PDate: 7/12/2024
Content: ​President Ferdinand R. Marcos, Jr. has appointed veteran banker Walter C. Wassmer as a member of the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB).The new MB Member (MBM) joins BSP Governor and MB Chairman Eli M. Rem...

PDate: 7/12/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 6.5 percent year-on-year to about ₱17.4 trillion in May from 5.6 percent in April. On a month-on-month seasonally-adjusted basis, M3 increased by about 1.1 percent....

PDate: 7/12/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 10.1 percent year-on-year in May from 9.6 percent in April. On a mo...

PDate: 7/12/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) warns the public to be more vigilant against scams because the use of artificial intelligence (AI) to create or manipulate fake videos and audios make them appear more believable. Pe...

PDate: 7/10/2024
Content: ​Foreign direct investment (FDI) recorded US$556 million net inflows in April 2024, albeit lower by 36.9 percent than the US$881 million net inflows posted in April 2023 (Figure 1).1,2 In particular, nonresidents’ net investme...

PDate: 7/8/2024
Content: ​Effective 09 July 2024, the applicable rediscount rates for the Bangko Sentral ng Pilipinas (BSP) Peso Rediscount Facility and Exporters’ Dollar and Yen Rediscount Facility are as follows:a. Peso Rediscount Facility​Loan M...

PDate: 7/8/2024
Content: ​The Philippines placed first among 50 countries in the “2024 Investor Relations (IR) and Debt Transparency Report” of the Institute of International Finance (IIF).The Washington DC-based institute reported that the Philippines...

PDate: 7/5/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$104.70 billion as of end-June 2024 from the end-May 2024 level of US$105.02 billion.1 The latest GIR level represents a more than...

PDate: 7/5/2024
Content: ​Headline inflation eased to 3.7 percent year-on-year in June from 3.9 percent in May. This is within the BSP’s forecast range of 3.4 – 4.2 percent for the month. The resulting year-to-date average of 3.5 percent was within the...

PDate: 7/4/2024
Content: ​Pinag-iingat ng Bangko Sentral ng Pilipinas (BSP) ang publiko laban sa mga manlolokong indibidwal o entity na nagpapanggap na empleyado, opisyal o kinatawan ng mga opisina ng BSP.Ilegal na gumagamit ang mga ito ng pangalan at ...

PDate: 7/4/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) warns the public to remain vigilant against individuals and entities unlawfully representing themselves as officers, employees, offices, or units of the BSP.These entities unscrupulously u...

PDate: 7/3/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas Deputy Governor Francisco G. Dakila, Jr. (second from right) discussing foreign investment trends during the Philippine Economic Briefing in Tokyo with (from left),  Nomura Philippi...

PDate: 7/2/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) is ramping up its financial inclusion efforts by exploring uses for Open Finance, measuring financial health, collecting data on the pricing of digital payments, and supporting a legislati...

PDate: 7/2/2024
Content: ​Former President and now Pampanga 2nd District Representative Gloria Macapagal-Arroyo scans a QR code to pay for purchased goods during the Paleng-QR Ph Plus launch in Guagua, Pampanga on 14 June 2024. Also in the photo are (f...

PDate: 7/1/2024
Content:  Nexus is a BIS Innovation Hub project that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally.

It is the first BIS Innovation Hub project in the payments a...

PDate: 7/1/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) South Luzon Regional Director Tomas D. Cariño, Jr. (fourth from left)  and Legazpi City Mayor Carmen Geraldine B. Rosal (fifth from left) led the launching of Paleng-QR Ph Plus at the Cit...

PDate: 6/29/2024
Content: ​Photo shows Agricultural Credit Policy Council Director Magdalena Casuga, Bangko Sentral ng Pilipinas Principal Researcher Dr. Veronica Bayangos, Regional Director Tomas Cariño, and Researchers Ferdinand Co (front row, sevent...

PDate: 6/28/2024
Content: ​End-March 2024 DevelopmentsPreliminary data on the country’s net international investment position (IIP) indicated a net liability position of US$59.3 billion as of end-March 2024, higher by 15.5 percent than the US$51.3 bill...

PDate: 6/28/2024
Content: ​​The country’s net external liability position widened by 6.1 percent quarter-on-quarter to P2.6 trillion in Q4 2023 from P2.4 trillion in Q3 2023 due to the higher net external liability positions of the general government a...

PDate: 6/28/2024
Content: ​Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$16.1 billion as of end-March 2024, an increase of US$911 million or by 6.0 percent from the end-December 2023 level of US$15.2 billion as...

PDate: 6/28/2024
Content: ​Nationwide residential property prices rise by 6.1% YoY and 1.1% QoQ in Q1 2024Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q1 2024, rising by 6.1 percent ye...

PDate: 6/28/2024
Content: ​The BSP projects June 2024 inflation to settle within the range of 3.4 to 4.2 percent. Increases in the prices of agricultural commodities like rice, vegetables, meat, and fish, along with the peso depreciation and higher dom...

PDate: 6/28/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in May 2024 recorded net inflows of US$43 million resulting from the US$1.1 billion gross inflows and the US$1.0 billion gross outfl...

PDate: 6/28/2024
Content: ​The business sentiment in the Philippines turned less upbeat in Q2 2024 as the overall confidence index (CI) declined to 32.1 percent from 33.1 percent in Q1 2024. This is reflective of the combined decrease in the percentage...

PDate: 6/28/2024
Content: ​The consumer sentiment in the Philippines was more pessimistic for Q2 2024 as the overall confidence index (CI) became more negative at -20.5 percent from -10.9 percent in Q1 2024. The decline in the index is reflective of th...

PDate: 6/27/2024
Content: ​At its meeting today, the Monetary Board decided to maintain the BSP’s Target Reverse Repurchase (RRP) Rate at 6.50 percent. The interest rates on the overnight deposit and lending facilities will remain at 6.0 percent and 7....

PDate: 6/20/2024
Content: Photo shows (front row, from left) Asian Development Bank Senior Financial Sector Specialist Kelly Hattel, Philippine Space Agency Deputy Director General Denis F. Villorente, Bangko Sentral ng Pilipinas (BSP) Deputy Governor ...

PDate: 6/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$2.0 billion in May 2024, a reversal from the US$439 million BOP deficit recorded in May 2023. The BOP surplus in May 2024 reflected inflows arisi...

PDate: 6/11/2024
Content: ​Inaprubahan ng Monetary Board ng Bangko Sentral ng Pilipinas (BSP) noong 30 Mayo 2024 ang “Consumer Redress Mechanism Standards” o Circular No. 1195 para sa Account-to-Account Electronic Fund Transfers (EFTs) sa ilalim ng Nat...

PDate: 6/17/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) grew by 3.1 percent to US$2.86 billion in April 2024 from US$2.77 billion recorded in April 2023. The increase in personal remittances in April 2024 was due to remittances fr...