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...

PDate: 9/4/2024
Content: Maybank Philippines, Incorporated officially started its Islamic banking operations on 14 August 2024, after receiving the grant of authority from the Bangko Sentral ng Pilipinas (BSP) on 04 July 2024.This is the second Islamic...

PDate: 8/30/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in July 2024 recorded net inflows of US$1,383.25 million resulting from the US$2,432.57 million gross inflows and the gross outflows...

PDate: 8/30/2024
Content: ​Preliminary ​data showed that domestic liquidity (M3) grew by 7.2 percent year-on-year to about ₱17.5 trillion in July from 6.6 percent in June. On a month-on-month seasonally-adjusted basis, M3 increased by about 0.7 percent...

PDate: 8/30/2024
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 10.4 percent year-on-year in July, faster than the increase of 10.1...

PDate: 8/30/2024
Content: ​Please be advised that the latest edition of the Monetary Policy Report (MPR) shall be published on Thursday, 5 September 2024.  ​

PDate: 8/30/2024
Content: ​The BSP projects August 2024 inflation to settle within the range of 3.2 to 4.0 percent. Higher electricity rates and higher prices for agricultural commodities, owing to unfavorable weather conditions, are the primary source...

PDate: 8/27/2024
Content: ​President Ferdinand “Bongbong” R. Marcos Jr. was presented with the 7,500-Piso Gold and 750-Piso Silver commemorative coins by Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. on 27 August 2024 at Malacañang, in...

PDate: 8/26/2024
Content: ​Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been recognized as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Card...

PDate: 8/23/2024
Content: ​Moody’s Ratings (Moody’s) affirmed today the Philippines' investment-grade credit rating of “Baa2” with a “stable” outlook.The credit rating agency cited as key factors the country’s reforms to liberalize the economy, fiscal ...

PDate: 8/23/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier (left) and International Finance Corporation Philippines Country Manager Jean-Marc Arbogast (right) with the winners of the BSP’s Race to the Fu...

PDate: 8/22/2024
Content: ​Photo shows (front row, sixth and seventh from right) Monetary Board Members Rosalia V. De Leon and Romeo L. Bernardo together with (front row, third from left) Bangko Sentral ng Pilipinas (BSP) Assistant Governor Arifa A. Al...

PDate: 8/21/2024
Content: ​The Monetary Board approved the continued participation of the Philippines, through the Bangko Sentral ng Pilipinas (BSP), in the Financial Transactions Plan (FTP) of the International Monetary Fund (IMF) for the period Augus...

PDate: 8/20/2024
Content: ​In a ceremony held on 19 August 2024 in Siem Reap, Cambodia, Eli M. Remolona, Jr., Governor of the Bangko Sentral ng Pilipinas (BSP) and H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia (NBC), signed a Memorandu...

PDate: 8/20/2024
Content: The Regional Trial Court (RTC) and the Municipal Trial Court in Cities (MTCC) in Surigao City, Surigao del Norte have convicted a former vice president and manager of the closed Surigao City Evergreen Rural Bank, Inc. (SCERBI)...

PDate: 8/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$62 million in July 2024, a reversal from the US$53 million BOP deficit recorded in July 2023. The BOP surplus in July 2024 reflected inflows main...

PDate: 8/19/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) handed over donations to five health institutions on 12 August 2024 as part of its 31st anniversary celebration. The BSP, which also celebrated 75 years of central banking in the Philippi...

PDate: 8/16/2024
Content: ​The Monetary Board on 15 August 2024 decided to reduce the BSP’s Target Reverse Repurchase Rate by 25 basis points to 6.25 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were set to 5...

PDate: 8/16/2024
Content: ​BSP & DOLE PROMOTE DIGITAL WAGE PAYMENTS Bangko Sentral ng Pilipinas (BSP) Deputy Governor (DG) Bernadette Romulo-Puyat and Labor Assistant Secretary Amuerfina Reyes led the discussions on promoting digital wage payments ...

PDate: 8/16/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) released today its 2023 Sustainability Report, which lays out the rationale and progress of its climate response.“A climate-resilient economy and financial stability are mutually reinforc...

PDate: 8/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) rose by 2.5 percent to US$3.21 billion in June 2024 from US$3.13 billion registered in June 2023. The increase in personal remittances in June 2024 was due to higher remittan...

PDate: 8/15/2024
Content: ​At its monetary policy meeting today, the Monetary Board decided to reduce the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6.25 percent. The interest rates on the overnight deposit and lending facilities ...

PDate: 8/14/2024
Content: ​The Philippines has clinched an A- investment grade rating from another Japan-based credit rating agency. Rating and Investment Information, Inc. (R&I) upgraded its rating on the Philippines from the “BBB+” with positive ...

PDate: 8/13/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1198 on the Regulatory Framework for Merchant Payment Acceptance Activities (MPAA) on 19 July 2024. The framework aims to establish standards and best practices t...

PDate: 8/12/2024
Content: ​Foreign direct investment (FDI) net inflows amounted to US$499 million in May 2024, lower by 1.0 percent than the US$504 million net inflows recorded in May 2023 (Figure 1).1,2 This decline emanated mainly from the 31.7 perce...

PDate: 8/12/2024
Content: Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (center) together with (from left) Monetary Board Member (MBM) Walter C. Wassmer, the Governor’s fellow keynote speaker Bilkent University Professor of Economics ...

PDate: 8/9/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) and the Trust Officers Association of the Philippines (TOAP) highlighted the need to invest smart for retirement during a Personal Equity and Retirement Account (PERA) forum at the BSP hea...