Quezon Province Launches Paleng-QR Ph Plus

PDate: 10/1/2024
Content: ​Quezon Governor Angelina DL. Tan (third from left) and Bangko Sentral ng Pilipinas (BSP) South Luzon Regional Director Tomas J. Cariño, Jr. (far right) led the signing of the pledge of commitment to implement Paleng-QR Ph Plu...
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1 Oct 2024

FCDU Lending Decreased in Q2 2024

PDate: 9/30/2024
Content: ​Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$15.63 billion as of end-June 2024, a decrease of US$438.58 million or by 2.7 percent from the end-March 2024 level of US$16.07 billion as...
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30 Sep 2024

Month-Ahead Inflation Forecast for September 2024

PDate: 9/30/2024
Content: ​The BSP projects September 2024 inflation to settle within the range of 2.0 to 2.8 percent. Negative base effects along with lower prices of food commodities including rice, meat, and vegetables as well as lower domestic oil ...
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30 Sep 2024

PSE seeks public comment on proposed rules for Global Philippine Depositary Receipts

The Philippine Stock Exchange, Inc. (PSE) requested equities market stakeholders to review and give their comments on the proposed rules prepared by the Exchange for Global Philippine Depositary Receipts (GPDR). GPDRs are peso-denominated instruments representing economic interest in an underlying security listed on an overseas stock exchange, where the holder does not possess voting rights…
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30 Sep 2024

Residential Real Estate Prices Increase in Q2 2024

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...
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27 Sep 2024

Dauin, Negros Oriental Launches Paleng-QR Ph Plus

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...
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27 Sep 2024

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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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