Risks ahead despite tamer inflation–BSP
THE Bangko Sentral ng Pilipinas (BSP) has given assurances that the growth of consumer prices will be tamer…
BSP urges vigilance vs counterfeit banknotes
THE Bangko Sentral ng Pilipinas (BSP) issued last Tuesday a public advisory that urges consumers to regularly inspect…
PESONet clearing batch now 2x a day
THE Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. launched the Multiple Batch Settlement (MBS)…
LandBank cites success in collaboration with PSA
State-owned Land Bank of the Philippines reported that it has onboarded 7.2 million unbanked Philippine Identification System (PhilSys)…
BSP pitches ‘RING’ for safe, resilient financial system
THE Bangko Sentral ng Pilipinas (BSP) is set to implement a new approach to promote a sound, safe,…
Full banking services not yet restored in storm sites
THE Bangko Sentral ng Pilipinas (BSP) confirmed on Wednesday it is still working with banks in the Visayas…
Diokno: Digital ubiquity may abate consumer-price uptick
THE wider adoption of digitalization, particularly of banks’ financial services, may help bring down the overall growth of…
Individuals may soon access credit information via banks
THE Credit Information Corp. is looking to enable the issuance of individual CIC Credit Reports through financial institutions…
OFW remittances up 5.1% in November, bring 11-month total to $28.43B
MONEY sent by Filipino migrant workers continued to grow in November, supporting recovery efforts for the economy towards…
GIR rises to $108.89 billion as of end-December, a 12-month high
THE country’s dollar reserves hit a 12-month high in December, after growing by more than a billion in…
PHL banks managed to grow amid uncertainties last year
THE local banking system managed to grow in terms of assets and deposits in 2021, amid uncertainty surrounding…
Bankers’ group vows continuous operation of PHL financial market
THE Bankers Association of the Philippines (BAP) said they are maintaining the daily schedule of the interbank USD/PHP…
P1,000-bill counterfeiters face jail time, BSP warns
THE Bangko Sentral ng Pilipinas (BSP) warns the public that printing images bearing the facsimile or likeness of…
More banks shorten hours amid surging Covid cases
MORE banks have announced modified operations, especially branches in the National Capital Region (NCR), as health officials reported…
FDIs sustain strong growth in October
THE Bangko Sentral ng Pilipinas (BSP) on Monday reported a 98.9-percent rise in the country’s foreign direct investments…
BDO starts offer of ₧5-B sustainability bonds
BDO Unibank, Inc. announced on Monday that it is starting its offer of P5 billion worth of Peso-denominated…
Banks vow operations steady as cases rise
LOCAL banks ensured continued services amid tighter restrictions and the threat of even more measures due to the…
Unwinding game plan set, but no firm dates
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the timing of their monetary policy support unwinding or,…
BSP flags inflation risks from typhoon
THE Bangko Sentral ng Pilipinas (BSP) welcomed inflation’s deceleration back to below 4 percent in December, but warned…
Diokno named world’s best central banker
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno was recently named Global Central Banker of the Year 2022 by…
PHL peso seen to take a beating through 2022
THE local currency may continue to weaken against the US dollar through 2022, on the back of the…
Manila, Tokyo renew currency swap deal
THE Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the Philippines has renewed its bilateral swap agreement…
Acquiring Citibank unit seen to bode well for Unionbank
UNION Bank of the Philippines’s acquisition of the consumer banking arm of Citi Philippines will bode well for…
PHL manufacturing rises slightly in December
THE country’s manufacturing sector recorded a “fractional uptick” in its performance towards the end of 2021, supported by…
Local banks urged to explore ‘alternative data use’
LOCAL banks are called to look into the use of alternative or non-traditional consumer data in its efforts…
UP History Dept raps BSP ditching of WW2 heroes in bank notes
THE University of the Philippines (UP) Diliman Executive Committee and the UP Department of History exp THE University…
BSP probing reports on fake 1,000-Peso notes
THE Bangko Sentral ng Pilipinas (BSP) said on Wednesday it is currently verifying reports circulating in messaging apps…
BOC sets up OSS in ports for typhoon donations
THE Bureau of Customs (BOC) announced on Wednesday it has activated a One-Stop Shop (OSS) in various ports…
‘BDO compensation to fraud victims had no added clause’
BDO Unibank Inc. on Tuesday clarified that there were no changes made to their terms and conditions after…
11-Mo BOP in surplus despite $123-M Nov gap
THE country’s dollar transactions with the rest of the world slumped back to deficit territory in November after…
Inflation to remain below 4% in 2022 despite oil prices uncertainty–Diokno
THE Bangko Sentral ng Pilipinas (BSP) said inflation will still fall within their target range for next year…
PHL to grow 6.5 percent in 2022, economist says
THE Philippine economy is expected to bounce back in 2022, with its gross domestic product (GDP) growing by…
BSP finalizing circular mandating better banks’ fraud management systems
THE Bangko Sentral ng Pilipinas (BSP) confirmed on Friday that it is in the final stages of issuing…
UCPB stockholders approve merger with LandBank
Land Bank of the Philippines announced on Friday that the stockholders of the United Coconut Planters Bank (UCPB)…
BSP keeps low rates despite risks of inflation
THE Monetary Board on Thursday decided to keep its all-time low interest rate for the last time this…
Manila, Caloocan officials file case vs nonpayment of millions in taxes
THE cities of Manila and Caloocan have filed multiple criminal complaints on Thursday against 19 entities owing hundreds…
Investment in retirement savings up
THE Bangko Sentral ng Pilipinas (BSP) reported on December 16 that the value of contributions in the Personal…
Remittance growth slowed in October to 2.4%—BSP
CASH sent by Filipino migrant workers grew at a slower pace in October this year, the Bangko Sentral…
Heroes will remain heroes, whether in notes or not–Diokno
THE Bangko Sentral ng Pilipinas (BSP) denied claims it is “abandoning” the heritage of Philippine heroes after publishing…
BSP forms team to probe security breach in BDO
A task force was organized by the Bangko Sentral ng Pilipinas (BSP) to investigate the security breach involving…
FDI hit $7.3B by end-September, surpassing target and up by 43.8% from 2020 level
FOREIGN direct investments (FDI) to the country grew strongly at the end of the third quarter of the…
PHL growth gaining ‘solid traction’ on improved mobility, mood – monetary board
THE Bangko Sentral ng Pilipinas (BSP) monetary board believes that the local economic growth appears to be gaining…
Supply chain problems up inflation risk–BSP
CONTINUED supply chain disruptions could pose an upside risk to inflation next year, the Bangko Sentral ng Pilipinas…
Survey: Demand for data protection officers is rising
The digitization trend spurred by the global pandemic continued to drive the demand for data protection officers (DPOs)…
BSP to enhance financial setup responsive to PWDs
THE Bangko Sentral ng Pilipinas (BSP) expressed commitment to promote a financial system responsive to the needs of…
Citi to relaunch PayLite in PHL
Citi Philippines announced on Wednesday that it has forged an agreement with Global Payments Inc. to bring back…
BSP sees inflation decelerating; ’22 and ’23 target bands doable
THE Bangko Sentral ng Pilipinas (BSP) remained confident that the country’s inflation print will decelerate to below 4…
China, UK investors fund South African digital bank
ROSEBANK, Johannesburg, South Africa-headquartered Tyme Bank Ltd. announced securing funds from China and United Kingdom-based investors. In a…
DOF urges DOLE to use tech in payout system
FINANCE Secretary Carlos G. Dominguez III is urging the department headed by Secretary Silvestre H. Bello III to…
BSP prods banks: Fund PHL energy transition
THE Bangko Sentral ng Pilipinas (BSP) urged banks to support the country’s energy transition and shift to mainstream…
Moody’s updates ratings on 3 financial institutions
INTERNATIONAL credit watcher Moody’s Investor Service has affirmed the ratings of two local banks and downgraded one bank’s…
BSP seals polymer deal with Australia
THE Bangko Sentral ng Pilipinas (BSP) announced on Thursday it has reached an agreement with Australia’s central bank,…
BSP ‘recalibrates’ approach in issuance of EMI licenses
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno announced on Thursday that the monetary board has decided…
CIC allows entities to swap credit data
CREDIT reports from the database of the Credit Information Corp. (CIC) may now be transferred from one financial…
PMI fastest in 8 months, but PHL faces ‘issues’
THE country’s manufacturing sector recorded its best performance in 8 months in November as higher demand pushed up…
BSP pins growth prospects hope on Covid log dip, rise in jabs rate
THE Bangko Sentral ng Pilipinas (BSP) has expressed optimism on the country’s growth prospects for 2022, as cases…
BSP: Inflation likely down, below 4% in November
INFLATION likely tamed down to below 4 percent for the first time this year in November, the Bangko…
Regional export growth seen rising further
REGIONAL export growth is expected to rise further in the coming months, as more countries in Southeast Asia…
NPC opens probe into job, investment offers via text
The National Privacy Commission (NPC) announced on Monday that it has ordered three telecommunications companies, a bank, and…
BSP to ‘refresh’ financial inclusion strategy in 2022
THE Bangko Sentral ng Pilipinas (BSP) announced over the weekend that they will be launching a “refreshed” financial…
BSP chief: Data to dictate timing of unwinding
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the timing of their monetary policy support unwinding is…
PHL hits BOP surplus of $476 million for 10 months
THE country’s dollar transactions with the rest of the world turned to surplus in the first 10 months…
BSP to issue green finance rules
THE Bangko Sentral ng Pilipinas (BSP) is set to issue more regulations particularly directed at pushing sustainability as…
Citi PHL exec sees recovery mode in ’22
THE Philippines is expected to recover from the negative economic effects of the pandemic next year, as deals…
Seven of 10 Filipinos have GCash account
SEVEN out of 10 Filipino adults have an account with GCash, the company behind the e-wallet application said…
BSP keeps rates for 8th consecutive time
THE Bangko Sentral ng Pilipinas (BSP) decided on Thursday to keep all monetary policy rates unchanged at record-low…
MB exec: Banks’ compliance with agri-agra law still poor
COMPLIANCE by the local banking system with the agri-agra mandated lending law is not showing any signs of…
4 bank mergers undergoing BSP review
(UPDATED, to clarify that four mergers are under review, and not a merger of four banks, as earlier…
Landbank: No ‘ayuda’ in PhilSys registration centers
State-run Landbank of the Philippines issued a statement on Wednesday clarifying false reports of free financial assistance from…
BAP starts anti-scam info drive
The Bankers Association of the Philippines (BAP) has launched an anti-scam information campaign to promote cybersecurity, cybersafety, and…
OFW remittances will keep rising till year-end
FILIPINO migrant workers are expected to send in more money towards the end of the year, providing more…
Financing institutions’ group honors state-run lender
STATE-run Land Bank of the Philippines (LandBank) was recently awarded the Merit Award for Outstanding Development Project for…
OFWs send home $2.74 billion in September; $23.1 billion in 9 months
FILIPINO migrant workers continued to send more cash back home at the start of the “ber” months as…
EastWest Bank’s January-September net income decline by 14%
EAST West (EW) Banking Corp. reported a 14-percent decline in its net income in the first nine months…
Consumer loans, deposits lift RCBC 9-months income by 33%
RIZAL Commercial Banking Corp. (RCBC) reported a 33-percent rise in its net income in the first nine months…
Good recent devts augur well for BSP rate direction
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Sunday that the recent positive developments in the…
Nonperforming real estate loans at single-digit level
NONperforming real estate loans remained at single-digit level in June this year, the Bangko Sentral ng Pilipinas (BSP)…
GIR grows to $107.95B in end-October–BSP
THE country’s dollar defenses grew in October this year, making up for the slight dip it incurred in…
BSP bullish on PHL trade amid global rebound
THE Bangko Sentral ng Pilipinas (BSP) expressed optimism in the country’s trade performance this year, forecasting goods exports…
Fitch raises growth outlook on Covid dip
INTERNATIONAL think tank Fitch Solutions raised its growth outlook of the Philippines for this year, as Covid-19 cases…
FDI Aug net inflow up 19.8% to $812M
LONG-TERM investments made by foreign investors to the Philippines sustained their growth in August this year, marking the…
Landbank net income hits P16.7B in 9 months
STATE-OWNED Land Bank of the Philippines announced on Wednesday that its net profit grew double digit in the…
BSP joins financial system network’s push for COP26
THE Bangko Sentral ng Pilipinas (BSP) announced on Wednesday that it is joining the Central Banks and Supervisors’…
BSP to stay ‘patient’ in keeping rates steady
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno told reporters on Tuesday that they will “continue to exercise…
BSP warns public vs fake ₧500 bill on social media posts
THE Bangko Sentral ng Pilipinas (BSP) alerted the public on a 500-peso commemorative banknote being broadly shared on…
BSP backs PhilSys-ID use in opening bank account
THE Bangko Sentral ng Pilipinas (BSP) instructed banks and other local financial institutions to accept the Philippine Identification…
Region’s central banks vow green bond investment push
CENTRAL banks in the region vowed to continue promoting green bond investments across the Association of Southeast Asian…
Fintech deal signed by PHL, SG central banks
THE Bangko Sentral ng Pilipinas (BSP) announced on Monday that it has signed an enhanced “FinTech Cooperation Agreement”…
No. of Pinoys with basic deposit accounts up 51% in Q1
THE Bangko Sentral ng Pilipinas (BSP) announced on Monday that the number of Basic Deposit Accounts (BDAs) increased…
Regulators ink pact for streamlining bank MCAs
FINANCIAL regulators in the country are looking to streamline the process of bank mergers, consolidations, and acquisitions (MCA)…
‘No clear signs of 2nd-round effects on prices’
DESPITE elevated inflation and rising prices in key commodities like oil and meat, Bangko Sentral ng Pilipinas (BSP)…
BSP eyes doubling green bonds investment in 2 years
THE Bangko Sentral ng Pilipinas’ (BSP) investment in green financing could double in the next two years, its…
UK-based finance journal fetes Security Bank as ‘trailblazer’ in innovation
SECURITY Bank Corp. was recently awarded a “trailblazer in product innovation” recognition during the 2021 RBI Asia Trailblazer…
Demand boost, eased curbs swell PHL’s PMI
THE country’s manufacturing sector recorded its second consecutive growth month in October, largely on the back of eased…
PHL banks kept resilience in H1–BSP’s assessment
THE Bangko Sentral ng Pilipinas (BSP) said the country’s financial system has “sustained its resilience” in the first…
CIC eyes alternative data to expand credit access
THE country’s public credit registry and repository of credit information called for alternative and non-traditional data to help…
Organized crime found behind fake banknotes
THE Bangko Sentral ng Pilipinas (BSP) announced last Monday that seven enforcement operations it ran in the first…
LandBank cites co-op’s ₧300 million loan’s benefits
LANDBANK of the Philippines announced last Monday it is continuing to fund agriculture initiatives in Misamis Occidental. LandBank’s…
Fresh banknotes won’t run out for X’mas–BSP
Ninongs and ninangs need not worry this Christmas, as the Bangko Sentral ng Pilipinas (BSP) assured the public…
Bank lending picks up growth trend in September
CREDIT activity in the country continued to pick up pace in September, registering the second consecutive month of…