News

BSP Enhances its Rediscounting Facility

PDate: 9/24/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) will enhance its rediscounting facility, adding advances against government and BSP securities, helping align its credit operations with global best practices.  Under the change, the...
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24 Sep 2024

Statement on BSP’s Gold Sales for GIR Management

PDate: 9/24/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) sold gold during the first half of the year as part of its active management strategy of the country’s gold reserves, which form part of the country’s Gross International Reserves (GIR).T...
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24 Sep 2024

Petron Corporation lists FOO shares

Petron Corporation (PCOR) raised Php 16.83 billion from the follow-on offering (FOO) of its Series 4D and 4E preferred shares. The said shares were listed on the Philippine Stock Exchange (PSE) under the stock symbols, PRF4D and PRF4E, respectively. The Series 4D and 4E preferred shares were taken from the second tranche of PCOR’s Series…
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23 Sep 2024

BSP Statement on National ID Printing Contract Issues

PDate: 9/21/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) reiterates that the termination of the contract with AllCard was justified due to delays on AllCard’s part. This decision was made to protect the interests of the government, represented ...
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News
21 Sep 2024

BSP Reduces Reserve Requirements

PDate: 9/20/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) will reduce the reserve requirement ratios (RRRs) by 250 basis points (bps) for universal and commercial banks (U/KBs) and non-bank financial institutions with quasi-banking functions (NB...
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20 Sep 2024