PDate: 7/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$155 million in June 2024, lower than the US$606 million BOP deficit recorded in June 2023. The BOP deficit in June 2024 reflected outflows arisin...

PDate: 7/18/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (left) formally welcomes new Monetary Board Member (MBM) Walter C. Wassmer to the BSP after administering his oath of office at the BSP head office in Manila on ...

PDate: 7/18/2024
Content: ​The Financial Sector Forum (FSF) successfully concluded the third Supervisory College, an initiative aimed at enhancing the effectiveness and coherence of supervisory practices governing financial conglomerates.  This hi...

PDate: 7/17/2024
Content: ​Puerto Princesa Mayor Lucilo R. Bayron pays using QR Ph to a merchant during the launch of Paleng-QR Ph Plus on 16 July 2024 in Puerto Princesa City. Joining him are Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romu...

PDate: 7/17/2024
Content: ​Photo shows (front row, seventh to ninth from left) Agricultural Credit Policy Council Director Magdalena Casuga, Bangko Sentral ng Pilipinas Cabanatuan Branch Officer-in-Charge Lydia Panahon, Principal Researcher Dr. Veronic...

PDate: 7/17/2024
Content: ​The Monetary Board has approved further amendments to FX regulations to allow the BSP to gather more accurate and relevant information on FX transactions to promote and maintain price stability and ensure financial stability ...

PDate: 7/16/2024
Content: ​The 29th EMEAP1 Governors’ Meeting was held in Penang, Malaysia on 15 July 2024. The meeting was chaired by Bank Negara Malaysia Governor Abdul Rasheed Ghaffour. The Governors discussed recent economic and financial developme...

PDate: 7/16/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) will be conducting the 4th Corporate Financial Trends Survey (CFTS) in the third quarter of 2024. The CFTS is a BSP initiative designed to provide a better understanding of the financial ...

PDate: 7/12/2024
Content: ​Pinaaalalahanan ng Bangko Sentral ng Pilipinas (BSP) ang publiko na lalong maging mapagmatyag laban sa mga scam dahil nagagawa nang mas kapani-paniwala ang mga pekeng video at audio gamit ang artificial intelligence (AI). &#1...

PDate: 7/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) rose by 3.7 percent to US$2.88 billion in May 2024 from US$2.78 billion recorded in May 2023. The increase in personal remittances in May 2024 was due to remittances from 1) ...

PDate: 7/12/2024
Content: ​President Ferdinand R. Marcos, Jr. has appointed veteran banker Walter C. Wassmer as a member of the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB).The new MB Member (MBM) joins BSP Governor and MB Chairman Eli M. Rem...

PDate: 7/12/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 6.5 percent year-on-year to about ₱17.4 trillion in May from 5.6 percent in April. On a month-on-month seasonally-adjusted basis, M3 increased by about 1.1 percent....

PDate: 7/12/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 10.1 percent year-on-year in May from 9.6 percent in April. On a mo...

PDate: 7/12/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) warns the public to be more vigilant against scams because the use of artificial intelligence (AI) to create or manipulate fake videos and audios make them appear more believable. Pe...

PDate: 7/10/2024
Content: ​Foreign direct investment (FDI) recorded US$556 million net inflows in April 2024, albeit lower by 36.9 percent than the US$881 million net inflows posted in April 2023 (Figure 1).1,2 In particular, nonresidents’ net investme...

PDate: 7/8/2024
Content: ​Effective 09 July 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​Loan M...

PDate: 7/8/2024
Content: ​The Philippines placed first among 50 countries in the “2024 Investor Relations (IR) and Debt Transparency Report” of the Institute of International Finance (IIF).The Washington DC-based institute reported that the Philippines...

PDate: 7/5/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$104.70 billion as of end-June 2024 from the end-May 2024 level of US$105.02 billion.1 The latest GIR level represents a more than...

PDate: 7/5/2024
Content: ​Headline inflation eased to 3.7 percent year-on-year in June from 3.9 percent in May. This is within the BSP’s forecast range of 3.4 – 4.2 percent for the month. The resulting year-to-date average of 3.5 percent was within the...

PDate: 7/4/2024
Content: ​Pinag-iingat ng Bangko Sentral ng Pilipinas (BSP) ang publiko laban sa mga manlolokong indibidwal o entity na nagpapanggap na empleyado, opisyal o kinatawan ng mga opisina ng BSP.Ilegal na gumagamit ang mga ito ng pangalan at ...

PDate: 7/4/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) warns the public to remain vigilant against individuals and entities unlawfully representing themselves as officers, employees, offices, or units of the BSP.These entities unscrupulously u...

PDate: 7/3/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas Deputy Governor Francisco G. Dakila, Jr. (second from right) discussing foreign investment trends during the Philippine Economic Briefing in Tokyo with (from left),  Nomura Philippi...

PDate: 7/2/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) is ramping up its financial inclusion efforts by exploring uses for Open Finance, measuring financial health, collecting data on the pricing of digital payments, and supporting a legislati...

PDate: 7/2/2024
Content: ​Former President and now Pampanga 2nd District Representative Gloria Macapagal-Arroyo scans a QR code to pay for purchased goods during the Paleng-QR Ph Plus launch in Guagua, Pampanga on 14 June 2024. Also in the photo are (f...

PDate: 7/1/2024
Content:  Nexus is a BIS Innovation Hub project that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally.

It is the first BIS Innovation Hub project in the payments a...

PDate: 7/1/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) South Luzon Regional Director Tomas D. Cariño, Jr. (fourth from left)  and Legazpi City Mayor Carmen Geraldine B. Rosal (fifth from left) led the launching of Paleng-QR Ph Plus at the Cit...

PDate: 6/29/2024
Content: ​Photo shows Agricultural Credit Policy Council Director Magdalena Casuga, Bangko Sentral ng Pilipinas Principal Researcher Dr. Veronica Bayangos, Regional Director Tomas Cariño, and Researchers Ferdinand Co (front row, sevent...

PDate: 6/28/2024
Content: ​End-March 2024 DevelopmentsPreliminary data on the country’s net international investment position (IIP) indicated a net liability position of US$59.3 billion as of end-March 2024, higher by 15.5 percent than the US$51.3 bill...

PDate: 6/28/2024
Content: ​​The country’s net external liability position widened by 6.1 percent quarter-on-quarter to P2.6 trillion in Q4 2023 from P2.4 trillion in Q3 2023 due to the higher net external liability positions of the general government a...