Debt service burden down 8% The Philippines will continue to have a strong debt sustainability position and will remain comfortably way below what the Bangko Sentral ng Pilipinas (BSP) considers a danger threshold even as the country borrow more from foreign sources to fund COVID-19 vaccine...
The Bangko Sentral ng Pilipinas (BSP) is proposing a reporting governance framework for the operators of payment systems (OPS). In a draft circular, Regulatory Reporting Standards for Operators of Payment System, the BSP said OPS should have “relevant,...
Banks’ foreign currency deposit unit (FCDU) loans declined to $17.3 billion as of end-September, down by 3.9 percent from the previous quarter’s $18 billion. On a year-on-year basis, FCDU loans fell by 3.1 percent from $17.8 billion, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno...
The branches of foreign banks in the Philippines can continue to use twice the level of net worth for its single borrower’s limit (SBL) until end-2021 as part of the Bangko Sentral ng Pilipinas’s (BSP) regulatory relief measures. BSP Governor Benjamin E. Diokno (Bloomberg file) BSP Governor...
The Bangko Sentral ng Pilipinas (BSP) said the December inflation could be a low of 2.9 percent from November’s high of 3.3 percent, or it could move up more to 3.7 percent due to higher prices of some food. “Higher prices of domestic petroleum products and key agricultural items...
Year-Ender Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) The Bangko Sentral ng Pilipinas’ (BSP) nearly P2 trillion liquidity injection in the pandemic-hit financial system did what it’s supposed to do prop up confidence in the market amid the recession and uncertainty...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
The central bank said Tuesday that the country’s external exposure has improved in the second quarter this year, it’s down to P670.5 billion compared to P1.8 trillion same period in 2019. The Bangko Sentral ng Pilipinas (BSP) said in a statement that the net external liability position...
The peso  closed  higher at P48.023  to the US dollar on Tuesday   the last trading day of the year  from P48.055 the previous day.  The weighted average rate appreciated  to P48.021 from P48.036.  Total volume amounted  to...
The Bangko Sentral ng Pilipinas (BSP) said $3.716 billion foreign portfolio net outflows for the first 11 months of the year were registered, 135.33 percent more withdrawals than what was reported same time in 2019 of $1.579 billion. For the month of November only, foreign portfolio investments or...
The Philippines’ balance of payments (BOP) surplus rose to $11.786 billion as of end-November, the Bangko Sentral ng Pilipinas (BSP) announced Monday. The BSP also reported the final gross international reserves (GIR) of $104.82 billion as of end-November. Photographer: Paul Yeung/Bloomberg file...
The government will continue to explore the issuance of securities indexed to inflation and the gross domestic product (GDP) to amplify economic growth and ensure liquidity. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said index-linked bonds – these are securities indexed to...
