Lee C. Chipongian
AMRO: Philippines to weather trade tensions, grow 6.3% in 2025
January 21, 2025 6:10 am
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised its Philippine growth forecast for 2024 to 5.8 percent versus its previous estimate of 6.1 percent while retaining its 6.3 percent projection for 2025.
BSP issues guidelines for merchant payment application
January 20, 2025 7:14 am
The Bangko Sentral ng Pilipinas (BSP) has approved the rules for the electronic application of merchant acquisition licenses (MAL) for operators of payment systems (OPS).
Philippines' external debt servicing jumps nearly 20%
January 19, 2025 9:36 pm
The country’s servicing of external debt increased by 19.84 percent to $14.475 billion as of the end of October 2024 compared to $12.078 billion same period in 2023 due to prepayments or repayments of public and private sector’s foreign obligations.
BSP amends trust entities’ access to BSP bills
January 17, 2025 7:54 am
The Bangko Sentral ng Pilipinas (BSP) has amended trust entities’ access to its securities facility to include investment management accounts (IMA) not just unit investment trust funds (UITFs) to absorb more liquidity from the financial system.
Banks’ assets hit P26.7 trillion end-November
January 16, 2025 7:53 am
The total assets of the domestic banking system expanded by 9.68 percent to P26.733 trillion for the first 11 months of 2024 compared to P24.373 trillion of the previous year, according to Bangko Sentral ng Pilipinas (BSP) data.