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PDate: 9/30/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) are taking their capital market development work a step further with two complementary initiatives.These two initiatives are about cre...

PDate: 9/27/2024
Content: ​The consumer sentiment for Q3 2024 improved as the overall confidence index (CI) turned less negative at -15.6 percent from -20.5 percent in the Q2 2024 survey results. This is reflective of the decrease in the percentage of ...

PDate: 9/27/2024
Content: ​​The business sentiment in the Philippines remained optimistic in Q3 2024 as the overall confidence index (CI) was little changed at 32.9 pe​​rcent from 32.1 percent in Q2 2024. The steady sentiment reflected the decrease in ...

PDate: 9/27/2024
Content: ​Nationwide residential property prices rise by 2.7% YoY and 1.8% QoQ in Q2 2024Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q2 2024. Residential property pri...

PDate: 9/27/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Regional Director Anna Clara Oville (first photo, rightmost) joins Dauin Mayor Galicano Truita (first photo, center) as he successfully pays using QR Ph at the town’s Mega Market.Dauin, Negro...

PDate: 9/26/2024
Content: ​The banking industry's outlook for the next two years remains optimistic based on the 2023 Banking Sector Outlook Survey (BSOS).  Overall, respondent banks expect double-digit growth in their assets, loans, deposits, and...

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...

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...

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 ...

PDate: 9/20/2024
Content: ​The latest set of forecasts indicate an improvement in the overall balance of payments (BOP) position for 2024 and 2025 relative to the June 2024 projection exercise. This development is underpinned mainly by the sustained po...

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...

PDate: 9/19/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (top row, fifth from right) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Visayas Regional Office on 16 Septembe...