Derco Rosal

Peso plunges to 59 vs US dollar, hitting two-year low

The peso has weakened against the US dollar for the third consecutive trading day, closing at P59 on Thursday, Nov. 21, marking its lowest value in two years.

6 in 10 working Filipino children suffer labor abuse

The proportion of child laborers in the country increased significantly in 2023, with more than half of working Filipino children engaged in hazardous or excessive work, data from the Philippine Statistics Authority (PSA) showed.

BSP targets institutions operating as digital banks without proper licenses

Mactan, Cebu — Digicentric financial institutions operating like digital banks should be regulated the same way to address market arbitrage, a Bangko Sentral ng Pilipinas (BSP) official said.

BSP may pause rate cuts if inflationary pressure persists

Mactan, Cebu — The Bangko Sentral ng Pilipinas (BSP) may keep borrowing costs steady if inflationary pressures continue and economic growth remains sluggish in the final quarter of the year, the central bank chief said.

BSP to strengthen e-wallet regulations following GCash glitch

Mactan, Cebu — Following the GCash incident, a Bangko Sentral ng Pilipinas (BSP) official stated that the central bank would strengthen its policies if the investigation revealed that the e-wallet platform was at fault for the unauthorized account deductions.