Borrowers will now have more time to settle salary-based consumption loans after the Bangko Sentral ng Pilipinas (BSP) increased the maximum repayment term to seven years from three years previously. In a statement on June 19, the BSP announced that it has updated regulations for salary-based...
The Bangko Sentral ng Pilipinas (BSP) has authorized banks to operate within digital marketplaces and platforms, allowing lenders to sell both proprietary and third-party products to expand their domestic reach, while explicitly prohibiting gambling-related services to protect consumers. These new...
Persistent price pressures are expected to keep the Bangko Sentral ng Pilipinas (BSP) on alert, but foreign observers are now urging a more dovish stance, including a potential year-long pause, following the central bank 's “restrained” rate hike to 4.75 percent. British banking giant...
The significant de-escalation of geopolitical tension with the signing of the peace agreement between the United States (US) and Iran will certainly improve market sentiment and lessen global uncertainty. This relative calm in geopolitical volatility has stabilized energy prices, with crude oil...
The Bangko Sentral ng Pilipinas (BSP) has lifted its five-year freeze on digital transfer fees, allowing lenders to adjust pricing for the country’s primary electronic fund channels. According to Memorandum No. M-2026-025, the Monetary Board (MB) approved “the lifting of the moratorium on...
President Marcos’ chief economic manager has raised concerns over the country’s high digital transaction costs, pushing for reforms that would align fees across public and private payment channels and slash charges from their current levels. Speaking during a media roundtable, Finance Secretary...
Citing sustained price pressures, the Bangko Sentral ng Pilipinas (BSP) raised its key borrowing rate by 25 basis points to 4.75 percent from 4.5 percent, marking the monetary authority’s second consecutive benchmark hike. This hawkish move signals that despite a slight dip in recent headline...
The Bangko Sentral ng Pilipinas (BSP) will look into the recent digital banking outage of the Bank of the Philippine Islands ' (BPI), and will impose accountability. What Happened BPI first flagged trouble with its systems through an advisory issued Sunday afternoon, June 14, warning customers...
The Bangko Sentral ng Pilipinas (BSP) tightened its vetting procedures for top financial executives, ordering institutions to gather more granular personal data and secure explicit privacy waivers to weed out unqualified candidates from the banking system. Outlined in Circular No. 1236, the...
Frankfurt-based Deutsche Bank AG has called for a jumbo 50-basis-point (bp) interest rate hike on Thursday, arguing that a larger increase would tackle growing price pressures head-on and avoid the need for more drastic tightening later. In a June 12 commentary, Deutsche Bank wrote that the Bangko...
Philippine bond yields posted one of the largest increases in emerging East Asia in recent months as the war in the Middle East fueled inflation, prompted tighter monetary policy, and heightened investor concerns over the country’s economic vulnerabilities, according to the Asian Development Bank...
De La Salle University (DLSU) economists have lowered their 2026 economic growth forecast anew, warning that mounting global and domestic shocks could leave the Philippine economy posting its slowest post-pandemic expansion this year. In their latest report on the Philippine economy for June 2026...
