PDate: 4/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) grew by 3.0 percent to US$2.95 billion in February 2024 from US$2.86 billion recorded in February 2023. The increase in personal remittances in February 2024 was due to remit...

PDate: 4/15/2024
Content: ​For the period January to March 2024, the Monetary Board approved a total of US$2.87 billion of public sector foreign borrowings, which are 48 percent lower than the US$5.56 billion approved in the same period in 2023. These ...

PDate: 4/12/2024
Content: ​The Monetary Board has approved the amendments to FX regulations covering foreign investments in line with the Bangko Sentral ng Pilipinas’ (BSP) commitment to further facilitate access to FX resources of authorized agent ban...

PDate: 4/12/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP), in its continued commitment to transparency and good governance, releases information on the issuance of Monetary Board opinions (MBOs) on the proposed domestic borrowings of local gover...

PDate: 4/12/2024
Content: ​The consumer sentiment in the Philippines improved in Q1 2024 as the overall confidence index (CI) became less negative at -10.9 percent from -19 percent in Q4 2023. This improvement means that although the pessimists continu...

PDate: 4/12/2024
Content: ​The business sentiment in the Philippines turned less upbeat in Q1 2024 as the overall confidence index (CI) declined to 33.1 percent from 35.9 percent in Q4 2023. This is reflective of the combined decrease in the percentage...

PDate: 4/11/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 5.0 percent year-on-year to about ₱16.9 trillion in February 2024 from 6.0 percent in January. On a month-on-month seasonally-adjusted basis, M3 decreased by about ...

PDate: 4/11/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, expanded by 8.6 percent year-on-year in February from 7.8 percent in Januar...

PDate: 4/10/2024
Content: ​Foreign direct investment (FDI) net inflows grew by 89.9 percent to reach US$907 million in January 2024 from the US$478 million net inflows in January 2023 (Figure 1).1,2 The increase in FDI was supported mainly by the 173.2...

PDate: 4/8/2024
Content: At its meeting today, the Monetary Board decided to retain the BSP’s Target Reverse Repurchase (RRP) Rate at 6.50 percent. Thus, the interest rates on the overnight deposit and lending facilities also remain at 6.0 percent and ...

PDate: 4/8/2024
Content: ​Effective 11 April 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 ...

PDate: 4/6/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, rose to US$104.0 billion as of end-March 2024 from the end-February 2024 level of US$102.0 billion.1 The latest GIR level represents a more tha...

PDate: 4/6/2024
Content: ​Headline inflation increased to 3.7 percent year-on-year in March from 3.4 percent in February. This is within the BSP’s forecast range of 3.4 – 4.2 percent for the month. The resulting year-to-date average of 3.3 percent was ...

PDate: 4/3/2024
Content: ​1. Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC) after previously expressing their interest in joining the initiative. BDCB signed the second...

PDate: 4/1/2024
Content: ​The BSP projects March 2024 inflation to settle within 3.4 to 4.2 percent. Continued price increases of rice and meat along with higher domestic oil prices and electricity rates are the primary sources of upward price pressure...

PDate: 3/27/2024
Content: ​Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$15.2 billion as of end-December 2023, a decrease of US$340 million or by 2.2 percent from the end-September 2023 level of US$15.5 billion...

PDate: 3/27/2024
Content: ​The country’s net external liability position widened by 4 percent quarter-on-quarter to P2.6 trillion in Q3 2023 from P2.5 trillion in Q2 2023 due to the higher net external liability position of the non-financial corporatio...

PDate: 3/27/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in February 2024 recorded net inflows of US$689 million resulting from the US$1.5 billion gross inflows and US$859 million gross out...

PDate: 3/27/2024
Content: ​Fourth Quarter 2023 DevelopmentsPreliminary data on the country’s net international investment position (IIP) indicated a net liability position of US$51.3 billion as of end-December 2023, higher by 8.1 percent than the US$47...

PDate: 3/27/2024
Content: ​Nationwide residential property prices rise by 6.5% YoY but decline by 3.6% QoQ in Q4 2023Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q4 2023, rising by 6.5...

PDate: 3/26/2024
Content: ​The Municipal Circuit Trial Court of Alfonso-General Aguinaldo, Cavite convicted Angelina Vidallon Romasanta for violating the Revised Penal Code in relation to a fictitious loan with the closed Community Bank (Rural Bank of ...

PDate: 3/25/2024
Content: ​The Monetary Board, in its Resolution No. 145.A dated 01 February 2024, approved the cancellation of ATOMTRANS TECH CORP’s Certificate of Registration to operate as a Remittance and Transfer Company with Type “A” Remittance A...

PDate: 3/25/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) reaffirmed its commitment to strengthen financial education (Fin-Ed) for students and teachers at a meeting with the Department of Education (DepEd) and the BDO Foundation at the DepEd Ce...

PDate: 3/22/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS).The MORPS serves as a readily available reference for National Payment System (NPS) participants and the public on...

PDate: 3/22/2024
Content: ​The BSP informs the public that the 2nd meeting of the Monetary Board on the monetary policy stance will be held on 8 April 2024, Monday, instead of 4 April 2024, Thursday. Accordingly, the press briefing on the BSP’s monetar...

PDate: 3/22/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) once again reminds BSP-Supervised Financial Institutions (BSFIs) offering PESONet and InstaPay services to ensure the availability of customer services during holidays and non-working day...

PDate: 3/21/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Deputy Governor (DG) Bernadette Romulo-Puyat (fifth from right) led the turnover ceremony of the Agricultural Value Chain Financing (AVCF) Project from the BSP and the Asian Development Bank ...

PDate: 3/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$196 million in February 2024, lower than the US$895 million BOP deficit recorded in February 2023. The BOP deficit in February 2024 reflected out...

PDate: 3/18/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) reminds the public to carefully scrutinize individuals, groups, or companies using the BSP name and logo on their websites, social media accounts, and promotional materials. They usually ...

PDate: 3/15/2024
Content: ​Total external debt (EDT) stood at US$125.4 billion as of end-December 2023, up by US$6.6 billion (or 5.5 percent) from the US$118.8 billion level as of end-September 2023. Despite the increase in the debt stock, the external...