PDate: 1/8/2024
Content: ​Strengthening the corporate bond market is high on the list of priorities of the Financial Stability Coordination Council (FSCC) in 2024. In its last meeting for 2023, the Council noted that the Philippine financial marke...

PDate: 1/8/2024
Content: ​BSP Governor Eli M. Remolona, Jr. and BAIPHIL President Racquel B. Mañago shake hands after signing a memorandum of understanding (MOU), covering collaboration on productivity enhancements for banks through research, informati...

PDate: 1/5/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$102.5 billion as of end-December 2023 from the end-November 2023 level of US$102.7 billion.1 The latest GIR level represents a mo...

PDate: 1/5/2024
Content: ​Headline inflation slowed down to 3.9 percent year-on-year in December from 4.1 percent in November and was within the BSP’s forecast range of 3.6-4.4 percent for the month. The resulting full-year average inflation rate for 2...

PDate: 1/5/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) has issued amendments to the regulations on the return of banks’ bounced checks, and on the rollout of the “Intraday Settlement Facility” (ISF). These are part of BSP’s broader policy...

PDate: 12/30/2023
Content: ​The 1000-Piso polymer banknote features the Philippine eagle, one of the rarest and most powerful birds of prey, thus helping efforts to promote its conservation. The banknote also features the national flower Sampaguita, al...

PDate: 12/29/2023
Content: Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$15.5 billion as of end-September 2023, an increase of US$109 million or by 0.7 percent from the end-June 2023 level of US$15.4 billion as...

PDate: 12/29/2023
Content: ​Third Quarter 2023 DevelopmentsPreliminary data on the country’s net international investment position (IIP) indicated a net liability position of US$50.0 billion as of end-September 2023, slightly higher by 0.7 percent than...

PDate: 12/29/2023
Content: ​Nationwide residential property prices rise by 12.9% YoY and 3.4% QoQ in Q3 2023Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q3 2023, rising by 12.9 percent...

PDate: 12/29/2023
Content: ​The BSP extends for another year or until 15 December 2024 the moratorium on the entry of new EMI-NBFIs. Applications for exemption from the moratorium may be granted under the conditions set out in BSP Memorandum No. M-2021...

PDate: 12/29/2023
Content: ​The BSP projects December 2023 inflation to settle within the range of 3.6 to 4.4 percent. Higher prices of rice and meat are seen as the primary sources of upward price pressures in December. Meanwhile, lower prices for agr...

PDate: 12/28/2023
Content: ​Transactions on foreign investments registered with the BSP, through AABs, in November 2023 recorded net inflows of US$673 million resulting from the US$1.6 billion gross inflows and the US$902 million gross outflows for the...

PDate: 12/27/2023
Content: ​The Regional Trial Court of Makati City has convicted a former officer of the closed Rural Bank of Mabini (Batangas), Inc. (RB Mabini) for violating the General Banking Law of 2000 and the New Central Bank Act.The criminal c...

PDate: 11/27/2023
Content: ​CALAMBA CITY JOINS PALENG-QR PH PLUS. Bangko Sentral ng Pilipinas Regional Director Tomas J. Cariño, Jr. (third from left) led the launching of Paleng-Qr Ph Plus in Calamba City with (from left) Calamba City Barangay 5 Chair...

PDate: 11/23/2023
Content:  Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. joined President Ferdinand R. Marcos, Jr. and the members of the Cabinet in highlighting the country’s sound macroeconomic fundamentals and investment oppo...

PDate: 11/21/2023
Content: ​Three courts in General Santos City, South Cotabato have convicted former officers of the closed Sarangani Rural Bank, Inc. (SRBI) for violating the Bangko Sentral ng Pilipinas’ (BSP) Manual of Regulations for Banks (MORB), ...

PDate: 11/20/2023
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$1.5 billion in October 2023, higher than the US$711 million BOP surplus recorded in the same month last year. The BOP surplus in October 2023 re...

PDate: 11/20/2023
Content: Photo shows (from left) BSP Director Ellen Joyce L. Suficiencia with TradeAdvisors Chief Executive Officer Atty. Anthony A. Abad, Agrilever Philippines Co-Founder Atty. Arthur C. Yap, and International Finance Corporation Cou...

PDate: 11/18/2023
Content: ​Cotabato City is now part of the Paleng-QR Ph Plus program that promotes digital payments through quick response (QR) codes in markets,  and public transport hubs.  The  program launch was led by Cotabato City...

PDate: 11/17/2023
Content:

The Bangko Sentral ng Pilipinas (BSP) named eight outstanding institutional partners of its North Luzon Regional Office at the 2023 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held on 17 November i...

PDate: 11/16/2023
Content: ​At its meeting on monetary policy today, the Monetary Board decided to keep the BSP’s Target Reverse Repurchase (RRP) Rate unchanged at 6.50 percent. Accordingly, the interest rates on the overnight deposit and lending facil...

PDate: 11/15/2023
Content: ​Personal remittances from Overseas Filipinos (OFs) in September 2023 reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year. The growth in personal remittances in September ...

PDate: 11/14/2023
Content: ​The Monetary Board, in its Resolution No. 1207.A dated 14 September 2023, has approved the cancellation of BSP registration of AGUINALDO NETWORK INTERNATIONAL INC. as MSB with a Type "A” RA with MC/FXD operations pursua...

PDate: 11/14/2023
Content: ​The Bangko Sentral ng Pilipinas (BSP) kicks off today the 2023 Financial Education Stakeholders (Fin-Ed) Congress, themed "Unlocking Financial Freedom through Holistic Financial Empowerment” at the SMX Convention Center...

PDate: 11/13/2023
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 7.9 percent year-on-year to about ₱16.6 trillion in September from 6.8 percent in August. On a month-on-month seasonally-adjusted basis, M3 increased by about 1.0 ...

PDate: 11/13/2023
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, increased by 6.5 percent year-on-year in September from 7.2 percent in Aug...

PDate: 11/11/2023
Content: ​Fitch Ratings has affirmed the Philippines’ “BBB” credit rating, which is a notch above the minimum investment grade, and has kept the outlook on the rating at “stable.” Since December 2017, the Philippines has maintained a ...

PDate: 11/10/2023
Content: ​Foreign direct investment (FDI) posted net inflows of US$789 million in August 2023, slightly lower than the US$792 million net inflows recorded in the same month last year (Figure 1).1,2 The marginal decline in FDI net infl...

PDate: 11/9/2023
Content:  The domestic economy’s total saving reached P3.7 trillion in 2020, 26.1 percent lower than the P5 trillion recorded in 2019 due primarily to the lockdown measures implemented by the government to control the spread of CO...