT

Benjamin Diokno said : “The reduction is expected to increase lending capacity of these banks to support financing requirements of their micro-, small- and medium enterprise as well as rural community-based clients. It will also help lower intermediation costs and ease financial strain faced by these banks’ customers,” External link

manilastandardtoday Tuesday, July 21, 2020 3:27:00 PM EAT

Benjamin Diokno said : “This move is also part of the BSP’s omnibus package of reforms aimed at assisting the banking public with their liquidity requirements during the coronavirus disease 2019 pandemic and supporting the transition towards a sustainable recovery during the post- crisis period,” External link

manilastandardtoday Tuesday, July 21, 2020 3:27:00 PM EAT

Benjamin Diokno said : “These risks, in turn, are specifically defined, consistent with global understanding and practice. And the means for taking action are what we refer to as macroprudential policy,” External link

manilatimes Wednesday, July 15, 2020 8:16:00 PM EAT

Benjamin Diokno said : “Speaking as a central banker, we understand the added challenges that macroprudential policy put forward. But we are also committed to the value proposition of finance and to making the financial system increasingly resilient to different forms of shocks,” External link

manilatimes Wednesday, July 15, 2020 8:16:00 PM EAT

Benjamin Diokno said : “We fully recognize that challenges are out there today but we also cannot stay idle and allow the economy to collapse. The prudent approach is a calibrated opening of the economy,” External link

pna Wednesday, July 15, 2020 4:34:00 AM EAT

Benjamin Diokno said : “The BSP is actively pushing for the use of digital payments now as part of a safe and convenient payment system,” External link

manilatimes Tuesday, July 14, 2020 9:13:00 PM EAT

Benjamin Diokno said : “These risks, in turn, are specifically defined, consistent with global understanding and practice. And the means for taking action are what we refer to as macroprudential policy,” External link

manilatimes Tuesday, July 14, 2020 9:13:00 PM EAT

Benjamin Diokno said : “Speaking as a central banker, we understand the added challenges that macroprudential policy put forward. But we are also committed to the value proposition of finance and to making the financial system increasingly resilient to different forms of shocks,” External link

manilatimes Tuesday, July 14, 2020 9:13:00 PM EAT

Benjamin Diokno said : “Based on our reading of a wide array of indicators and our own surveillance of what is happening on the ground, we do not see any indications as of yet that our financial market has been impaired irreparably,” External link

manilastandardtoday Tuesday, July 14, 2020 3:21:00 PM EAT

Benjamin Diokno said : “The financial system [remains] strong but we must [continue to] be vigilant,” External link

manilastandardtoday Tuesday, July 14, 2020 3:21:00 PM EAT

Benjamin Diokno said : “The expectation is for the second-quarter [GDP contraction] to be much worse than the first quarter [of 0.2 percent decline]. The impact of COVID is broader and this suggests that we might have a U-shaped economic recovery,” External link

manilastandardtoday Tuesday, July 14, 2020 3:21:00 PM EAT

Benjamin Diokno said : “We know that this crisis may be protracted,” External link

news-yahoo Tuesday, July 14, 2020 7:56:00 AM EAT

Benjamin Diokno said : “We know that this crisis may be protracted,” External link

news-yahoo Tuesday, July 14, 2020 5:54:00 AM EAT

Benjamin Diokno said : “Given interlinkages across sectors, these may have significant financial stability implications,” External link

manilatimes Wednesday, July 8, 2020 9:31:00 PM EAT

Benjamin Diokno said : “The BSP will continue to communicate to Congress the importance of the reform to align our laws with international best practices, as well as to better protect our banking system and our people from potential fraudsters,” External link

manilatimes Wednesday, July 8, 2020 9:31:00 PM EAT

Benjamin Diokno said : “Apart from conducting investigations, we have reminded banks to strengthen their know-your-customers protocols and be very strict in knowing their clients. Moreover, banks are also reminded of their obligation to know [their] employees,” External link

manilatimes Wednesday, July 8, 2020 9:31:00 PM EAT

Benjamin Diokno said : “The BSP’s liquidity-enhancing measures are intended to reassure markets, restore business confidence and ensure quick recovery once the community quarantines are lifted,” “Besides the cumulative 175-basis point reduction in the policy rate, the 200 basis points reduction of the reserve requirement among others, the BSP also implemented other extraordinary liquidity measures to complement the national government’s efforts to mitigate the impact of COVID-19,” External link

manilastandardtoday Wednesday, July 8, 2020 4:08:00 PM EAT

Benjamin Diokno said : “The estimated BSP liquidity injection to the financial system is about P1.3 trillion, equivalent to 6.4 percent of the country’s GDP. The implementation of these measures has helped ensure ample liquidity as well as the proper functioning of the financial system during the lockdown,” External link

manilastandardtoday Wednesday, July 8, 2020 4:08:00 PM EAT

Benjamin Diokno said : "The Philippines entered into the global pandemic from a position of strength thus the sound fundamentals will lend support and propel the economy to strong recovery in the coming years," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Our experience with COVID-19 highlighted the increasing importance of digital transactions," "It is observed that the volume and value of the combined transactions of Pesonet and Instapay during the lockdown surged while the volume and value of check payments and ATM withdrawals declined," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Kung nahihirapan ka rin magbayad ng interes eh puwede mo naman kausapin ang mga bangko kasi tinulungan namin ang bangko," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "Hindi po tayo dapat ma-bother na maliit ngayong taon na ito, sa tingin po namin ay temporary lang itong nangyari sa atin. Dapat siguro mag export pa tayo ng maraming doktor, nurses, computer specialists in the future," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "The international scandal used the names of the Philippines’ 2 biggest banks, an attempt to cover the perpetrators track," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : “There are some activities that may not be able to take off at this time but there are some [that are] ready. Maybe about 70 percent of the economy can move forward,” External link

manilatimes Thursday, July 2, 2020 4:10:00 PM EAT

Benjamin Diokno explained : “The agreement signed today links the BSP’s Monetary Operations System (MOS) and the BTr’ National Registry of Scripless Securities (NRoSS). The connectivity of the MOS and NRoSS is the main infrastructure that would allow the issuance to be possible and would make the features of the BSP securities negotiable and attractive to the market,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno said : “The main purpose for the issuance of BSP securities is to manage liquidity in the financial system to support monetary policy transmission. The funds will remain locked away at the BSP until the securities mature or redeemed by the BSP before the original maturity date,” “In the meantime, the accepted interest rate for the BSP securities provides guidance for the market interest rates for similar instruments,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno concluded : “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

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno explained : “Human behavior is expected to change with social distancing as the new norm. People are expected to prefer using electronic payment and financial services to face-to-face and over-the-counter transactions,” “We need to quicken the adoption of the National QR (quick response) code standard to enable interoperable payments for person-to-person and person-to-merchant transactions,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Renowned for their agility, adaptability and digital fluency, fintechs are uniquely positioned to support the country’s bid to shape a new economy that is more resilient, inclusive and technology-enabled,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “This is an extraordinary situation but hopefully we will not hit the negative real interest rate. But even if that should happen, that is a come on for consumers to spend their money on worthwhile projects because why would one deposit money in the bank when one is not getting real interest?” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Higher gasoline, diesel and kerosene prices as well as the uptick in the price of rice due to supply bottlenecks contributed to positive price pressures during the month,” External link

manilatimes Wednesday, July 1, 2020 7:43:00 PM EAT

Benjamin Diokno added : “One of the priority policy initiatives lined up is open banking,” External link

manilastandardtoday Wednesday, July 1, 2020 1:53:00 PM EAT

Benjamin Diokno said : “The negative impact of the Covid-19 (coronavirus disease 2019) crisis is harsher than what was originally thought,” External link

manilatimes Monday, June 29, 2020 8:02:00 PM EAT

Benjamin Diokno said : “Inflation is the least of our worry at this time. We want people to spend money, in worthwhile projects. If you want to invest in a new house do it now, because conditions really are to your favor. Interest rates are so low and it will remain low for quite some time,” External link

abs-cbnnews Monday, June 29, 2020 8:15:00 AM EAT

Benjamin Diokno said : "The option to cut the RRR remains on the table as we’re monitoring the liquidity in the system," "We have not actually fully opened the economy so we don’t know what would be the behavior of consumers and banks as we open up the economy," External link

abs-cbnnews Monday, June 29, 2020 6:42:00 AM EAT

Benjamin Diokno said : “We continue to work closely with the fiscal authorities. We can act faster because the central bank is autonomous. We don’t need Congressional action or something like that. So, we thought that given the pandemic, we have to infuse liquidity into the system,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “Because of the pandemic, government revenues are reduced and at the same time, the government has to spend a lot of money for granting aid, subsidies, and for beefing up our health system. So higher spending, lower revenues. They need money, so we create them. We entered (into) a repo arrangement with them,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “At its meeting on monetary policy today, the MB decided to cut the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 50 basis points to 2.25 percent, effective Friday, 26 June 2020,” “The interest rates on the overnight deposit and lending facilities were reduced to 1.75 percent and 2.75 percent, respectively,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno explained : “Given these considerations, the MB decided that a further reduction in the policy rate amid a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno concluded : “The BSP remains committed to deploying its full range of monetary instruments and regulatory relief measures as needed in fulfillment of its mandate to promote non-inflationary and sustainable growth,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno said : “The Monetary Board decided that a further reduction in the policy rate amidst a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : “Keeping an accommodative stance will further ease the cost of borrowing and ensure ample credit and liquidity in the financial system as the economy transitions toward recovery in the coming months,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : "The international financial scandal used the names of two of the country's biggest banksBDO and BPIin an attempt to cover the perpetrators attack," External link

manilastandardtoday Wednesday, June 24, 2020 7:32:00 PM EAT

Benjamin Diokno said : “There’s too much liquidity in the system, so we have to seriously look at whether there’s a need for an additional cut in reserve requirement,” External link

news-yahoo Monday, June 22, 2020 10:19:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

JakartaPost Monday, June 22, 2020 7:07:00 AM EAT

Benjamin Diokno told : "Will there be a cut in the June to August meeting? We're looking at it and we're looking at information," External link

abs-cbnnews Monday, June 22, 2020 5:43:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," "The international financial scandal used the names of two of the country's biggest banks - BDO and BPI - in an attempt to cover the perpetrators' track," External link

dw-en Sunday, June 21, 2020 11:55:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

TheFrontierPost-en Sunday, June 21, 2020 11:48:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

news-yahoo Sunday, June 21, 2020 1:24:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

thenational Sunday, June 21, 2020 11:45:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

channelnewsasia Sunday, June 21, 2020 8:34:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

themalaymailonline Sunday, June 21, 2020 8:09:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 8:01:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 7:09:00 AM EAT

Benjamin Diokno said : “The BSP has fortified its rules on DOSRI to deter any opportunistic acts of directors, officers, stockholders and related interests (DOSRI) of banks,” “DOSRI rules are strictly enforced and violations of such rules are serious in nature and are not treated lightly by the BSP,” External link

pna Friday, June 19, 2020 10:02:00 AM EAT

Benjamin Diokno said : “However, considering that this is already under investigation, as well as the confidentiality of matters involving banks as provided for under its charter, the BSP cannot comment further,” External link

manilatimes Tuesday, June 16, 2020 8:11:00 PM EAT

Benjamin Diokno said : "not a major blow to our external position," "We still expect a positive balance of payment position," External link

abs-cbnnews Tuesday, June 16, 2020 5:20:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno explained : “Despite being resilient in past crises, OF remittances is seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection. This is due mainly to large repatriation of workers and major economic disruptions in host countries,” “The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “The overall BoP levels in 2020 and 2021 are projected to sustain the current surplus trend, though at levels lower than prior to the COVID-19 pandemic,” “BoP as percent of GDP (gross domestic product) will fall from 0.7 (as of November 2019) to 0.2 (as of May 2020); it will increase to 0.6 by 2021,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. [But] remittances are expected to bounce back by a 4-percent [growth] in 2021,” External link

manilastandardtoday Friday, June 12, 2020 5:00:00 PM EAT

Benjamin Diokno said : “Despite being resilient in past crises, OFW remittances are seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection,” External link

manilatimes Friday, June 12, 2020 8:17:00 AM EAT

Benjamin Diokno said : “While we have temporarily veered our attention away from the Road to A agenda because our focus at the moment is on saving lives, jobs and livelihoods, we welcome positive assessments from international observers like JCR,” “We hope this helps to uplift the Filipino spirit at this trying time and to inspire us to work harder together to emerge stronger after the pandemic,” External link

tribuneonline Thursday, June 11, 2020 10:40:00 PM EAT

Benjamin Diokno said : “If there’s a need for further loosening, we will apply the full powers of the central bank,” “I’m not saying we’re not gonna cut this year, or in the next meeting, but we’re closely looking at the data” External link

tribuneonline Monday, June 8, 2020 8:00:00 PM EAT

Benjamin Diokno said : “Hindi namin pwedeng i-pwersa yung bangko, diskarte ng bangko yan,” External link

abs-cbnnews Monday, June 8, 2020 11:58:00 AM EAT

Benjamin Diokno said ( about Labor ) : “The increase in unemployment in April 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) pandemic,” “Note that the April 2020 Labor Force Survey (LFS)was conducted from 20 April to 16 May, at the height of the ECQ. A big part of the economy was shuttered; the consequent rise in joblessness was State-induced,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno said : “I’m confident that the next jobs report which is due in August 2020 will show a starkly different picture. The next LFS will be conducted from 20 July to 15 August,” “Moving forward, as the containment measures are relaxed nationwide, job recovery is expected. But as job loss was uneven during the lockdown, so will job creation in the transition,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno concluded : “The BSP is committed to stave off prolonged and deeper economic contraction. 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

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 9:33:00 PM EAT

Benjamin Diokno said : “With the significant shift to digital financial services, it is critical to be vigilant against fraudsters and cyber criminals who take advantage of this change in consumer behavior,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “These phishing emails initially appear to provide information and how a person can protect himself or herself from Covid-19. Some even contain legitimate statements/advice from public officials or valid sources, but they are actually loaded with spyware,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Proper cyber hygiene and ensuring strict confidentiality of personal information are some of the most basic, but effective means of avoiding frauds,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Now, to ensure the financial services industry remains cyberresilient, the BSP put in place initiatives that support its regular supervisory activities,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 6:22:00 PM EAT

Benjamin Diokno said : “Inflation has monotonically dropped from 2.9 percent in January to 2.6 percent in February to 2.5 percent in March to 2.2 percent in April and now to 2.1 percent in May. The latest inflation number is consistent with the prevailing assessment by the BSP that inflation is expected to remain benign over the policy horizon due largely to the adverse impact of the coronavirus pandemic on the domestic and global economy,” External link

manilastandardtoday Friday, June 5, 2020 5:03:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

bworldcom Thursday, June 4, 2020 1:32:00 AM EAT

Benjamin Diokno said : “As we advance from the current crisis to the New Economy state, we need urgent reforms in the areas of public health, social protection, disaster response and countryside development. Reinforcing all these reforms is the digital imperative,” “The end goal is to have a New Economy, which ought to be safe, better and more technologically equipped than what we had before,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno explained : “Furthermore, we should fully operationalize the national ID system, pursue further efforts toward e-government services, provide enabling legal and regulatory environment and communicate the benefits of all of these to the public,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno said : “Lending to vulnerable sectors, led by MSMEs, will go a long way in helping speed up the economy’s recovery,” External link

manilatimes Wednesday, June 3, 2020 8:46:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

news-yahoo Wednesday, June 3, 2020 1:52:00 PM EAT

Benjamin Diokno said : "It's good that we have opened up the economy especially for the MSMEs," External link

abs-cbnnews Tuesday, June 2, 2020 6:17:00 AM EAT

Benjamin Diokno said : “Thanks to critical institutional reforms and sound policy management, we are in the advantageous position of having monetary space to carry out further easing, if necessary,” External link

tribuneonline Sunday, May 31, 2020 3:52:00 PM EAT

Benjamin Diokno said : "This is a big vote of confidence coming from the rating agency on the post-pandemic economic recovery of the Philippines," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : "The Philippines is defying the global trend of rating downgrades and negative rating outlook as an aftermath of the health crisis and the subsequent containment measures of many governments," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” “By necessity, forecast will be based on some scenario assumptions and estimates which would tend to have considerable uncertainty as they impact on the baseline projection prior to the coronavirus outbreak,” External link

tribuneonline Saturday, May 30, 2020 12:06:00 AM EAT

Benjamin Diokno said : “the decision to unwind Covid-19 policy responses must be done in a gradual, prudent and informed manner” “Complete risk assessment based on all available data must support the decision and timing of unwinding. Likewise, appropriate communication must accompany the decision to unwind,” External link

manilatimes Friday, May 29, 2020 9:44:00 PM EAT

Benjamin Diokno explained : “Higher domestic oil prices, as well as the uptick in the prices of various agricultural products due to supply bottlenecks and the impact of Typhoon ‘Ambo’ (international name: Vongfong) contributed to positive price pressures during the month,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said ( about Manila Electric ) : “Meanwhile, the electricity rates in Meralco (Manila Electric Co.)-serviced areas declined during the month despite the reported increase in the total electricity bill due to higher consumption,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “Moving forward, the BSP will remain watchful of economic and financial developments, and stand ready to take necessary policy actions to ensure the delivery of its primary mandate of price stability,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” External link

manilatimes Thursday, May 28, 2020 8:07:00 PM EAT

Benjamin Diokno pointed out : “The crisis has exposed the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of the COVID-19,” External link

bworldcom Wednesday, May 27, 2020 12:35:00 PM EAT

Benjamin Diokno told : "Given the subdued inflation, we might cut again...Right now we’re at 2.75 coming from 4 percent. We still have a lot of elbow room, I can tell you that," External link

abs-cbnnews Monday, May 25, 2020 5:25:00 AM EAT

Benjamin Diokno added : “even in the context of retaliatory tariffs between US and China, the country’s exports have remained broadly stable” External link

manilatimes Sunday, May 24, 2020 9:02:00 PM EAT

Benjamin Diokno added : “while the Philippines has been recognized as one of the top investment destinations post-COVID-19, the Executive, Congress, and the private sector have to unceasingly do more to further boost the country’s attractiveness to foreign investors” External link

pna Saturday, May 23, 2020 2:06:00 PM EAT

Benjamin Diokno said : “the political leadership and economic managers should focus on saving lives, saving livelihoods and saving jobs” External link

bworldcom Saturday, May 23, 2020 8:41:00 AM EAT

Benjamin Diokno said : “The BSP [is] yet to exhaust the conventional monetary instruments in its toolkit to support the liquidity requirements of the economy, should conditions warrant,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “The crisis has bared the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of Covid-19,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “as technology will play a pivotal role in reshaping the means of production and the delivery of goods and services in the post-Covid world,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “This will help ensure that food and other essential goods and services are available, accessible and affordable,” “For example, an efficient logistics system for agriculture facilitates the transport of agricultural inputs including farm equipment and machinery to farmers to keep food production uninterrupted,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “We expect financial institutions to provide and communicate the least burdensome payment options to their clients,” “They must consider this as their patriotic duty to help the public, especially the micro, small and medium enterprises during this challenging time” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “But for sure, we are better prepared this time than in 1997,” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “I wish it were under better circumstances that I will say this, but the fintech community has a lot to look forward to and even more to contribute in the shaping of the new economy — one defined by shared and sustainable prosperity,” “With our collective efforts, may we be able to look back at this crisis with no regrets for wasted opportunities,” External link

manilatimes Wednesday, May 20, 2020 9:57:00 PM EAT

Benjamin Diokno said : "Hinay-hinay lang po tayo (Let's be careful) but I can assure you that if there is a need for additional liquidity, BSP will cut the reserve requirement," External link

abs-cbnnews Wednesday, May 20, 2020 1:12:00 PM EAT

Benjamin Diokno said : “As a percentage of GDP, debt was estimated at below 40 percent as of end-2019,” External link

manilatimes Tuesday, May 19, 2020 11:36:00 PM EAT

Benjamin Diokno said : “BSP sees no apparent and immediate need to avail of IMF’s SLL. Structural reforms and sound economic management have helped the Philippines enter the COVID-19 (coronavirus disease) crisis from a position of strength,” External link

tribuneonline Tuesday, May 19, 2020 11:08:00 PM EAT

Benjamin Diokno told : “Although Philippine banks are adequately capitalized, have quality assets and have ample buffers, some may face financial distress if the pandemic and its aftermath — slower domestic and global economy and more risk-averse consumers — last indefinitely,” External link

manilatimes Tuesday, May 19, 2020 9:20:00 PM EAT

Benjamin Diokno said : “As I said before, structural reforms and sound economic management have helped the Philippines enter the COVID-19 crisis from a position of strength,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Second, the peso is stable. Year to date [as of May 15, 2020], the peso has outperformed most of its peers in the region which is least depreciated and second to the TWD [Taiwan dollar], which is the only currency that appreciated versus the US dollar,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “It is adequate to cover 7.9 months of imports of goods and services and payments of primary income,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Any such move (to help the economy), we welcome. In fact, we participated in the drafting of the Philippine Banking Industry Resiliency Act against COVID-19 pandemic. We call it the FIST or Financial Institutions Strategic Transfer,” External link

tribuneonline Monday, May 18, 2020 10:49:00 PM EAT

Benjamin Diokno said : “A lot of things depend on the behavior of the Filipino people. If we can avoid a second or a third wave, the forecast will be steady. That means a U-shape recovery. But in case there is a second wave, that could mean a W-shape recovery. That will be much worse than the revised forecast,” “You have to consider that a big chunk of the country is under modified quarantine. That is a positive, unless there is a deterioration in those hotspots. I think we are ready towards our move for normalization. So, I am optimistic that the forecast right now of the DBCC (Development Budget Coordination Committee) might hold,” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno explained : “On monetary, we have done a lot of anticipatory measures and we are looking at how it is easing the liquidity in the market. Whether it is helping what sector,” “On the fiscal side, they have also deployed a lot of initiatives so let’s see how it works” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno told : "A lot of things depend on the behavior of the people. If we can avoid a second or third wave, the forecast should be steady. In case there is a second wave, it will be much worse than the revised forecast," External link

abs-cbnnews Monday, May 18, 2020 4:56:00 AM EAT

Benjamin Diokno said : “Of course, [the] BSP will continue to closely monitor the level of remittances send by Filipino overseas workers, in addition [to] other inflows of foreign currencies. And we will continue to release monthly data on such foreign trade and incomes numbers,” External link

manilatimes Friday, May 15, 2020 9:57:00 PM EAT

Benjamin Diokno said : “That’s BSP’s latest forecast. As you know the government has now allowed Filipino overseas workers to leave the country, except health workers, who are most needed at home,” External link

manilastandardtoday Friday, May 15, 2020 5:24:00 PM EAT

Benjamin Diokno noted : “the government has now allowed OFWs to leave the country, except health workers who are most needed at home” External link

pna Friday, May 15, 2020 11:44:00 AM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus. What gets in the way is the absence of a supplemental budget,” External link

tribuneonline Tuesday, May 12, 2020 8:26:00 PM EAT

Benjamin Diokno said : “While the economy is likely to contract this year, the contraction would be less severe compared to most economies in the world,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : “In fact, barring a second wave of infections, I expect the economy to have a strong rebound, estimated at 7.8 percent in 2021,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : "Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget," External link

abs-cbnnews Tuesday, May 12, 2020 12:26:00 PM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget,” “Under the Bayanihan Act, the Congress authorized the President to rearrange the prioritization in the 2020 budget. Strictly speaking, there was no new appropriations. Hence, the impact of the fiscal stimulus is limited,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno explained : “Some of the new money can be used for emergency employment aimed at creating two million new jobs. These jobs will be allocated to 42,045 barangays, to be distributed based on the number of inhabitants per barangay and the level of unemployment per province or city,” “The emergency employment is quick-disbursing and will have high multiplier effect. It is pro-poor and egalitarian. It gives the ordinary worker a greater sense of self-respect since he works for the food on his table. By helping himself, the worker helps his fellowmen and society,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “We have to have an idea of how the new economy will look like. The economy will change drastically,” “The new economy will be much, much different. It has to be safer. It has to be better and it has to be tech savvy” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “There will be a strong recovery in the fourth quarter, assuming there’s no second wave,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “the workers will be paid 10 percent lower than the minimum wage rate in the region, will work for eight hours, five days a week, for seven months” External link

pna Monday, May 11, 2020 4:55:00 PM EAT

Benjamin Diokno said : "We expect the economy to go deeper in the second quarter because of the full effect of the lockdown," External link

abs-cbnnews Monday, May 11, 2020 5:41:00 AM EAT

Benjamin Diokno said : “The Philippine banking system will be able to withstand the adverse effects and uncertainties brought about by the COVID-19 (coronavirus disease) global pandemic because it is sound and resilient,” External link

tribuneonline Friday, May 8, 2020 11:31:00 PM EAT

Benjamin Diokno indicated : “The BSP has increased liquidity by reducing the reserve requirement ratio (RRR) by 200 basis points (bps) and cut policy rate by 125 bps,” External link

tribuneonline Thursday, May 7, 2020 11:26:00 PM EAT

Benjamin Diokno said : “Structural reforms and sound economic management over the years have provided us with monetary and fiscal space to safeguard lives and support livelihoods at this critical time,” “The BSP’s long list of prompt and decisive policy support measures–including the cumulative 125 basis points (bps) cut in the policy rate and the 200 bps reduction in the reserve requirement ratio so far this year–shows that we have been putting our elbow room to good use,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno explained : “The road to A may take a backseat for the moment. Our concern right now is to help our people rather than pursuing our road to A although we’re still confident that we may achieve A rating by 2022,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno said : "We’re forecasting a contraction in the second quarter and also in the third quarter. That’s why we’re talking about a U-shaped recovery. But we’re expecting a strong bounce back in the fourth quarter," External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “We expect these monetary policy measures to have a cascading impact on market interest rates, which would eventually translate to lower borrowing costs for the government as well as for firms and people,” External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “The latest baseline forecasts indicate that inflation could settle at the low end of the government’s target range of 3 percent plus or minus 1.0 percentage point, at 2 percent for 2020 and 2.5 percent for 2021,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno said : “Meanwhile, the domestic economy will likely follow a U-shaped recovery path. Growth is expected to bounce back to its potential output growth in 2021 supported by the measures under the government recovery plans,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno noted : “the importance of shifting consumer behavior toward e-payments, considering the limitations on people’s movement and activities during the ECQ” External link

tribuneonline Tuesday, May 5, 2020 12:55:00 PM EAT

Benjamin Diokno said : “We will use all our tools to help our people pass this coronavirus crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno said : “We’ll do anything to get us through this crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno added : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “In this regard, banks shall adopt a transition plan with specific timelines to implement the board-approved strategies and policies integrating sustainability principles into their corporate governance and risk management frameworks as well as in their strategic objectives and operations,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “But our relative position among emerging economies gives us confidence that the Philippines would have a U-shaped bounce back once the pandemic fades,” External link

manilastandardtoday Sunday, May 3, 2020 4:20:00 PM EAT

Benjamin Diokno added : “The Philippines before the coronavirus disease 2019 (COVID-19) crisis was on the road to A-rating. We’re not saying that the Philippines has not suffered from this crisis, together with the rest of the world,” External link

tribuneonline Friday, May 1, 2020 10:36:00 PM EAT

Benjamin Diokno said : “The fourth quarter growth of 0.4 percent and the 6.8 percent acceleration in the first quarter 2021 is consistent with ECQ for some areas ending on 15 May 2020 and a huge chunk of the economy would be on GCQ (general community quarantine) starting 1 May,” “The full year year BSP forecast consistent with this scenario is a whopping 7.8 percent recovery (in 2021),” External link

tribuneonline Thursday, April 30, 2020 10:30:00 PM EAT

Benjamin Diokno told : “A recession is defined as two consecutive quarters of negative growth. So, since growth is expected to be negative in the second quarter and third quarter of 2020, the Philippines will be in technical recession,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : “On the OFW (overseas Filipino workers) remittances, the BSP’s forecast before the pandemic was that the remittances would grow by 3 percent. After pandemic, BSP revised its forecast: OFW remittances would be lower by 0.2 to 0.8 relative to the original 3 percent forecast,” “Hence, BSP’s revised forecast is between 2.2 percent to 2.8 percent. To be on the conservative side, BSP forecasts that OFW remittances would increase by 2 percent over 2019 level of $33 billion,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : "We are moving towards normalization, from ECQ to GCQ," External link

abs-cbnnews Monday, April 27, 2020 5:48:00 AM EAT

Benjamin Diokno said : “The Philippines was in a sound fiscal and monetary state when the pandemic hit the country,” “The budget deficit was modest. The revenue base has been expanded with a series of new tax laws and improved revenue administration” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “The economy could slow down in the first quarter this year and contract in the second and third quarters, before gradually recovering in the fourth Inflation is expected to average at the low-end of the target range at 2% in 2020, down from the previous forecast of 2.2%, due to the continued collapse in global crude oil prices, the decline of non-oil prices and the effect of the virus. The average inflation forecast of 2.45% for 2021 is slightly higher than the previous prediction due to the projected strong recovery in domestic activity and higher liquidity growth Fiscal stimulus will counter the pandemic and an increase in the deficit-to-GDP ratio from 3.2% to 5.3% will drive the debt-to-GDP ratio from 40.5% in 2019 to 47%, which is modest by international standards,” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “BSP has a lot of arsenal for the war against Covid-19 (coronavirus disease 2019)” “And, of course, this is just (a) 35-day tenor so might as well earn some interest while banks (are) still risk averse,” External link

pna Tuesday, April 21, 2020 5:34:00 PM EAT

Benjamin Diokno said : “Worst case is negative one percent, best case is zero percent,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno said : “I think we should really take advantage of this crisis. There are really opportunities…we have to use this crisis as an opportunity to be stronger and more agile,” “I think this crisis has given us the opportunity to do electronic (banking) rather than the traditional one. We should accelerate digital payments,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno told : "We promise to do everything to show that we are ready, we are resilient. We still have a lot of bullets in our arsenal to help the national government meet this calamity," External link

abs-cbnnews Sunday, April 19, 2020 8:01:00 AM EAT

Benjamin Diokno added : “The BSP will subsequently issue the detailed guidelines on this and other related measures,” External link

manilatimes Sunday, April 19, 2020 12:07:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “On the policy rate, BSP raised it by 175 basis points in 2018 in response to the above normal inflation rate at that time. While the BSP has cut the policy rate by 150 basis points since I assumed office last year, the Philippines is now faced a once-in-a-lifetime crisis,” “It is now clear that reverting to where we were in 2018–policy rate at 3 percent–is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Thursday, April 16, 2020 10:56:00 PM EAT

Benjamin Diokno told : "Pinagbabawal natin yan to increase the integrity of the system," External link

abs-cbnnews Wednesday, April 15, 2020 7:18:00 AM EAT

Benjamin Diokno said : “BSP will continue to be data dependent keeping in mind that monetary policy works with a lag,” External link

manilatimes Monday, April 13, 2020 11:20:00 PM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown” External link

pna Monday, April 13, 2020 4:22:00 PM EAT

Benjamin Diokno said : “inflation is likely to end closer to the lower bound of the 2 to 4 percent target range” External link

pna Monday, April 13, 2020 4:37:00 AM EAT

Benjamin Diokno said : “It is now clear that reverting to where we were in 2018 — policy rate at 3 percent — is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The Monetary Board has authorized me to cut the reserve requirement ratio by 400 basis points. I’ve cut it by 200 basis points recently. The additional 200-basis point cut is forthcoming based on available data, the needs of the economy and the utilization of the additional liquidity,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The monetary authorities’ job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begins quickly once the pandemic fades. The BSP will continue to be data dependent, keeping in mind that monetary policy works with a lag,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : "is no longer the appropriate policy goal," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : "A deeper cut is warranted in response to the expected sharp economic slowdown," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : “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,” “The monetary authorities job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begin quickly once the pandemic fades” External link

news-yahoo Sunday, April 12, 2020 9:56:00 AM EAT

Benjamin 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," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The Philippines is now facing a once-in-a-lifetime crisis" "These new realities call for bolder but appropriate moves on the part of the BSP (central bank)" External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The monetary authority's job, in coordination with fiscal authorities, is to manage a 'soft' landing and ensure economic takeoff begins quickly once the pandemic fades," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin 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," External link

4-traders Sunday, April 12, 2020 6:53:00 AM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Friday, April 10, 2020 7:24:00 PM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Thursday, April 9, 2020 5:01:00 PM EAT

Benjamin Diokno said : “is not ruling out the possibility of an off-cycle monetary policy response,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : “could help minimise volatility in market rates,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : "We will have a lot of room for cutting interest rates," "There's a real risk that there will be a technical recession (in the second and third quarter)," External link

abs-cbnnews Sunday, April 5, 2020 5:27:00 AM EAT

Benjamin Diokno said : “The BSP has and is ready to employ the necessary tools in its arsenal to address the impact of COVID-19 while staying true to its mandate,” External link

manilastandardtoday Thursday, March 26, 2020 4:16:00 PM EAT

Benjamin Diokno told : “The reduction is intended to calm financial markets and encourage banks to continue lending to both the retail and corporate sectors,” External link

manilatimes Thursday, March 26, 2020 2:38:00 AM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Tuesday, March 24, 2020 6:15:00 PM EAT

Benjamin Diokno said : “The BSP will have to assess the impact of Covid-19 on the broader economy,” External link

pna Tuesday, March 24, 2020 12:49:00 PM EAT

Benjamin Diokno said : "promptly address any possible liquidity strain," External link

abs-cbnnews Tuesday, March 24, 2020 8:09:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

JakartaPost Tuesday, March 24, 2020 6:15:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

news-yahoo Monday, March 23, 2020 8:34:00 PM EAT

Benjamin Diokno said : “The rise in the debt stock during the fourth quarter was brought about by the increase in non-residents’ investments in Philippine debt papers issued offshore of $507 million,” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “key external debt indicators remained at prudent levels despite the rise in external debt” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “I think we have to address the fact that many people are not employed right now, or do not have sources of income because of the isolation. We need to address, we need to give them some cash grants for the next 2 to 3 months,” External link

abs-cbnnews Sunday, March 22, 2020 10:14:00 AM EAT

Benjamin Diokno told : "There’s enough cash. There’s also a risk if you hold a lot of cash. I would suggest that to the extent they can use, if they can transact business electronically then that’s better than holding cash," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno added : "enable consumers to facilitate online banking transactions," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno told : "The banking industry is sound and adequately capitalized. Even under extreme situations, the banking industry will be above the 10 percent requirement of the BSP," External link

abs-cbnnews Sunday, March 22, 2020 6:51:00 AM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Friday, March 20, 2020 10:30:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Friday, March 20, 2020 5:04:00 PM EAT

Benjamin Diokno said : "Hindi naman ganun kalaki ang impact nung POGO," External link

manilametro Friday, March 20, 2020 1:15:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Thursday, March 19, 2020 10:27:00 PM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate a lower path of inflation for 2020 and 2021, with inflation expectations remaining firmly anchored within the target range [2 percent to 4 percent] over the policy horizon. Average inflation is seen to settle at 2.2 percent in 2020 and 2.4 percent in 2021,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “The BSP is prepared to use its full range of monetary instruments and to deploy regulatory relief measures as needed in fulfillment of its price and financial stability mandates,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno added : “It will not only benefit oneself, one’s family, but it will also benefit the whole community and society,” “Moral of the story: let’s cooperate, let’s hope the community isolation works. If you have no business going out of your home, stay home” External link

pna Wednesday, March 18, 2020 10:53:00 AM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an export-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 10:02:00 PM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an exported-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 11:32:00 AM EAT

Benjamin Diokno said : “The truth is that the economic fundamentals are on our side. Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about 6 percent,” External link

manilatimes Monday, March 16, 2020 9:49:00 PM EAT

Benjamin Diokno said : “The Monetary Board is ready to deploy any or all its policy tools, as appropriate, to address all challenges to our own financial markets and growth prospects,” External link

manilastandardtoday Monday, March 16, 2020 4:37:00 PM EAT

Benjamin Diokno said : "well capitalized and stable and can absorb some of this relief in the meantime," External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : "Depending on the action the banks, they can actually provide moratorium from the payments and ask for relief from the BSP" External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : “Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about six percent,” External link

iran-daily Saturday, March 14, 2020 11:12:00 AM EAT

Benjamin Diokno told : "I will decide on Monday. I'll get tested today (Friday)," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno said : "If the community quarantine works, the negative impact will be minimal, if it fails, the negative impact will be huge," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 2:33:00 PM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 5:16:00 AM EAT

Benjamin Diokno said : “I would attribute the (lower) FDI for 2019 to two factors: first, the uncertainty owing to the failure to pass the CITIRA legislation and second, the general slowdown in the global economy due to the US-China trade conflict and the increasing protectionism of major economies,” External link

tribuneonline Tuesday, March 10, 2020 11:11:00 PM EAT

Benjamin 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

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “But in recognition of potentially crippling impact of certain events like Covid-19, African swine flu, and other unforeseen calamities, BSP has made available a grant of regulatory relief to some concerned banks and quasi-banks. Temporary regulatory relief measures include, among others, staggered booking of allowance for credit losses, non-imposition of penalties on legal reserve deficiencies, and non-recognition of certain defaulted accounts as past due,” External link

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “Of course there is a window (for its passage).The window might be tight but there is another window which is one month before May to June…Hopefully, such amendments will be passed and reported by the time President Duterte delivers his SoNA (state of the nation address) in July,” External link

tribuneonline Saturday, March 7, 2020 10:34:00 PM EAT

Benjamin Diokno said : “The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to steadily approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Thursday, March 5, 2020 10:42:00 PM EAT

Benjamin Diokno said : “We’re comfortable with 6 percent,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “There are many things that we should do while the whole world is in a mess. We do out home work so that when all of these settle down, we’ll be in a stronger position again,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Saturday, February 29, 2020 2:21:00 PM EAT

Benjamin Diokno said : "The main consideration is that while COVID-19 is less deadly than SARS, it's going to result in more deaths because it has grown so fast," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "So we really have to revisit the implications," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "Most of the things that we want to do are not heavily affected by the COVID-19 [outbreak], like Build, Build Build," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : “As you know, I committed to 50 basis points this year. We are down by 25 basis points, so we still have 25 basis points. We have a lot of monetary space and fiscal space, so if things deteriorate much beyond what we have originally forecasted, we might consider additional cuts in reserve requirement or in the interest rate or policy rate,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “But when that will happen, of course that will depend on our assessment of the situation and the conditions,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The country has low participation in the global trade and in global value chain in comparison to other Asean countries,” “Amid uncertain external environment, it is imperative for the government to sustain the reforms that form the backbone of long-term sustainable development,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The urgent passage of structural reforms is critical to the strategy of achieving an A-level credit rating within the next two years as this enhances the country’s institutional strength to manage the economy, which is a key indicator looked into by credit rating agencies,” External link

abs-cbnnews Wednesday, February 12, 2020 9:22:00 AM EAT

Benjamin Diokno said : “I believe the IMF’s assessment of the domestic economy reflects multi-sectoral efforts to foster inclusive economic growth,” “In line with this, the BSP will continue promoting price stability, financial stability, and an efficient payment and settlement system while pursuing legislative initiatives that will enhance our capacity to pursue our mandate,” External link

tribuneonline Monday, February 10, 2020 11:12:00 PM EAT

Benjamin Diokno said : “The impact could be something like 0.3 percent,” External link

manilastandardtoday Monday, February 10, 2020 4:15:00 PM EAT

Benjamin Diokno said : “Well, we looked at it… We made assumptions for the first quarter (impact)… it could be solved (in) two quarters… this virus is less deadly than the previous ones,” External link

tribuneonline Saturday, February 8, 2020 12:35:00 AM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Friday, February 7, 2020 1:23:00 AM EAT

Benjamin Diokno told : “Preliminary BSP estimates show a 0.3 ppt (percentage point) reduction in 2020 GDP . . .,” External link

manilatimes Thursday, February 6, 2020 9:30:00 PM EAT

Benjamin Diokno said : “We’re still looking at 50, so that we still have more space in the event of further deterioration in the economy,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “We’re really for a flexible exchange rate,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “The January 2020 inflation of 2.9 percent was within the BSP’s forecast range of 2.5 to 3.3 percent. This is consistent with the BSP’s prevailing assessment that inflation is expected to gradually approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Wednesday, February 5, 2020 10:13:00 PM EAT

Benjamin Diokno said : “Right now, we are cash heavy. By (2023, we’ll be) cash-lite,” External link

tribuneonline Tuesday, February 4, 2020 12:50:00 PM EAT

Benjamin Diokno said : “So in this regard, the BSP will continue to monitor this development as we prepare our forecast for our review of the monetary policy stance,” External link

pna Thursday, January 30, 2020 3:32:00 PM EAT

Benjamin Diokno told : "We're doing great. We're in a very nice place right now. We'll go slow in our monetary easing," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno told : "That's going to go through the legal process. It will not happen overnight like a takeover by government. That will not happen. There will be a process," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno added : “I promise, first quarter of this year maybe 25 basis points and we’ll continue to look at other numbers,” External link

pna Tuesday, January 7, 2020 3:51:00 PM EAT

Benjamin Diokno said : "Maybe, we'll announce when and how much, will depend on the data" External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "That's appropriate to see how the adjustments are being digested by the markets" "This is the appropriate course for the markets. This is also being done by other countries," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "I don't think it will have any large impact on the financial system, we just want to make sure we get a handle of what is going on," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "These are small transactions, I understand," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "Notwithstanding the weak global growth outlook prospects for the Philippine economy continue to be robust on the back of firm domestic demand, sustained policy support from increased fiscal spending as well as improved domestic liquidity conditions owing to recent monetary adjustments," External link

abs-cbnnews Thursday, December 12, 2019 12:27:00 PM EAT

Benjamin Diokno told : "Sustained policy support from increased fiscal spending, as well as improved domestic liquidity conditions owing to recent monetary adjustments, is also expected to support growth in the coming months," External link

4-traders Thursday, December 12, 2019 11:59:00 AM EAT

Benjamin Diokno added : “BSP’s Monetary Board will consider new data and potential risks at its meeting next week on 12 December 2019,” External link

pna Thursday, December 5, 2019 6:26:00 AM EAT

Benjamin Diokno said : “We'll look at December and then maybe early January, we'll resume monetary easing,” External link

pna Tuesday, December 3, 2019 3:09:00 PM EAT

Benjamin Diokno said : "The goal of financial inclusion is to ensure that all Filipinos are able to use financial services that are appropriate to their needs and capacities," External link

abs-cbnnews Thursday, November 28, 2019 5:38:00 AM EAT

Benjamin Diokno said : “Our efforts to promote digital payments are meant to facilitate delivery of financial services, including credit that are designed around the needs and preference of small value transactors,” “The convenience, affordability and flexibility of these digital products will hopefully make informal lenders charging exorbitant fees less attractive,” External link

abs-cbnnews Tuesday, November 26, 2019 5:01:00 PM EAT

Benjamin Diokno told : “Hindi naman makakaapekto kasi marami nang imports na darating pa lang eh, tapos concern nga is harvest season, baka lalong bumaba yung presyo,” External link

abs-cbnnews Wednesday, November 20, 2019 3:20:00 PM EAT

Benjamin Diokno said : “The digital life is upon us, and we can harness this to make sure internet access and mobile phone ownership do not only lead to better social connections and convenient shopping but also and more importantly, to greater ability for all Filipinos to use welfare-enhancing financial services,” External link

pna Monday, November 18, 2019 3:04:00 PM EAT

Benjamin Diokno said : “The 6 percent full year GDP (gross domestic product) growth target is a tall order, after a slower than expected first half, but still doable,” External link

manilatimes Thursday, November 7, 2019 7:49:00 PM EAT

Benjamin Diokno said : "There will be no policy cuts this year and no more relaxation of the reserve requirement," External link

abs-cbnnews Monday, November 4, 2019 7:26:00 AM EAT

Benjamin Diokno said : “Headline inflation declined further to 1.7 percent (year-on-year) in the third quarter 2019 from 3 percent in the previous quarter, bringing year-to-date inflation at 2.8 percent, well within the national government’s target range,” External link

tribuneonline Friday, October 25, 2019 11:35:00 PM EAT

Benjamin Diokno said : “Nevertheless, we expect growth to remain robust in the coming months,” External link

inquirer Friday, October 25, 2019 1:42:00 PM EAT

Benjamin Diokno said : "There's an overall positive outlook for the domestic economy," External link

abs-cbnnews Friday, October 25, 2019 7:29:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
secretary95.26%EN11/22/201722/11/2017
justice secretary0.14%EN05/15/201715/05/2017
energy secretary0.14%EN05/14/201714/05/2017
defense secretary0.14%EN01/31/201731/01/2017
finance secretary0.68%EN01/06/201706/01/2017
public works secretary0.14%EN12/20/201620/12/2016
communications secretary0.14%EN11/22/201622/11/2016
minister1.22%EN10/21/201621/10/2016
trade secretary0.41%EN10/19/201619/10/2016
philippine drug enforcement agency director general0.14%EN10/15/201615/10/2016
economist0.27%EN08/25/201625/08/2016
successor0.14%EN06/12/201612/06/2016
economics professor1.22%EN01/29/201529/01/2015
Names Lang Count
Benjamin DioknoEN99.25%
Benjamin DioknoSA0.25%
Benjamin DioknoFR0.25%
Benjamin DioknoPT0.25%


 
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Benjamin Diokno

Last updated on 2017-10-18T08:05+0300.

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Benjamin Diokno said : “More products in the market will also bode well for capital market development,” External link

manilastandardtoday Wednesday, September 23, 2020 5:06:00 PM EAT

Benjamin Diokno said : “These ensure that TCs [trust corporations] will only tap entities that have a sound understanding of UITFs and are well-regulated and have the necessary infrastructure to distribute UITFs,” External link

manilastandardtoday Wednesday, September 23, 2020 5:06:00 PM EAT

Benjamin Diokno told : "As an economist, I always say that trade is welfare enhancing, it benefits both parties and so this is so unfortunate. But I don't think the EU parliament has a mandate to take back the GSP privileges," External link

abs-cbnnews Monday, September 21, 2020 8:09:00 AM EAT

Benjamin Diokno said : "It’s one-time, mandatory and non-extendable. We are expecting that there would be no further extension as far as the 60-day grace period is concerned," External link

abs-cbnnews Monday, September 21, 2020 6:33:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Friday, September 18, 2020 10:00:00 PM EAT

Benjamin Diokno explained : “Systemic risks may seem like a high-level concept but it really just means that financial authorities are looking for any sign that the operations of the financial market may be impaired to the detriment of the general public,” External link

tribuneonline Thursday, September 17, 2020 10:03:00 PM EAT

Benjamin Diokno said : “This unprecedented, once-in-a-lifetime pandemic requires an all-of-government approach,” External link

bloomberg Thursday, September 17, 2020 5:14:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Wednesday, September 16, 2020 5:48:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Wednesday, September 16, 2020 2:36:00 AM EAT

Benjamin Diokno stated : “This will reinforce the provisions of the General Banking Law with respect to the proposal of the BSP which introduces digital banks as a new bank classification, distinct from the existing categories of banks, i.e., universal and commercial banks (U/KBs), thrift banks (TBs), rural banks (RBs), cooperative banks, and Islamic banks,” External link

tribuneonline Tuesday, September 15, 2020 3:47:00 PM EAT

Benjamin Diokno said : “This unprecedented, once-in-a-lifetime pandemic requires an all-of-government approach,” External link

news-yahoo Monday, September 14, 2020 2:47:00 PM EAT

Benjamin Diokno said : “The SWS survey is based on [the] perception of 2,000 adults. I cannot imagine how the economy will be worse off 12 months from now, coming from a record-breaking contraction in the second quarter of 2020, owing to the total lockdown in March, April and May,” External link

manilatimes Monday, September 14, 2020 12:33:00 AM EAT

Benjamin Diokno added : “So it boggles my mind how the economy will be worse 12 months from now… We’re in [a] better shape now than we were three months ago. Based on available information, I truly believe that [the] worst is behind us,” External link

manilatimes Monday, September 14, 2020 12:33:00 AM EAT

Benjamin Diokno said : “The credit quality of thrift banks also remained satisfactory,” External link

manilatimes Saturday, September 12, 2020 9:22:00 PM EAT

Benjamin Diokno said : “The SWS survey is based on [the] perception of 2,000 adults. I cannot imagine how the economy will be worse off 12 months from now, coming from a record-breaking contraction in the second quarter of 2020, owing to the total lockdown in March, April and May,” External link

manilatimes Saturday, September 12, 2020 5:28:00 PM EAT

Benjamin Diokno added : “So it boggles my mind how the economy will be worse 12 months from now… We’re in [a] better shape now than we were three months ago. Based on available information, I truly believe that [the] worst is behind us,” External link

manilatimes Saturday, September 12, 2020 5:28:00 PM EAT

Benjamin Diokno said ( about Yang ) : "Yang SWS survey ay isang perception survey...Sa tingin ko unlikely naman, like yung na-experience natin na total lockdown nung April, May, I don't think na mangyayari yun," External link

abs-cbnnews Friday, September 11, 2020 7:56:00 AM EAT

Benjamin Diokno said : "Ang objective nito ay bigyan ng pagkakataon ang ating mga kababayan na makapag-subi naman for their retirement... Magandang batas ito na natulog... Ang role ng BSP ay i-enhance natin ito," External link

abs-cbnnews Friday, September 11, 2020 6:26:00 AM EAT

Benjamin Diokno said : “The GIR’s historic high level can be attributed essentially to effective reserves management by the central bank and the sustained net inflow of foreign exchange resulting from surpluses in external transactions,” External link

abs-cbnnews Thursday, September 10, 2020 4:46:00 PM EAT

Benjamin Diokno said : “Given the significant movement of gold prices over the past two years, 27.44 percent increase in 2019, and another 18.31 percent increase year-to-date this year, the expected increase in domestic gold purchases because of Republic Act (RA) 11256, the BSP expects that gold will continue to support the country’s GIR,” External link

pna Thursday, September 10, 2020 3:27:00 PM EAT

Benjamin Diokno said : “If we will compare domestic inflation with other countries, the prices of consumer goods and services in a typical Filipino basket are rising at a healthy pace,” External link

pna Wednesday, September 9, 2020 1:35:00 PM EAT

Benjamin Diokno said : “The creation of a regulatory framework for digital banks promotes a level playing field by allowing new entrants to credibly compete with incumbent banks, as well as prevents regulatory arbitrage,” External link

abs-cbnnews Wednesday, September 9, 2020 11:38:00 AM EAT

Benjamin Diokno said : “After laying the foundation of a digital ecosystem for PERA, we are targeting to reach 5 million Filipinos in a period of 5 years, or what we call ‘5 in 5.’ The target seems ambitious. But with more than 40 million locally employed Filipinos prior to the pandemic and around 2.2 million overseas Filipino workers, I am optimistic that this goal is easily attainable,” External link

manilastandardtoday Tuesday, September 8, 2020 3:52:00 PM EAT

Benjamin Diokno said : "The pandemic changed the way we live, work and communicate but the crisis also presents an opportunity to rethink our priorities and to prepare for our next steps moving forward," "We hope to encourage more Filipinos to plan and save for the future amid these challenging times...Preparation is key when thinking about retirement and there is no better way to prepare when you’re still able and working," External link

abs-cbnnews Tuesday, September 8, 2020 8:04:00 AM EAT

Benjamin Diokno said : "with no mandatory pension at all," External link

abs-cbnnews Tuesday, September 8, 2020 8:04:00 AM EAT

Benjamin Diokno said : "I think we have excess gold bars in relation to our gross international reserves that we may trade as the need arises," "I said, 'why are we not trading?' and they said that was the policy, they called it passive policy. So I said 'why don’t we trade now considering that our estimate... that our gold holdings at the moment is more than the optimal'," External link

abs-cbnnews Monday, September 7, 2020 6:06:00 AM EAT

Benjamin Diokno explained : “Before, the price of gold was in the neighborhood of $1.4 per FTO (fine troy ounces), now it’s around $2,000 per FTO,” “Second, a new law makes BSP gold purchases from small miners more attractive. Third, the gross international reserves (GIR) has grown to about $100 billion, the highest ever in the Philippine history,” External link

tribuneonline Sunday, September 6, 2020 11:06:00 PM EAT

Benjamin Diokno told : "The Monetary Board decided to shift from passive to active trading largely because of the change in the price dynamics of gold," External link

4-traders Saturday, September 5, 2020 1:02:00 PM EAT

Benjamin Diokno said : "will always be opportunistic in its reserves management," External link

4-traders Saturday, September 5, 2020 1:02:00 PM EAT

Benjamin Diokno said : “the prevailing interest rate environment and ample liquidity in the financial system, reflecting the significant monetary policy easing and liquidity enhancing measures undertaken thus far by the BSP, are seen to provide sufficient support to economic activity. Early signs of recovery in domestic activity are being noted, with further improvements expected as containment measures are relaxed further, and firms and households adjust better to the post pandemic operating environment” External link

abs-cbnnews Friday, September 4, 2020 12:14:00 PM EAT

Benjamin Diokno said ( about Bangko Sentral ) : "The Bangko Sentral ng Pilipinas is well-aware of the reported UCPB incident and has been in close coordination with the bank since the early part of its investigation," External link

4-traders Thursday, September 3, 2020 9:23:00 AM EAT

Benjamin Diokno said : “BSP supports the laudable objectives of FIST bill to induce economic activity and improve the liquidity of the financial system, enabling FI to respond to the looming increase in NPA and therefore, propel economic growth,” External link

tribuneonline Wednesday, September 2, 2020 10:23:00 PM EAT

Benjamin Diokno said : “Hence the establishment of resolution frameworks such as the FIST law will ensure that distressed financial institutions have a mechanism to strengthen their balance sheet,” External link

abs-cbnnews Wednesday, September 2, 2020 6:46:00 PM EAT

Benjamin Diokno said : “This benefit cannot be understated in a crisis, when lending to businesses is riskier but also more urgently needed,” External link

abs-cbnnews Wednesday, September 2, 2020 6:46:00 PM EAT

Benjamin Diokno said : “This is firmly in line with the BSP’s thrust to foster digitalization in the financial system and to bring the BSP closer to the people,” External link

manilastandardtoday Monday, August 31, 2020 4:18:00 PM EAT

Benjamin Diokno said : “The impact of peso movements in OFW remittances will depend on the motivation of the OFW in sending money back home. If the purpose of the transfer is to meet the required expenses of their dependents back home, then a peso appreciation is likely to drive the OFW to increase the dollar amount of remittances,” “On the other hand, if the remittance by the OFW is motivated by profits, or the desire to finance an investment in the home country, a peso appreciation may drive the OFW to send less to the Philippines…Historically, it appears that the altruistic motive has been a dominant factor for the level of remittances sent back home,” External link

tribuneonline Sunday, August 30, 2020 9:27:00 AM EAT

Benjamin Diokno explained : “Systemic risks may seem like a high-level concept but it really just means that financial authorities are looking for any sign that the operations of the financial market may be impaired to the detriment of the general public,” External link

tribuneonline Saturday, August 29, 2020 10:17:00 PM EAT

Benjamin Diokno explained : “Latest numbers show that income from pawnshop operation accounts for 64 percent of the total gross income while income from remittance services account for 35 percent,” External link

tribuneonline Saturday, August 29, 2020 10:17:00 PM EAT

Benjamin Diokno concluded : “Moving forward, the BSP will continue to monitor emerging price developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved,” External link

tribuneonline Saturday, August 29, 2020 10:17:00 PM EAT

Benjamin Diokno explained : “From a monetary policy perspective, the stability of the currency has helped to temper inflationary pressures arising from increases in international prices of commodities, particularly crude oil, as well as agricultural food commodities,” External link

tribuneonline Thursday, August 27, 2020 11:29:00 PM EAT

Benjamin Diokno said : “Investing in green bonds provides diversification benefits,” External link

bloomberg Thursday, August 27, 2020 12:39:00 PM EAT

Benjamin Diokno said : “Also, there is room to further reduce the reserve requirement,” External link

manilatimes Wednesday, August 26, 2020 5:18:00 PM EAT

Benjamin Diokno said : “The situation calls for everyone to pitch in, from exercising prudent health protocols to the financial authorities thinking out-of-the-box to address a once-in-a-lifetime shock,” External link

abs-cbnnews Wednesday, August 26, 2020 2:18:00 PM EAT

Benjamin Diokno said : “With the policy rate at 2.25 percent and inflation well within target, there is room for further adjustment in the key rate. The BSP is prepared to do more if warranted,” External link

tribuneonline Tuesday, August 25, 2020 10:18:00 PM EAT

Benjamin Diokno said : “On market confidence, the major indicators suggest the financial markets are responding well to our policy responses. The peso is the strongest currency in Asia, recording a year-to-date appreciation of 4.30 percent against the US dollar on 19 August,” External link

tribuneonline Tuesday, August 25, 2020 10:18:00 PM EAT

Benjamin Diokno said : "go up to 40 percent, which to me is unacceptable," External link

abs-cbnnews Tuesday, August 25, 2020 10:33:00 AM EAT

Benjamin Diokno said : “The BSP has been cutting interest rates. In fact, the policy rate is now 2.25 percent. That’s the lowest ever seen but the interest on credit card loans go up to about 40 percent. To me that is unacceptable,” External link

tribuneonline Monday, August 24, 2020 11:51:00 PM EAT

Benjamin Diokno said : “We have been circulating the draft memo to the stakeholders and we expect to have some feedback within maybe two weeks,” External link

tribuneonline Monday, August 24, 2020 11:51:00 PM EAT

Benjamin Diokno told : "goes up to 40 percent, which to me is unacceptable," External link

abs-cbnnews Monday, August 24, 2020 7:00:00 AM EAT

Benjamin Diokno said : "we are always data-dependent so we continue to evaluate the situation" External link

abs-cbnnews Monday, August 24, 2020 7:00:00 AM EAT

Benjamin Diokno said : "I think we have to appreciate that monetary policy works with a lag now that the economy has started to open, I think it’s time for us to pause and see how the economy is absorbing our monetary policy," External link

abs-cbnnews Monday, August 24, 2020 7:00:00 AM EAT

Benjamin Diokno said : "Kung meron ka mang pinirmahan na sabi nila magkakaroon ng Bayanihan 2, hindi ka mag-a-avail nun, hindi valid yung pinirmahan mong waiver na yun," External link

abs-cbnnews Monday, August 24, 2020 5:28:00 AM EAT

Benjamin Diokno said : “It is critical to be vigilant against fraudsters and cyber criminals who take advantage of this change in consumer behavior,” External link

tribuneonline Friday, August 21, 2020 10:17:00 PM EAT

Benjamin Diokno said : “The balance of risks to the inflation outlook also leans toward the downside from 2020 until 2022, owing largely to potential disruptions to domestic and global economic activity amid the ongoing pandemic,” External link

manilatimes Friday, August 21, 2020 6:20:00 PM EAT

Benjamin Diokno said : “A prudent pause will enable the cumulative 175-basis-point reduction in the policy rate, as well as other monetary and regulatory relief measures by the BSP to fully work their way through the economy, even as the national government continues to implement interventions to bolster economic activity and protect human lives and livelihoods,” External link

manilatimes Friday, August 21, 2020 6:20:00 PM EAT

Benjamin Diokno said : “At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.25 percent,” “The interest rates on the overnight deposit and lending facilities were likewise kept at 1.75 percent and 2.75 percent respectively,” External link

tribuneonline Friday, August 21, 2020 12:13:00 AM EAT

Benjamin Diokno told : “The Monetary Board has increased the real estate loan limit of universal and commercial banks from 20 percent to 25 percent,” External link

tribuneonline Friday, August 21, 2020 12:13:00 AM EAT

Benjamin Diokno said : “The Monetary Board’s decision was based on its assessment that the inflation environment remains benign. While latest baseline forecasts have risen slightly due to the higher-than-expected inflation in July and recent increases in global crude oil prices, the future inflation path remains firmly within the government’s 2-4 percent target,” “The balance of risks to the inflation outlook also leans toward the downside from 2020 until 2022 owing largely to potential disruptions to domestic and global economic activity amid the ongoing pandemic. Meanwhile, inflation expectations remain broadly consistent with the inflation target,” External link

manilastandardtoday Thursday, August 20, 2020 4:11:00 PM EAT

Benjamin Diokno said : "The Monetary Board decided to maintain interest rate of the BSP overnight reverse repurchase facility at 2.25 percentThe decision is based on its assessment that the inflation environment remains benign," External link

abs-cbnnews Thursday, August 20, 2020 12:21:00 PM EAT

Benjamin Diokno said : “Aside from enhancing BSP’s quality of service, BOB empowers financial consumers by giving them a more accessible channel for raising complaints,” “This is in line with BSP’s commitment to pursue innovations in financial services for the benefit of Filipinos,” External link

tribuneonline Wednesday, August 19, 2020 10:54:00 PM EAT

Benjamin Diokno said : “We got high ratings from global credit watchers Fitch Ratings, S&P Global Ratings and Moody’s Investors Service. So there is high confidence on the peso,” External link

manilastandardtoday Monday, August 17, 2020 5:33:00 PM EAT

Benjamin Diokno said : "The 16.5% contraction of Q2 GDP does not mean that the Philippine economy is structurally weak. It is inappropriate to compare the Q2 performance of the economy with other crises in recent Philippine history: the 1984-85 pre-EDSA I crisis, the 1997-98 Asian Financial crisis; and the 2007-2008 Global Financial crisis," "I remember vividly that in previous crises, the peso depreciated, interest rates rose, public debt-to-GDP ratio expanded, gross international reserves thinned, and the banking industry wobbled. In sum, there were inherent weaknesses in the economy then. I recall that in the 80s, the Philippines belong to a select group called Heavily indebted countries (HICs)," External link

manilametro Monday, August 17, 2020 1:21:00 PM EAT

Benjamin Diokno said : "The 16.5% contraction of Q2 GDP does not mean that the Philippine economy is structurally weak. It is inappropriate to compare the Q2 performance of the economy with other crises in recent Philippine history: the 1984-85 pre-EDSA I crisis, the 1997-98 Asian Financial crisis; and the 2007-2008 Global Financial crisis," "I remember vividly that in previous crises, the peso depreciated, interest rates rose, public debt-to-GDP ratio expanded, gross international reserves thinned, and the banking industry wobbled. In sum, there were inherent weaknesses in the economy then. I recall that in the 80s, the Philippines belong to a select group called Heavily indebted countries (HICs)," External link

irishsun Monday, August 17, 2020 11:51:00 AM EAT

Benjamin Diokno told : “Since the enactment of the law in 2009, the BSP has been able to collect from banks a total of P10.3 billion as penalties for under or non-compliance with the mandated Agri-Agra law,” External link

tribuneonline Friday, August 14, 2020 10:20:00 PM EAT

Benjamin Diokno explained : “The sector also contributed $5.06 billion or 11.1 percent of the country’s exports in 2019,” “During the second quarter of the year, only the agriculture sector managed to grow — by a modest 1.6 percent. This underscores its resilience,” External link

tribuneonline Friday, August 14, 2020 10:20:00 PM EAT

Benjamin Diokno said : "It will significantly strain the liquidity and capital position of banks. The inability of a bank to service withdrawals will trigger a bank run and will undermine the confidence of the public in the banking system," External link

abs-cbnnews Friday, August 14, 2020 7:33:00 AM EAT

Benjamin Diokno said : “Third, is the international confidence [on the economy. We got high ratings from global credit watchers Fitch Ratings, S&P Global Ratings and Moody’s Investors Service. So there is high confidence on the peso,” External link

manilastandardtoday Thursday, August 13, 2020 3:32:00 PM EAT

Benjamin Diokno said : “Along with sound economic management, reforms involving industry and foreign exchange liberalization, tax and debt management, and the financial sector have helped strengthen the regulatory environment and the economy’s capacity to absorb shocks,” External link

abs-cbnnews Thursday, August 13, 2020 1:06:00 PM EAT

Benjamin Diokno said : “Thus indicates that banks have continued to grant new loans or refinance existing ones to MSME and large enterprises even through the quarantine. We see this contributing positively to whole-of-nation efforts to mitigate the economic impact of the health crisis,” External link

tribuneonline Tuesday, August 11, 2020 10:59:00 PM EAT

Benjamin Diokno said : “The setback is temporary. Recovery can come quickly once consumer confidence returns, factories fired up, construction activity, particularly the BBB [Build, Build, Build] Program, is ramped up, and transportation is fully restored,” External link

manilatimes Monday, August 10, 2020 10:13:00 PM EAT

Benjamin Diokno said : "This crisis is different from the crisis that I’ve seen in my lifetime. This is going to be temporary, so as soon as consumer confidence is back, as soon as business sector investment is back, I think we’ll recover as quickly as possible," "Nowadays it’s different, the peso is one of the most appreciated currencies in this part of the world, our gross international reserves is at record high at $93.4 billion," External link

abs-cbnnews Monday, August 10, 2020 6:50:00 AM EAT

Benjamin Diokno said : "There is no compelling reason why the BSP has to move sooner, further policy cut at this time," "As you know the BSP has been one of the most aggressive central banks in the world in terms of monetary easingI don’t see any pressure for adjustment," External link

abs-cbnnews Monday, August 10, 2020 5:18:00 AM EAT

Benjamin Diokno said : "These are indications that the economy is starting to open up and we expect it to pickup much stronger if we fully open up the economy," External link

abs-cbnnews Monday, August 10, 2020 5:18:00 AM EAT

Benjamin Diokno said : “The Philippines is not one them,” External link

manilatimes Friday, August 7, 2020 8:59:00 PM EAT

Benjamin Diokno said : “Each individual has a role to play in winning the war against the virus. The virus won’t go away soon, so we have to learn to live with it,” External link

manilatimes Friday, August 7, 2020 8:59:00 PM EAT

Benjamin Diokno said : “Highly unlikely. From January to June, the rating agencies (Fitch Ratings, Moody’s Investors Service and Standard & Poor’s) have downgraded 82 sovereigns and revised to negative the outlook of 104 others. The Philippines was not one of them,” “The rating agencies have affirmed RP’s (Republic of the Philippines) investment grade rating and outlook,” External link

tribuneonline Friday, August 7, 2020 7:33:00 PM EAT

Benjamin Diokno said : “Highly unlikely. From January to June, the rating agencies [Fitch, Moody’s and S&P] have downgraded 82 sovereigns, revised to negative outlooks 104 sovereigns. The Philippines is not one of them. The rating agencies have affirmed the RP’s investment grade ratings and outlook,” External link

manilastandardtoday Friday, August 7, 2020 3:12:00 PM EAT

Benjamin Diokno said : “But the recovery process is on its way and we expect a strong rebound of 6.5 percent to 7.5 percent in 2021. We should look beyond the current crisis. We should craft a strong economic recovery program accompanied by more structural reforms that would allow the Philippines to rebuild better for the future,” External link

manilastandardtoday Friday, August 7, 2020 3:12:00 PM EAT

Benjamin Diokno said : “economic managers view the economy's plunge in the second quarter as temporary resulting from the strict and comprehensive lockdown during the period owing to the coronavirus pandemic” External link

pna Friday, August 7, 2020 10:41:00 AM EAT

Benjamin Diokno said : "Highly unlikely...The sharp fall in Q2 GDP does not pose a danger to the Philippines strong macroeconomic fundamentals," External link

abs-cbnnews Friday, August 7, 2020 5:37:00 AM EAT

Benjamin Diokno said : “The Q2 GDP numbers were largely due to the comprehensive lockdown during the quarter. As we gradually reopen the economy, economic activity has started to pick up. No doubt, given the sharp drop of the economy in Q2, I am convinced that Q3 will be better than Q2, and that Q4 will be much better than Q3,” External link

thestandard-ph Thursday, August 6, 2020 10:59:00 PM EAT

Benjamin Diokno said : “Henceforth, the focus of national leaders should be on more localized village level or building level containment. Isolation facilities should be built in all major cities and large municipalities, in support of the government’s test, trace and treat strategy,” External link

thestandard-ph Thursday, August 6, 2020 10:59:00 PM EAT

Benjamin Diokno said : “I believe the worst is behind us. But we’re not out of the woods yet. The second quarter GDP numbers were largely due to the comprehensive lockdown during the quarter,” External link

tribuneonline Thursday, August 6, 2020 10:36:00 PM EAT

Benjamin Diokno said : “No doubt, given the sharp drop of the economy in the second quarter, I’m convinced that the third quarter will be better than the second, and that the fourth quarter will be much better than the third,” External link

inquirer Thursday, August 6, 2020 3:42:00 PM EAT

Benjamin Diokno said : “Isolation facilities should be built in all major cities and large municipalities, in support of the government’s test, trace and treat strategy,” External link

inquirer Thursday, August 6, 2020 3:42:00 PM EAT

Benjamin Diokno said : "the worst is behind us, but not out of the woods yet" External link

abs-cbnnews Thursday, August 6, 2020 9:37:00 AM EAT

Benjamin Diokno added : "The Q2 GDP numbers were largely due to the comprehensive lockdown during the quarter. As we gradually reopen the economy, economic activity has started to pick up. No doubt, given the sharp drop of the economy in Q2, I’m convinced that Q3 will be better than Q2, and that Q4 will be much better than Q3," External link

abs-cbnnews Thursday, August 6, 2020 9:37:00 AM EAT

Benjamin Diokno said : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Wednesday, August 5, 2020 9:12:00 PM EAT

Benjamin Diokno said : “The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to remain benign over the policy horizon due largely to the potential adverse impact of COVID-19 on the domestic and global economic prospects,” “The latest baseline forecasts indicate that inflation is likely to settle close to the mid-point of the government’s target range of 3.0 percent 1.0 percentage point [2 to 4 percent] for 2020 to 2022,” External link

manilastandardtoday Wednesday, August 5, 2020 8:00:00 PM EAT

Benjamin Diokno said : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Tuesday, August 4, 2020 9:58:00 PM EAT

Benjamin Diokno said : “What I can say is that if it is a single-digit decline [in the second-quarter GDP], that is nice But if that is higher than 20 percent, that is problematic,” External link

manilastandardtoday Monday, August 3, 2020 5:06:00 PM EAT

Benjamin Diokno said : "Two week shift from GCQ to MECQ for NCR and part of Region 4-A would have limited economic impact. But this highlights the inconvenient truth that the solution to this pandemic is not solely the responsibility of the government. It is equally the responsibility of the general public," External link

abs-cbnnews Monday, August 3, 2020 6:33:00 AM EAT

Benjamin Diokno said ( about Benjamin Diokno ) : "Let's just wait [for the numbers]. An economy is in recession if it sees two straight quarters of GDP contraction. Diokno said economic growth in the third quarter could be " External link

abs-cbnnews Monday, August 3, 2020 4:56:00 AM EAT

Benjamin Diokno said : "The most difficult quarter is the second quarter and we’ve passed that. I think we’re now on the rebound stage...I’ve seen the recovery is like a Nike swoosh," External link

abs-cbnnews Monday, August 3, 2020 4:56:00 AM EAT

Benjamin Diokno said : “This means that banks’ financing activities are supported by adequate capital, which is composed mainly of common equity and retained earnings,” External link

manilatimes Friday, July 31, 2020 9:50:00 PM EAT

Benjamin Diokno said : “We have to first look at the findings before making a decision,” External link

ibtimes Friday, July 31, 2020 2:02:00 PM EAT

Benjamin Diokno said : “Upward price pressures were due to higher domestic petroleum prices, as well as the uptick [in] rice prices for the month,” External link

manilatimes Friday, July 31, 2020 8:46:00 AM EAT

Benjamin Diokno said ( about Manila Electric ) : “These increases are partly offset by slightly lower electricity rates in Meralco (Manila Electric Co.)-serviced areas and the continued appreciation of the peso,” External link

manilatimes Friday, July 31, 2020 8:46:00 AM EAT

Benjamin Diokno said : “Upward price pressures were due to higher domestic petroleum prices, as well as the uptick [in] rice prices for the month,” External link

manilatimes Thursday, July 30, 2020 11:00:00 PM EAT

Benjamin Diokno said ( about Manila Electric ) : “These increases are partly offset by slightly lower electricity rates in Meralco (Manila Electric Co.)-serviced areas and the continued appreciation of the peso,” External link

manilatimes Thursday, July 30, 2020 11:00:00 PM EAT

Benjamin Diokno said : “Respondent banks attributed this to more uncertain prospects on the economy, banks’ lower tolerance for risk, and anticipated deterioration in borrowers’ profile and in the profitability of banks’ portfolios,” External link

manilatimes Thursday, July 30, 2020 10:22:00 PM EAT

Benjamin Diokno said : “When viewed at a different angle, the color of the thread shifts from gold to jade, and vice versa,” External link

manilatimes Wednesday, July 29, 2020 9:51:00 PM EAT

Benjamin Diokno said : “All these banknotes also have three-dimensional and holographic features,” External link

manilatimes Wednesday, July 29, 2020 9:51:00 PM EAT

Benjamin Diokno said : “The comparison between the two and a half months duration period prior to the lockdown from January 1 to March 16 and the period under lockdown from March 17 to May 31 indicates that the combined transactions of both PESONet and Instapay rose by over 70 percent in volume and 42 percent in value,” External link

manilatimes Wednesday, July 29, 2020 5:14:00 PM EAT

Benjamin Diokno added : “The BSP envisions an accelerated uptake of e-payment services through digital platforms like Instapay and PESONet in the next three years. It is our goal to have half of (the) financial transactions in volume and value be in digital form by 2023 if not sooner,” External link

manilatimes Wednesday, July 29, 2020 5:14:00 PM EAT

Benjamin Diokno said : “there is no significant difference in the cost of producing the enhanced banknotes” External link

pna Wednesday, July 29, 2020 3:36:00 PM EAT

Benjamin Diokno said : “We have to first look at the findings of the group before making a decision,” External link

bloomberg Wednesday, July 29, 2020 10:49:00 AM EAT

Benjamin Diokno said : "We’re very optimisticthere will be a lot of foreign investors coming," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno said : "The current monetary stance can hold for the next few quarters and I’m positive that what we’ve done is sufficient. We have released into the system some P1.3 trillion," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno said : "That is a big help for them because they are the biggest lenders to micro, small and medium enterprises. That cut translates into P10 billion of resources to thrift and rural banks... they are doing well, they are well-capitalized, profitable," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno added : "The most difficult quarter is the second quarter, we’ve passed that. We’re now on the rebound stage. I’ve seen the recovery is like the Nike shoes (logo). We’re now looking at a less negative or slightly positive third quarter," External link

abs-cbnnews Monday, July 27, 2020 5:54:00 AM EAT

Benjamin Diokno told ( about Gina Lopez ) : “We have to encourage the reopening of mines closed by Gina Lopez. I think it is about time to reopen because we can earn more (from gold production). Gold price is now at $1,800. Its already high,” External link

manilatimes Sunday, July 26, 2020 8:17:00 PM EAT

Benjamin Diokno told : “The peso has been broadly stable, supported by the Philippines’ strong external payments position,” External link

manilatimes Saturday, July 25, 2020 4:45:00 AM EAT

Benjamin Diokno replied : “We can sustain this for very long,” External link

manilatimes Saturday, July 25, 2020 4:45:00 AM EAT

Benjamin Diokno said : “What I am seeing now is that we will not return to nationwide, not even citywide lockdowns. I don’t see that happening anymore,” External link

gulf-times Friday, July 24, 2020 11:25:00 PM EAT

Benjamin Diokno added : “Now the BSP reiterates its commitment to use its entire arsenal of policy tools and instruments in a timely and prudent manner to help cushion the economy from the potential fallout,” External link

gulf-times Friday, July 24, 2020 11:25:00 PM EAT

Benjamin Diokno said : “Inequality has already been rising in Asia, and research shows how past pandemics led to higher income inequality and hurt the employment prospects of those with limited education,” External link

manilatimes Friday, July 24, 2020 9:12:00 PM EAT

Benjamin Diokno said : “This is a substantial increase from the P9.9 billion in MSME loans used by 55 banks immediately after the effectivity of the relief measure,” External link

manilatimes Thursday, July 23, 2020 9:35:00 PM EAT

Benjamin Diokno said : “The reduction is expected to increase lending capacity of these banks to support financing requirements of their micro-, small- and medium enterprise as well as rural community-based clients. It will also help lower intermediation costs and ease financial strain faced by these banks’ customers,” External link

manilastandardtoday Tuesday, July 21, 2020 3:27:00 PM EAT

Benjamin Diokno said : “This move is also part of the BSP’s omnibus package of reforms aimed at assisting the banking public with their liquidity requirements during the coronavirus disease 2019 pandemic and supporting the transition towards a sustainable recovery during the post- crisis period,” External link

manilastandardtoday Tuesday, July 21, 2020 3:27:00 PM EAT

Benjamin Diokno said : “These risks, in turn, are specifically defined, consistent with global understanding and practice. And the means for taking action are what we refer to as macroprudential policy,” External link

manilatimes Wednesday, July 15, 2020 8:16:00 PM EAT

Benjamin Diokno said : “Speaking as a central banker, we understand the added challenges that macroprudential policy put forward. But we are also committed to the value proposition of finance and to making the financial system increasingly resilient to different forms of shocks,” External link

manilatimes Wednesday, July 15, 2020 8:16:00 PM EAT

Benjamin Diokno said : “We fully recognize that challenges are out there today but we also cannot stay idle and allow the economy to collapse. The prudent approach is a calibrated opening of the economy,” External link

pna Wednesday, July 15, 2020 4:34:00 AM EAT

Benjamin Diokno said : “The BSP is actively pushing for the use of digital payments now as part of a safe and convenient payment system,” External link

manilatimes Tuesday, July 14, 2020 9:13:00 PM EAT

Benjamin Diokno said : “These risks, in turn, are specifically defined, consistent with global understanding and practice. And the means for taking action are what we refer to as macroprudential policy,” External link

manilatimes Tuesday, July 14, 2020 9:13:00 PM EAT

Benjamin Diokno said : “Speaking as a central banker, we understand the added challenges that macroprudential policy put forward. But we are also committed to the value proposition of finance and to making the financial system increasingly resilient to different forms of shocks,” External link

manilatimes Tuesday, July 14, 2020 9:13:00 PM EAT

Benjamin Diokno said : “Based on our reading of a wide array of indicators and our own surveillance of what is happening on the ground, we do not see any indications as of yet that our financial market has been impaired irreparably,” External link

manilastandardtoday Tuesday, July 14, 2020 3:21:00 PM EAT

Benjamin Diokno said : “The financial system [remains] strong but we must [continue to] be vigilant,” External link

manilastandardtoday Tuesday, July 14, 2020 3:21:00 PM EAT

Benjamin Diokno said : “The expectation is for the second-quarter [GDP contraction] to be much worse than the first quarter [of 0.2 percent decline]. The impact of COVID is broader and this suggests that we might have a U-shaped economic recovery,” External link

manilastandardtoday Tuesday, July 14, 2020 3:21:00 PM EAT

Benjamin Diokno said : “We know that this crisis may be protracted,” External link

news-yahoo Tuesday, July 14, 2020 7:56:00 AM EAT

Benjamin Diokno said : “We know that this crisis may be protracted,” External link

news-yahoo Tuesday, July 14, 2020 5:54:00 AM EAT

Benjamin Diokno said : “Given interlinkages across sectors, these may have significant financial stability implications,” External link

manilatimes Wednesday, July 8, 2020 9:31:00 PM EAT

Benjamin Diokno said : “The BSP will continue to communicate to Congress the importance of the reform to align our laws with international best practices, as well as to better protect our banking system and our people from potential fraudsters,” External link

manilatimes Wednesday, July 8, 2020 9:31:00 PM EAT

Benjamin Diokno said : “Apart from conducting investigations, we have reminded banks to strengthen their know-your-customers protocols and be very strict in knowing their clients. Moreover, banks are also reminded of their obligation to know [their] employees,” External link

manilatimes Wednesday, July 8, 2020 9:31:00 PM EAT

Benjamin Diokno said : “The BSP’s liquidity-enhancing measures are intended to reassure markets, restore business confidence and ensure quick recovery once the community quarantines are lifted,” “Besides the cumulative 175-basis point reduction in the policy rate, the 200 basis points reduction of the reserve requirement among others, the BSP also implemented other extraordinary liquidity measures to complement the national government’s efforts to mitigate the impact of COVID-19,” External link

manilastandardtoday Wednesday, July 8, 2020 4:08:00 PM EAT

Benjamin Diokno said : “The estimated BSP liquidity injection to the financial system is about P1.3 trillion, equivalent to 6.4 percent of the country’s GDP. The implementation of these measures has helped ensure ample liquidity as well as the proper functioning of the financial system during the lockdown,” External link

manilastandardtoday Wednesday, July 8, 2020 4:08:00 PM EAT

Benjamin Diokno said : "The Philippines entered into the global pandemic from a position of strength thus the sound fundamentals will lend support and propel the economy to strong recovery in the coming years," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Our experience with COVID-19 highlighted the increasing importance of digital transactions," "It is observed that the volume and value of the combined transactions of Pesonet and Instapay during the lockdown surged while the volume and value of check payments and ATM withdrawals declined," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Kung nahihirapan ka rin magbayad ng interes eh puwede mo naman kausapin ang mga bangko kasi tinulungan namin ang bangko," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "Hindi po tayo dapat ma-bother na maliit ngayong taon na ito, sa tingin po namin ay temporary lang itong nangyari sa atin. Dapat siguro mag export pa tayo ng maraming doktor, nurses, computer specialists in the future," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "The international scandal used the names of the Philippines’ 2 biggest banks, an attempt to cover the perpetrators track," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : “There are some activities that may not be able to take off at this time but there are some [that are] ready. Maybe about 70 percent of the economy can move forward,” External link

manilatimes Thursday, July 2, 2020 4:10:00 PM EAT

Benjamin Diokno explained : “The agreement signed today links the BSP’s Monetary Operations System (MOS) and the BTr’ National Registry of Scripless Securities (NRoSS). The connectivity of the MOS and NRoSS is the main infrastructure that would allow the issuance to be possible and would make the features of the BSP securities negotiable and attractive to the market,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno said : “The main purpose for the issuance of BSP securities is to manage liquidity in the financial system to support monetary policy transmission. The funds will remain locked away at the BSP until the securities mature or redeemed by the BSP before the original maturity date,” “In the meantime, the accepted interest rate for the BSP securities provides guidance for the market interest rates for similar instruments,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno concluded : “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

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno explained : “Human behavior is expected to change with social distancing as the new norm. People are expected to prefer using electronic payment and financial services to face-to-face and over-the-counter transactions,” “We need to quicken the adoption of the National QR (quick response) code standard to enable interoperable payments for person-to-person and person-to-merchant transactions,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Renowned for their agility, adaptability and digital fluency, fintechs are uniquely positioned to support the country’s bid to shape a new economy that is more resilient, inclusive and technology-enabled,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “This is an extraordinary situation but hopefully we will not hit the negative real interest rate. But even if that should happen, that is a come on for consumers to spend their money on worthwhile projects because why would one deposit money in the bank when one is not getting real interest?” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Higher gasoline, diesel and kerosene prices as well as the uptick in the price of rice due to supply bottlenecks contributed to positive price pressures during the month,” External link

manilatimes Wednesday, July 1, 2020 7:43:00 PM EAT

Benjamin Diokno added : “One of the priority policy initiatives lined up is open banking,” External link

manilastandardtoday Wednesday, July 1, 2020 1:53:00 PM EAT

Benjamin Diokno said : “The negative impact of the Covid-19 (coronavirus disease 2019) crisis is harsher than what was originally thought,” External link

manilatimes Monday, June 29, 2020 8:02:00 PM EAT

Benjamin Diokno said : “Inflation is the least of our worry at this time. We want people to spend money, in worthwhile projects. If you want to invest in a new house do it now, because conditions really are to your favor. Interest rates are so low and it will remain low for quite some time,” External link

abs-cbnnews Monday, June 29, 2020 8:15:00 AM EAT

Benjamin Diokno said : "The option to cut the RRR remains on the table as we’re monitoring the liquidity in the system," "We have not actually fully opened the economy so we don’t know what would be the behavior of consumers and banks as we open up the economy," External link

abs-cbnnews Monday, June 29, 2020 6:42:00 AM EAT

Benjamin Diokno said : “We continue to work closely with the fiscal authorities. We can act faster because the central bank is autonomous. We don’t need Congressional action or something like that. So, we thought that given the pandemic, we have to infuse liquidity into the system,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “Because of the pandemic, government revenues are reduced and at the same time, the government has to spend a lot of money for granting aid, subsidies, and for beefing up our health system. So higher spending, lower revenues. They need money, so we create them. We entered (into) a repo arrangement with them,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “At its meeting on monetary policy today, the MB decided to cut the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 50 basis points to 2.25 percent, effective Friday, 26 June 2020,” “The interest rates on the overnight deposit and lending facilities were reduced to 1.75 percent and 2.75 percent, respectively,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno explained : “Given these considerations, the MB decided that a further reduction in the policy rate amid a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno concluded : “The BSP remains committed to deploying its full range of monetary instruments and regulatory relief measures as needed in fulfillment of its mandate to promote non-inflationary and sustainable growth,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno said : “The Monetary Board decided that a further reduction in the policy rate amidst a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : “Keeping an accommodative stance will further ease the cost of borrowing and ensure ample credit and liquidity in the financial system as the economy transitions toward recovery in the coming months,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : "The international financial scandal used the names of two of the country's biggest banksBDO and BPIin an attempt to cover the perpetrators attack," External link

manilastandardtoday Wednesday, June 24, 2020 7:32:00 PM EAT

Benjamin Diokno said : “There’s too much liquidity in the system, so we have to seriously look at whether there’s a need for an additional cut in reserve requirement,” External link

news-yahoo Monday, June 22, 2020 10:19:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

JakartaPost Monday, June 22, 2020 7:07:00 AM EAT

Benjamin Diokno told : "Will there be a cut in the June to August meeting? We're looking at it and we're looking at information," External link

abs-cbnnews Monday, June 22, 2020 5:43:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," "The international financial scandal used the names of two of the country's biggest banks - BDO and BPI - in an attempt to cover the perpetrators' track," External link

dw-en Sunday, June 21, 2020 11:55:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

TheFrontierPost-en Sunday, June 21, 2020 11:48:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

news-yahoo Sunday, June 21, 2020 1:24:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

thenational Sunday, June 21, 2020 11:45:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

channelnewsasia Sunday, June 21, 2020 8:34:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

themalaymailonline Sunday, June 21, 2020 8:09:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 8:01:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 7:09:00 AM EAT

Benjamin Diokno said : “The BSP has fortified its rules on DOSRI to deter any opportunistic acts of directors, officers, stockholders and related interests (DOSRI) of banks,” “DOSRI rules are strictly enforced and violations of such rules are serious in nature and are not treated lightly by the BSP,” External link

pna Friday, June 19, 2020 10:02:00 AM EAT

Benjamin Diokno said : “However, considering that this is already under investigation, as well as the confidentiality of matters involving banks as provided for under its charter, the BSP cannot comment further,” External link

manilatimes Tuesday, June 16, 2020 8:11:00 PM EAT

Benjamin Diokno said : "not a major blow to our external position," "We still expect a positive balance of payment position," External link

abs-cbnnews Tuesday, June 16, 2020 5:20:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno explained : “Despite being resilient in past crises, OF remittances is seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection. This is due mainly to large repatriation of workers and major economic disruptions in host countries,” “The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “The overall BoP levels in 2020 and 2021 are projected to sustain the current surplus trend, though at levels lower than prior to the COVID-19 pandemic,” “BoP as percent of GDP (gross domestic product) will fall from 0.7 (as of November 2019) to 0.2 (as of May 2020); it will increase to 0.6 by 2021,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. [But] remittances are expected to bounce back by a 4-percent [growth] in 2021,” External link

manilastandardtoday Friday, June 12, 2020 5:00:00 PM EAT

Benjamin Diokno said : “Despite being resilient in past crises, OFW remittances are seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection,” External link

manilatimes Friday, June 12, 2020 8:17:00 AM EAT

Benjamin Diokno said : “While we have temporarily veered our attention away from the Road to A agenda because our focus at the moment is on saving lives, jobs and livelihoods, we welcome positive assessments from international observers like JCR,” “We hope this helps to uplift the Filipino spirit at this trying time and to inspire us to work harder together to emerge stronger after the pandemic,” External link

tribuneonline Thursday, June 11, 2020 10:40:00 PM EAT

Benjamin Diokno said : “If there’s a need for further loosening, we will apply the full powers of the central bank,” “I’m not saying we’re not gonna cut this year, or in the next meeting, but we’re closely looking at the data” External link

tribuneonline Monday, June 8, 2020 8:00:00 PM EAT

Benjamin Diokno said : “Hindi namin pwedeng i-pwersa yung bangko, diskarte ng bangko yan,” External link

abs-cbnnews Monday, June 8, 2020 11:58:00 AM EAT

Benjamin Diokno said ( about Labor ) : “The increase in unemployment in April 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) pandemic,” “Note that the April 2020 Labor Force Survey (LFS)was conducted from 20 April to 16 May, at the height of the ECQ. A big part of the economy was shuttered; the consequent rise in joblessness was State-induced,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno said : “I’m confident that the next jobs report which is due in August 2020 will show a starkly different picture. The next LFS will be conducted from 20 July to 15 August,” “Moving forward, as the containment measures are relaxed nationwide, job recovery is expected. But as job loss was uneven during the lockdown, so will job creation in the transition,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno concluded : “The BSP is committed to stave off prolonged and deeper economic contraction. 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

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 9:33:00 PM EAT

Benjamin Diokno said : “With the significant shift to digital financial services, it is critical to be vigilant against fraudsters and cyber criminals who take advantage of this change in consumer behavior,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “These phishing emails initially appear to provide information and how a person can protect himself or herself from Covid-19. Some even contain legitimate statements/advice from public officials or valid sources, but they are actually loaded with spyware,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Proper cyber hygiene and ensuring strict confidentiality of personal information are some of the most basic, but effective means of avoiding frauds,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Now, to ensure the financial services industry remains cyberresilient, the BSP put in place initiatives that support its regular supervisory activities,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 6:22:00 PM EAT

Benjamin Diokno said : “Inflation has monotonically dropped from 2.9 percent in January to 2.6 percent in February to 2.5 percent in March to 2.2 percent in April and now to 2.1 percent in May. The latest inflation number is consistent with the prevailing assessment by the BSP that inflation is expected to remain benign over the policy horizon due largely to the adverse impact of the coronavirus pandemic on the domestic and global economy,” External link

manilastandardtoday Friday, June 5, 2020 5:03:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

bworldcom Thursday, June 4, 2020 1:32:00 AM EAT

Benjamin Diokno said : “As we advance from the current crisis to the New Economy state, we need urgent reforms in the areas of public health, social protection, disaster response and countryside development. Reinforcing all these reforms is the digital imperative,” “The end goal is to have a New Economy, which ought to be safe, better and more technologically equipped than what we had before,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno explained : “Furthermore, we should fully operationalize the national ID system, pursue further efforts toward e-government services, provide enabling legal and regulatory environment and communicate the benefits of all of these to the public,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno said : “Lending to vulnerable sectors, led by MSMEs, will go a long way in helping speed up the economy’s recovery,” External link

manilatimes Wednesday, June 3, 2020 8:46:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

news-yahoo Wednesday, June 3, 2020 1:52:00 PM EAT

Benjamin Diokno said : "It's good that we have opened up the economy especially for the MSMEs," External link

abs-cbnnews Tuesday, June 2, 2020 6:17:00 AM EAT

Benjamin Diokno said : “Thanks to critical institutional reforms and sound policy management, we are in the advantageous position of having monetary space to carry out further easing, if necessary,” External link

tribuneonline Sunday, May 31, 2020 3:52:00 PM EAT

Benjamin Diokno said : "This is a big vote of confidence coming from the rating agency on the post-pandemic economic recovery of the Philippines," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : "The Philippines is defying the global trend of rating downgrades and negative rating outlook as an aftermath of the health crisis and the subsequent containment measures of many governments," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” “By necessity, forecast will be based on some scenario assumptions and estimates which would tend to have considerable uncertainty as they impact on the baseline projection prior to the coronavirus outbreak,” External link

tribuneonline Saturday, May 30, 2020 12:06:00 AM EAT

Benjamin Diokno said : “the decision to unwind Covid-19 policy responses must be done in a gradual, prudent and informed manner” “Complete risk assessment based on all available data must support the decision and timing of unwinding. Likewise, appropriate communication must accompany the decision to unwind,” External link

manilatimes Friday, May 29, 2020 9:44:00 PM EAT

Benjamin Diokno explained : “Higher domestic oil prices, as well as the uptick in the prices of various agricultural products due to supply bottlenecks and the impact of Typhoon ‘Ambo’ (international name: Vongfong) contributed to positive price pressures during the month,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said ( about Manila Electric ) : “Meanwhile, the electricity rates in Meralco (Manila Electric Co.)-serviced areas declined during the month despite the reported increase in the total electricity bill due to higher consumption,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “Moving forward, the BSP will remain watchful of economic and financial developments, and stand ready to take necessary policy actions to ensure the delivery of its primary mandate of price stability,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” External link

manilatimes Thursday, May 28, 2020 8:07:00 PM EAT

Benjamin Diokno pointed out : “The crisis has exposed the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of the COVID-19,” External link

bworldcom Wednesday, May 27, 2020 12:35:00 PM EAT

Benjamin Diokno told : "Given the subdued inflation, we might cut again...Right now we’re at 2.75 coming from 4 percent. We still have a lot of elbow room, I can tell you that," External link

abs-cbnnews Monday, May 25, 2020 5:25:00 AM EAT

Benjamin Diokno added : “even in the context of retaliatory tariffs between US and China, the country’s exports have remained broadly stable” External link

manilatimes Sunday, May 24, 2020 9:02:00 PM EAT

Benjamin Diokno added : “while the Philippines has been recognized as one of the top investment destinations post-COVID-19, the Executive, Congress, and the private sector have to unceasingly do more to further boost the country’s attractiveness to foreign investors” External link

pna Saturday, May 23, 2020 2:06:00 PM EAT

Benjamin Diokno said : “the political leadership and economic managers should focus on saving lives, saving livelihoods and saving jobs” External link

bworldcom Saturday, May 23, 2020 8:41:00 AM EAT

Benjamin Diokno said : “The BSP [is] yet to exhaust the conventional monetary instruments in its toolkit to support the liquidity requirements of the economy, should conditions warrant,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “The crisis has bared the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of Covid-19,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “as technology will play a pivotal role in reshaping the means of production and the delivery of goods and services in the post-Covid world,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “This will help ensure that food and other essential goods and services are available, accessible and affordable,” “For example, an efficient logistics system for agriculture facilitates the transport of agricultural inputs including farm equipment and machinery to farmers to keep food production uninterrupted,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “We expect financial institutions to provide and communicate the least burdensome payment options to their clients,” “They must consider this as their patriotic duty to help the public, especially the micro, small and medium enterprises during this challenging time” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “But for sure, we are better prepared this time than in 1997,” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “I wish it were under better circumstances that I will say this, but the fintech community has a lot to look forward to and even more to contribute in the shaping of the new economy — one defined by shared and sustainable prosperity,” “With our collective efforts, may we be able to look back at this crisis with no regrets for wasted opportunities,” External link

manilatimes Wednesday, May 20, 2020 9:57:00 PM EAT

Benjamin Diokno said : "Hinay-hinay lang po tayo (Let's be careful) but I can assure you that if there is a need for additional liquidity, BSP will cut the reserve requirement," External link

abs-cbnnews Wednesday, May 20, 2020 1:12:00 PM EAT

Benjamin Diokno said : “As a percentage of GDP, debt was estimated at below 40 percent as of end-2019,” External link

manilatimes Tuesday, May 19, 2020 11:36:00 PM EAT

Benjamin Diokno said : “BSP sees no apparent and immediate need to avail of IMF’s SLL. Structural reforms and sound economic management have helped the Philippines enter the COVID-19 (coronavirus disease) crisis from a position of strength,” External link

tribuneonline Tuesday, May 19, 2020 11:08:00 PM EAT

Benjamin Diokno told : “Although Philippine banks are adequately capitalized, have quality assets and have ample buffers, some may face financial distress if the pandemic and its aftermath — slower domestic and global economy and more risk-averse consumers — last indefinitely,” External link

manilatimes Tuesday, May 19, 2020 9:20:00 PM EAT

Benjamin Diokno said : “As I said before, structural reforms and sound economic management have helped the Philippines enter the COVID-19 crisis from a position of strength,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Second, the peso is stable. Year to date [as of May 15, 2020], the peso has outperformed most of its peers in the region which is least depreciated and second to the TWD [Taiwan dollar], which is the only currency that appreciated versus the US dollar,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “It is adequate to cover 7.9 months of imports of goods and services and payments of primary income,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Any such move (to help the economy), we welcome. In fact, we participated in the drafting of the Philippine Banking Industry Resiliency Act against COVID-19 pandemic. We call it the FIST or Financial Institutions Strategic Transfer,” External link

tribuneonline Monday, May 18, 2020 10:49:00 PM EAT

Benjamin Diokno said : “A lot of things depend on the behavior of the Filipino people. If we can avoid a second or a third wave, the forecast will be steady. That means a U-shape recovery. But in case there is a second wave, that could mean a W-shape recovery. That will be much worse than the revised forecast,” “You have to consider that a big chunk of the country is under modified quarantine. That is a positive, unless there is a deterioration in those hotspots. I think we are ready towards our move for normalization. So, I am optimistic that the forecast right now of the DBCC (Development Budget Coordination Committee) might hold,” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno explained : “On monetary, we have done a lot of anticipatory measures and we are looking at how it is easing the liquidity in the market. Whether it is helping what sector,” “On the fiscal side, they have also deployed a lot of initiatives so let’s see how it works” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno told : "A lot of things depend on the behavior of the people. If we can avoid a second or third wave, the forecast should be steady. In case there is a second wave, it will be much worse than the revised forecast," External link

abs-cbnnews Monday, May 18, 2020 4:56:00 AM EAT

Benjamin Diokno said : “Of course, [the] BSP will continue to closely monitor the level of remittances send by Filipino overseas workers, in addition [to] other inflows of foreign currencies. And we will continue to release monthly data on such foreign trade and incomes numbers,” External link

manilatimes Friday, May 15, 2020 9:57:00 PM EAT

Benjamin Diokno said : “That’s BSP’s latest forecast. As you know the government has now allowed Filipino overseas workers to leave the country, except health workers, who are most needed at home,” External link

manilastandardtoday Friday, May 15, 2020 5:24:00 PM EAT

Benjamin Diokno noted : “the government has now allowed OFWs to leave the country, except health workers who are most needed at home” External link

pna Friday, May 15, 2020 11:44:00 AM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus. What gets in the way is the absence of a supplemental budget,” External link

tribuneonline Tuesday, May 12, 2020 8:26:00 PM EAT

Benjamin Diokno said : “While the economy is likely to contract this year, the contraction would be less severe compared to most economies in the world,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : “In fact, barring a second wave of infections, I expect the economy to have a strong rebound, estimated at 7.8 percent in 2021,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : "Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget," External link

abs-cbnnews Tuesday, May 12, 2020 12:26:00 PM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget,” “Under the Bayanihan Act, the Congress authorized the President to rearrange the prioritization in the 2020 budget. Strictly speaking, there was no new appropriations. Hence, the impact of the fiscal stimulus is limited,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno explained : “Some of the new money can be used for emergency employment aimed at creating two million new jobs. These jobs will be allocated to 42,045 barangays, to be distributed based on the number of inhabitants per barangay and the level of unemployment per province or city,” “The emergency employment is quick-disbursing and will have high multiplier effect. It is pro-poor and egalitarian. It gives the ordinary worker a greater sense of self-respect since he works for the food on his table. By helping himself, the worker helps his fellowmen and society,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “We have to have an idea of how the new economy will look like. The economy will change drastically,” “The new economy will be much, much different. It has to be safer. It has to be better and it has to be tech savvy” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “There will be a strong recovery in the fourth quarter, assuming there’s no second wave,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “the workers will be paid 10 percent lower than the minimum wage rate in the region, will work for eight hours, five days a week, for seven months” External link

pna Monday, May 11, 2020 4:55:00 PM EAT

Benjamin Diokno said : "We expect the economy to go deeper in the second quarter because of the full effect of the lockdown," External link

abs-cbnnews Monday, May 11, 2020 5:41:00 AM EAT

Benjamin Diokno said : “The Philippine banking system will be able to withstand the adverse effects and uncertainties brought about by the COVID-19 (coronavirus disease) global pandemic because it is sound and resilient,” External link

tribuneonline Friday, May 8, 2020 11:31:00 PM EAT

Benjamin Diokno indicated : “The BSP has increased liquidity by reducing the reserve requirement ratio (RRR) by 200 basis points (bps) and cut policy rate by 125 bps,” External link

tribuneonline Thursday, May 7, 2020 11:26:00 PM EAT

Benjamin Diokno said : “Structural reforms and sound economic management over the years have provided us with monetary and fiscal space to safeguard lives and support livelihoods at this critical time,” “The BSP’s long list of prompt and decisive policy support measures–including the cumulative 125 basis points (bps) cut in the policy rate and the 200 bps reduction in the reserve requirement ratio so far this year–shows that we have been putting our elbow room to good use,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno explained : “The road to A may take a backseat for the moment. Our concern right now is to help our people rather than pursuing our road to A although we’re still confident that we may achieve A rating by 2022,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno said : "We’re forecasting a contraction in the second quarter and also in the third quarter. That’s why we’re talking about a U-shaped recovery. But we’re expecting a strong bounce back in the fourth quarter," External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “We expect these monetary policy measures to have a cascading impact on market interest rates, which would eventually translate to lower borrowing costs for the government as well as for firms and people,” External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “The latest baseline forecasts indicate that inflation could settle at the low end of the government’s target range of 3 percent plus or minus 1.0 percentage point, at 2 percent for 2020 and 2.5 percent for 2021,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno said : “Meanwhile, the domestic economy will likely follow a U-shaped recovery path. Growth is expected to bounce back to its potential output growth in 2021 supported by the measures under the government recovery plans,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno noted : “the importance of shifting consumer behavior toward e-payments, considering the limitations on people’s movement and activities during the ECQ” External link

tribuneonline Tuesday, May 5, 2020 12:55:00 PM EAT

Benjamin Diokno said : “We will use all our tools to help our people pass this coronavirus crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno said : “We’ll do anything to get us through this crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno added : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “In this regard, banks shall adopt a transition plan with specific timelines to implement the board-approved strategies and policies integrating sustainability principles into their corporate governance and risk management frameworks as well as in their strategic objectives and operations,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “But our relative position among emerging economies gives us confidence that the Philippines would have a U-shaped bounce back once the pandemic fades,” External link

manilastandardtoday Sunday, May 3, 2020 4:20:00 PM EAT

Benjamin Diokno added : “The Philippines before the coronavirus disease 2019 (COVID-19) crisis was on the road to A-rating. We’re not saying that the Philippines has not suffered from this crisis, together with the rest of the world,” External link

tribuneonline Friday, May 1, 2020 10:36:00 PM EAT

Benjamin Diokno said : “The fourth quarter growth of 0.4 percent and the 6.8 percent acceleration in the first quarter 2021 is consistent with ECQ for some areas ending on 15 May 2020 and a huge chunk of the economy would be on GCQ (general community quarantine) starting 1 May,” “The full year year BSP forecast consistent with this scenario is a whopping 7.8 percent recovery (in 2021),” External link

tribuneonline Thursday, April 30, 2020 10:30:00 PM EAT

Benjamin Diokno told : “A recession is defined as two consecutive quarters of negative growth. So, since growth is expected to be negative in the second quarter and third quarter of 2020, the Philippines will be in technical recession,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : “On the OFW (overseas Filipino workers) remittances, the BSP’s forecast before the pandemic was that the remittances would grow by 3 percent. After pandemic, BSP revised its forecast: OFW remittances would be lower by 0.2 to 0.8 relative to the original 3 percent forecast,” “Hence, BSP’s revised forecast is between 2.2 percent to 2.8 percent. To be on the conservative side, BSP forecasts that OFW remittances would increase by 2 percent over 2019 level of $33 billion,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : "We are moving towards normalization, from ECQ to GCQ," External link

abs-cbnnews Monday, April 27, 2020 5:48:00 AM EAT

Benjamin Diokno said : “The Philippines was in a sound fiscal and monetary state when the pandemic hit the country,” “The budget deficit was modest. The revenue base has been expanded with a series of new tax laws and improved revenue administration” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “The economy could slow down in the first quarter this year and contract in the second and third quarters, before gradually recovering in the fourth Inflation is expected to average at the low-end of the target range at 2% in 2020, down from the previous forecast of 2.2%, due to the continued collapse in global crude oil prices, the decline of non-oil prices and the effect of the virus. The average inflation forecast of 2.45% for 2021 is slightly higher than the previous prediction due to the projected strong recovery in domestic activity and higher liquidity growth Fiscal stimulus will counter the pandemic and an increase in the deficit-to-GDP ratio from 3.2% to 5.3% will drive the debt-to-GDP ratio from 40.5% in 2019 to 47%, which is modest by international standards,” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “BSP has a lot of arsenal for the war against Covid-19 (coronavirus disease 2019)” “And, of course, this is just (a) 35-day tenor so might as well earn some interest while banks (are) still risk averse,” External link

pna Tuesday, April 21, 2020 5:34:00 PM EAT

Benjamin Diokno said : “Worst case is negative one percent, best case is zero percent,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno said : “I think we should really take advantage of this crisis. There are really opportunities…we have to use this crisis as an opportunity to be stronger and more agile,” “I think this crisis has given us the opportunity to do electronic (banking) rather than the traditional one. We should accelerate digital payments,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno told : "We promise to do everything to show that we are ready, we are resilient. We still have a lot of bullets in our arsenal to help the national government meet this calamity," External link

abs-cbnnews Sunday, April 19, 2020 8:01:00 AM EAT

Benjamin Diokno added : “The BSP will subsequently issue the detailed guidelines on this and other related measures,” External link

manilatimes Sunday, April 19, 2020 12:07:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “On the policy rate, BSP raised it by 175 basis points in 2018 in response to the above normal inflation rate at that time. While the BSP has cut the policy rate by 150 basis points since I assumed office last year, the Philippines is now faced a once-in-a-lifetime crisis,” “It is now clear that reverting to where we were in 2018–policy rate at 3 percent–is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Thursday, April 16, 2020 10:56:00 PM EAT

Benjamin Diokno told : "Pinagbabawal natin yan to increase the integrity of the system," External link

abs-cbnnews Wednesday, April 15, 2020 7:18:00 AM EAT

Benjamin Diokno said : “BSP will continue to be data dependent keeping in mind that monetary policy works with a lag,” External link

manilatimes Monday, April 13, 2020 11:20:00 PM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown” External link

pna Monday, April 13, 2020 4:22:00 PM EAT

Benjamin Diokno said : “inflation is likely to end closer to the lower bound of the 2 to 4 percent target range” External link

pna Monday, April 13, 2020 4:37:00 AM EAT

Benjamin Diokno said : “It is now clear that reverting to where we were in 2018 — policy rate at 3 percent — is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The Monetary Board has authorized me to cut the reserve requirement ratio by 400 basis points. I’ve cut it by 200 basis points recently. The additional 200-basis point cut is forthcoming based on available data, the needs of the economy and the utilization of the additional liquidity,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The monetary authorities’ job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begins quickly once the pandemic fades. The BSP will continue to be data dependent, keeping in mind that monetary policy works with a lag,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : "is no longer the appropriate policy goal," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : "A deeper cut is warranted in response to the expected sharp economic slowdown," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : “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,” “The monetary authorities job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begin quickly once the pandemic fades” External link

news-yahoo Sunday, April 12, 2020 9:56:00 AM EAT

Benjamin 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," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The Philippines is now facing a once-in-a-lifetime crisis" "These new realities call for bolder but appropriate moves on the part of the BSP (central bank)" External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The monetary authority's job, in coordination with fiscal authorities, is to manage a 'soft' landing and ensure economic takeoff begins quickly once the pandemic fades," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin 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," External link

4-traders Sunday, April 12, 2020 6:53:00 AM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Friday, April 10, 2020 7:24:00 PM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Thursday, April 9, 2020 5:01:00 PM EAT

Benjamin Diokno said : “is not ruling out the possibility of an off-cycle monetary policy response,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : “could help minimise volatility in market rates,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : "We will have a lot of room for cutting interest rates," "There's a real risk that there will be a technical recession (in the second and third quarter)," External link

abs-cbnnews Sunday, April 5, 2020 5:27:00 AM EAT

Benjamin Diokno said : “The BSP has and is ready to employ the necessary tools in its arsenal to address the impact of COVID-19 while staying true to its mandate,” External link

manilastandardtoday Thursday, March 26, 2020 4:16:00 PM EAT

Benjamin Diokno told : “The reduction is intended to calm financial markets and encourage banks to continue lending to both the retail and corporate sectors,” External link

manilatimes Thursday, March 26, 2020 2:38:00 AM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Tuesday, March 24, 2020 6:15:00 PM EAT

Benjamin Diokno said : “The BSP will have to assess the impact of Covid-19 on the broader economy,” External link

pna Tuesday, March 24, 2020 12:49:00 PM EAT

Benjamin Diokno said : "promptly address any possible liquidity strain," External link

abs-cbnnews Tuesday, March 24, 2020 8:09:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

JakartaPost Tuesday, March 24, 2020 6:15:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

news-yahoo Monday, March 23, 2020 8:34:00 PM EAT

Benjamin Diokno said : “The rise in the debt stock during the fourth quarter was brought about by the increase in non-residents’ investments in Philippine debt papers issued offshore of $507 million,” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “key external debt indicators remained at prudent levels despite the rise in external debt” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “I think we have to address the fact that many people are not employed right now, or do not have sources of income because of the isolation. We need to address, we need to give them some cash grants for the next 2 to 3 months,” External link

abs-cbnnews Sunday, March 22, 2020 10:14:00 AM EAT

Benjamin Diokno told : "There’s enough cash. There’s also a risk if you hold a lot of cash. I would suggest that to the extent they can use, if they can transact business electronically then that’s better than holding cash," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno added : "enable consumers to facilitate online banking transactions," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno told : "The banking industry is sound and adequately capitalized. Even under extreme situations, the banking industry will be above the 10 percent requirement of the BSP," External link

abs-cbnnews Sunday, March 22, 2020 6:51:00 AM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Friday, March 20, 2020 10:30:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Friday, March 20, 2020 5:04:00 PM EAT

Benjamin Diokno said : "Hindi naman ganun kalaki ang impact nung POGO," External link

manilametro Friday, March 20, 2020 1:15:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Thursday, March 19, 2020 10:27:00 PM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate a lower path of inflation for 2020 and 2021, with inflation expectations remaining firmly anchored within the target range [2 percent to 4 percent] over the policy horizon. Average inflation is seen to settle at 2.2 percent in 2020 and 2.4 percent in 2021,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “The BSP is prepared to use its full range of monetary instruments and to deploy regulatory relief measures as needed in fulfillment of its price and financial stability mandates,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno added : “It will not only benefit oneself, one’s family, but it will also benefit the whole community and society,” “Moral of the story: let’s cooperate, let’s hope the community isolation works. If you have no business going out of your home, stay home” External link

pna Wednesday, March 18, 2020 10:53:00 AM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an export-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 10:02:00 PM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an exported-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 11:32:00 AM EAT

Benjamin Diokno said : “The truth is that the economic fundamentals are on our side. Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about 6 percent,” External link

manilatimes Monday, March 16, 2020 9:49:00 PM EAT

Benjamin Diokno said : “The Monetary Board is ready to deploy any or all its policy tools, as appropriate, to address all challenges to our own financial markets and growth prospects,” External link

manilastandardtoday Monday, March 16, 2020 4:37:00 PM EAT

Benjamin Diokno said : "well capitalized and stable and can absorb some of this relief in the meantime," External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : "Depending on the action the banks, they can actually provide moratorium from the payments and ask for relief from the BSP" External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : “Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about six percent,” External link

iran-daily Saturday, March 14, 2020 11:12:00 AM EAT

Benjamin Diokno told : "I will decide on Monday. I'll get tested today (Friday)," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno said : "If the community quarantine works, the negative impact will be minimal, if it fails, the negative impact will be huge," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 2:33:00 PM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 5:16:00 AM EAT

Benjamin Diokno said : “I would attribute the (lower) FDI for 2019 to two factors: first, the uncertainty owing to the failure to pass the CITIRA legislation and second, the general slowdown in the global economy due to the US-China trade conflict and the increasing protectionism of major economies,” External link

tribuneonline Tuesday, March 10, 2020 11:11:00 PM EAT

Benjamin 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

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “But in recognition of potentially crippling impact of certain events like Covid-19, African swine flu, and other unforeseen calamities, BSP has made available a grant of regulatory relief to some concerned banks and quasi-banks. Temporary regulatory relief measures include, among others, staggered booking of allowance for credit losses, non-imposition of penalties on legal reserve deficiencies, and non-recognition of certain defaulted accounts as past due,” External link

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “Of course there is a window (for its passage).The window might be tight but there is another window which is one month before May to June…Hopefully, such amendments will be passed and reported by the time President Duterte delivers his SoNA (state of the nation address) in July,” External link

tribuneonline Saturday, March 7, 2020 10:34:00 PM EAT

Benjamin Diokno said : “The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to steadily approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Thursday, March 5, 2020 10:42:00 PM EAT

Benjamin Diokno said : “We’re comfortable with 6 percent,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “There are many things that we should do while the whole world is in a mess. We do out home work so that when all of these settle down, we’ll be in a stronger position again,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Saturday, February 29, 2020 2:21:00 PM EAT

Benjamin Diokno said : "The main consideration is that while COVID-19 is less deadly than SARS, it's going to result in more deaths because it has grown so fast," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "So we really have to revisit the implications," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "Most of the things that we want to do are not heavily affected by the COVID-19 [outbreak], like Build, Build Build," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : “As you know, I committed to 50 basis points this year. We are down by 25 basis points, so we still have 25 basis points. We have a lot of monetary space and fiscal space, so if things deteriorate much beyond what we have originally forecasted, we might consider additional cuts in reserve requirement or in the interest rate or policy rate,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “But when that will happen, of course that will depend on our assessment of the situation and the conditions,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The country has low participation in the global trade and in global value chain in comparison to other Asean countries,” “Amid uncertain external environment, it is imperative for the government to sustain the reforms that form the backbone of long-term sustainable development,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The urgent passage of structural reforms is critical to the strategy of achieving an A-level credit rating within the next two years as this enhances the country’s institutional strength to manage the economy, which is a key indicator looked into by credit rating agencies,” External link

abs-cbnnews Wednesday, February 12, 2020 9:22:00 AM EAT

Benjamin Diokno said : “I believe the IMF’s assessment of the domestic economy reflects multi-sectoral efforts to foster inclusive economic growth,” “In line with this, the BSP will continue promoting price stability, financial stability, and an efficient payment and settlement system while pursuing legislative initiatives that will enhance our capacity to pursue our mandate,” External link

tribuneonline Monday, February 10, 2020 11:12:00 PM EAT

Benjamin Diokno said : “The impact could be something like 0.3 percent,” External link

manilastandardtoday Monday, February 10, 2020 4:15:00 PM EAT

Benjamin Diokno said : “Well, we looked at it… We made assumptions for the first quarter (impact)… it could be solved (in) two quarters… this virus is less deadly than the previous ones,” External link

tribuneonline Saturday, February 8, 2020 12:35:00 AM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Friday, February 7, 2020 1:23:00 AM EAT

Benjamin Diokno told : “Preliminary BSP estimates show a 0.3 ppt (percentage point) reduction in 2020 GDP . . .,” External link

manilatimes Thursday, February 6, 2020 9:30:00 PM EAT

Benjamin Diokno said : “We’re still looking at 50, so that we still have more space in the event of further deterioration in the economy,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “We’re really for a flexible exchange rate,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “The January 2020 inflation of 2.9 percent was within the BSP’s forecast range of 2.5 to 3.3 percent. This is consistent with the BSP’s prevailing assessment that inflation is expected to gradually approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Wednesday, February 5, 2020 10:13:00 PM EAT

Benjamin Diokno said : “Right now, we are cash heavy. By (2023, we’ll be) cash-lite,” External link

tribuneonline Tuesday, February 4, 2020 12:50:00 PM EAT

Benjamin Diokno said : “So in this regard, the BSP will continue to monitor this development as we prepare our forecast for our review of the monetary policy stance,” External link

pna Thursday, January 30, 2020 3:32:00 PM EAT

Benjamin Diokno told : "We're doing great. We're in a very nice place right now. We'll go slow in our monetary easing," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno told : "That's going to go through the legal process. It will not happen overnight like a takeover by government. That will not happen. There will be a process," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno added : “I promise, first quarter of this year maybe 25 basis points and we’ll continue to look at other numbers,” External link

pna Tuesday, January 7, 2020 3:51:00 PM EAT

Benjamin Diokno said : "Maybe, we'll announce when and how much, will depend on the data" External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "That's appropriate to see how the adjustments are being digested by the markets" "This is the appropriate course for the markets. This is also being done by other countries," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "I don't think it will have any large impact on the financial system, we just want to make sure we get a handle of what is going on," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "These are small transactions, I understand," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "Notwithstanding the weak global growth outlook prospects for the Philippine economy continue to be robust on the back of firm domestic demand, sustained policy support from increased fiscal spending as well as improved domestic liquidity conditions owing to recent monetary adjustments," External link

abs-cbnnews Thursday, December 12, 2019 12:27:00 PM EAT

Benjamin Diokno told : "Sustained policy support from increased fiscal spending, as well as improved domestic liquidity conditions owing to recent monetary adjustments, is also expected to support growth in the coming months," External link

4-traders Thursday, December 12, 2019 11:59:00 AM EAT

Benjamin Diokno added : “BSP’s Monetary Board will consider new data and potential risks at its meeting next week on 12 December 2019,” External link

pna Thursday, December 5, 2019 6:26:00 AM EAT

Benjamin Diokno said : “We'll look at December and then maybe early January, we'll resume monetary easing,” External link

pna Tuesday, December 3, 2019 3:09:00 PM EAT

Benjamin Diokno said : "The goal of financial inclusion is to ensure that all Filipinos are able to use financial services that are appropriate to their needs and capacities," External link

abs-cbnnews Thursday, November 28, 2019 5:38:00 AM EAT

Benjamin Diokno said : “Our efforts to promote digital payments are meant to facilitate delivery of financial services, including credit that are designed around the needs and preference of small value transactors,” “The convenience, affordability and flexibility of these digital products will hopefully make informal lenders charging exorbitant fees less attractive,” External link

abs-cbnnews Tuesday, November 26, 2019 5:01:00 PM EAT

Benjamin Diokno told : “Hindi naman makakaapekto kasi marami nang imports na darating pa lang eh, tapos concern nga is harvest season, baka lalong bumaba yung presyo,” External link

abs-cbnnews Wednesday, November 20, 2019 3:20:00 PM EAT

Benjamin Diokno said : “The digital life is upon us, and we can harness this to make sure internet access and mobile phone ownership do not only lead to better social connections and convenient shopping but also and more importantly, to greater ability for all Filipinos to use welfare-enhancing financial services,” External link

pna Monday, November 18, 2019 3:04:00 PM EAT

Benjamin Diokno said : “The 6 percent full year GDP (gross domestic product) growth target is a tall order, after a slower than expected first half, but still doable,” External link

manilatimes Thursday, November 7, 2019 7:49:00 PM EAT

Benjamin Diokno said : "There will be no policy cuts this year and no more relaxation of the reserve requirement," External link

abs-cbnnews Monday, November 4, 2019 7:26:00 AM EAT

Benjamin Diokno said : “Headline inflation declined further to 1.7 percent (year-on-year) in the third quarter 2019 from 3 percent in the previous quarter, bringing year-to-date inflation at 2.8 percent, well within the national government’s target range,” External link

tribuneonline Friday, October 25, 2019 11:35:00 PM EAT

Benjamin Diokno said : “Nevertheless, we expect growth to remain robust in the coming months,” External link

inquirer Friday, October 25, 2019 1:42:00 PM EAT

Benjamin Diokno said : "There's an overall positive outlook for the domestic economy," External link

abs-cbnnews Friday, October 25, 2019 7:29:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
secretary95.26%EN11/22/201722/11/2017
justice secretary0.14%EN05/15/201715/05/2017
energy secretary0.14%EN05/14/201714/05/2017
defense secretary0.14%EN01/31/201731/01/2017
finance secretary0.68%EN01/06/201706/01/2017
public works secretary0.14%EN12/20/201620/12/2016
communications secretary0.14%EN11/22/201622/11/2016
minister1.22%EN10/21/201621/10/2016
trade secretary0.41%EN10/19/201619/10/2016
philippine drug enforcement agency director general0.14%EN10/15/201615/10/2016
economist0.27%EN08/25/201625/08/2016
successor0.14%EN06/12/201612/06/2016
economics professor1.22%EN01/29/201529/01/2015
Names Lang Count
Benjamin DioknoEN99.25%
Benjamin DioknoSA0.25%
Benjamin DioknoFR0.25%
Benjamin DioknoPT0.25%


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