The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.
The central bank has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.
The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.
The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says "could lead to panic in the financial market."
The Philippines has halted stock, bond and currency trading 'until further notice'. The BSP is urging banks to provide financial relief to customers and employees.
After minutes of training, algorithms were able to use 250,000 records of previously unseen raw data to predict regulatory reporting output with degrees of accuracy exceeding 99%.
Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.
The 30-minute trading halt came shortly after the SET announced a Covid-19 relief package, which included 500 million baht in fee reductions for market participants.
IDX halted trading to end Thursday, just a day after tightening the circuit breaker mechanism. The pre-opening session is suspended until further notice.
In the Philippines' October 2019 mutual evaluation report, the APG noted low confiscation cases and detection levels in relation to bulk movements of currency across borders.