Lee C. Chipongian
DBP bolsters commitment to sustainable financing, green practices
November 21, 2024 8:49 am
Government-owned Development Bank of the Philippines (DBP) will continue to craft financing programs that focuses on the development and growth of the country’s climate-friendly and sustainability efforts such as funding renewable energy (RE) projects and to promote green practices, according to its chief sustainability official.
BSP to expand banks’ cross-selling of financial products
November 21, 2024 8:02 am
The Bangko Sentral ng Pilipinas (BSP) is amending its regulations governing banks’ cross-selling guidelines by expanding the scope of an allied undertaking – or part of a financial conglomerate -- to transact cross-selling.
BOP posts lower surplus of $4.4 billion end-October
November 20, 2024 4:25 am
Philippines’ balance of payments (BOP) remained in surplus position as of end-October at $4.393 billion although lower compared to end-September’s $5.117 billion after the government settled its maturing foreign debts during the period.
Banks actively managing FX – BSP
November 19, 2024 7:13 am
The local big banks’ management of its foreign exchange (FX) exposures continue to be adequate, based on metrics the Bangko Sentral ng Pilipinas (BSP) uses to measure financial soundness as far as banks’ FX overbought position is concerned.
BSP to adopt global repo contracts to expand market, boost liquidity
November 18, 2024 6:13 am
The Bangko Sentral ng Pilipinas (BSP) is currently working on adopting the Global Master Repurchase Agreement (GMRA) contracts to enable Philippine banks to transact more repo deals, part of capital market reforms after the live implementation of the peso interest rate swaps (PESO IRS) on Monday, Nov. 18.