Lee C. Chipongian

She covers the Bangko Sentral ng Pilipinas and the banking beat.

BSP’s unrealized gains total ₱1.2 trillion

Partly because it is a net seller of US dollars in the exchange market, the Bangko Sentral ng Pilipinas (BSP) reported unrealized gains of ₱1.235 trillion as of the end of November 2024, up by 70 percent from same period in 2023 of ₱727.9 billion.

BSP foreign deposits drop 34% in 2024

The Bangko Sentral ng Pilipinas’ (BSP) foreign currency and deposits overseas amounted to $1.457 billion in 2024, lower by 34 percent compared to $2.206 billion in 2023.

 

January hot money outflows total $284 million

The Bangko Sentral ng Pilipinas (BSP) said foreign portfolio investments in January registered a net outflow of $283.69 million, higher than the same period last year of $75.83 million.

 

BSP forecasts 2.2%-3% February inflation

The Bangko Sentral ng Pilipinas (BSP) forecasts the country’s inflation for the month of February may be steady or lower compared to January’s actual 2.9 percent consumer price index.

BSP loans, advances total P89.5 billion

Loans and advances released by the central bank to supervised financial institutions totaled P89.5 billion as of end-November 2024, up by 7.4 percent from same period in 2023 of P83.3 billion.