The ongoing conflict has created economic shockwaves, leaving the oil supply hanging in the balance and price pressures threatening our collective affordability. Yes Virginia, there’s no stopping inflation from rearing its ugly head. It could stay with us indefinitely depending on the resolution...
As an eternal student of the financial markets, the introduction of new financial products and platforms almost always captivates my interest. Currently, I am fascinated by the acronyms IRS and GMRA. No, Virginia, IRS is not the Internal Revenue Service of the US federal government. In this...
Enthusiasm almost always prevails among members of the Management Association of the Philippines (MAP) during their general membership meetings. Last Wednesday was exceptional, though. The event was packed, with no less than Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona conducting the...
While welcoming the Department of Education’s (DepEd) efforts to explore more flexible loan arrangements for public school teachers, the Alliance of Concerned Teachers (ACT) Philippines on Thursday, February 5, warned that extending loan terms will only worsen educators’ growing debt burden if...
LAOAG CITY – The Bangko Sentral ng Pilipinas (BSP) launched a commemorative coin honoring Ilocos Norte 's "Tan-ok ni Ilocano" festival Monday, coinciding with the province 's 208th founding anniversary. Gov. Cecilia Araneta Marcos and Vice Gov. Matthew Joseph Manotoc led the unveiling...
This year, the Bangko Sentral ng Pilipinas (BSP) took a divergent path for its annual Banking Community cocktails, holding the event at the Courtyard of the Philippine International Convention Center (PICC). The lobby of Manila’s premier event venue was a sight to behold: its marble floors...
Senator Jinggoy Ejercito Estrada has filed a measure seeking to relax some restrictions under the Bank Secrecy Law to allow the Bangko Sentral ng Pilipinas (BSP) to examine bank deposits that could be linked to fraudulent activities. In filing Senate Bill No. 1047, Estrada primarily sought to...
Finance Secretary Frederick D. Go assumed his seat on the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board on Thursday, Jan. 8. Go, who was designated by President Ferdinand Marcos Jr. as the Cabinet representative to the board, was sworn in by BSP Governor Eli Remolona Jr. at the...
The Bangko Sentral ng Pilipinas (BSP) should hold its benchmark interest rate steady despite cooling economy and stable inflation, as further easing risks being perceived as reactive attempt to shore up flagging confidence and currency stability, according to GlobalSource Partners. In a Dec. 22...
The Bangko Sentral ng Pilipinas (BSP) is intensifying its warnings to the public regarding a sophisticated fraudulent activities that misappropriate the central bank’s name, logo, and the signatures of its top officials to legitimize illegal financial schemes. In an advisory released on Tuesday,...
The National Telecommunications Commission (NTC) ordered internet service providers to immediately block access to 50 online trading platforms operating without authorization from the central bank amid crackdown on unregulated financial services. In a statement, the NTC said its directive follows...
The amount of money circulating in the economy expanded significantly, but that increased liquidity failed to prevent the country’s major banks from posting their weakest loan growth in more than a year. Data from the Bangko Sentral ng Pilipinas (BSP) showed that lending by universal and...
