The Philippines ' net external liabilities surged by nearly six percent in the first quarter of the year, as the growth of the country 's foreign financial obligations outpaced the expansion of its overseas investments. According to the Bangko Sentral ng Pilipinas (BSP), the increase in...
Citing elevated oil prices and the recent depreciation streak of the Philippine peso, the Bangko Sentral ng Pilipinas (BSP) raised its inflation forecast for June, with the upper band at nearly two percent. According to the BSP’s statement, released on Monday, June 30, consumer price increases...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
After swinging to a $3-billion deficit in the first quarter, the Philippines’ balance of payments (BOP) is projected to more than double at $6.3 in the second quarter of the year, marking its widest shortfall in more than four years since the $9.14 billion posted in the last quarter of 2020, the...
United States-imposed (US) reciprocal tariffs, a three-month pause of which is concluding 10 days from now, caused a decline in the confidence index of businesses in the second quarter of the year, while Filipino consumers’ confidence was deeply hurt by the insufficient income and fewer jobs...
Prices for housing units in the Philippines rose at a much slower pace in the first three months of the year, although costs in Metro Manila posted a double-digit surge. Data from the Bangko Sentral ng Pilipinas (BSP) showed on Friday, June 27, that the nationwide Residential Property Price Index...
Exactly 34 days from now, a change in the stewardship of the Bangko Sentral ng Pilipinas ' (BSP) Financial Supervision Sector (FSS) is upon us, as its current head reaches the mandatory retirement age. It feels like just yesterday she walked into the corridors of what was then known as the...
Downward inflation across the region would allow Asian central banks, including the Bangko Sentral ng Pilipinas (BSP), to cut interest rates further until year-end, according to the think tank Oxford Economics. “Inflation in Asia is approaching or has already fallen below the lower bound of...
Philippine economic growth would likely further slow in the next two years to remain below the government’s more ambitious annual targets amid a global deceleration fueled by trade and geopolitical tensions, according to the Washington-based Institute of International Finance (IIF). A June 25...
The Bangko Sentral ng Pilipinas (BSP) is calling for targeted anti-counterfeiting campaigns in shopping malls, supermarkets, and wet markets after these locations emerged as the main sources of fake banknotes and coins recovered last year. Data from the 2024 BSP annual report published in June...
The Economist Intelligence Unit (EIU) still expects jumbo interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) for the rest of 2025 as monetary authorities are seen prolonging the easing cycle. “We expect the BSP to continue cutting rates at each of its remaining meetings this year in...
A bill supported by United States (US) President Donald Trump, currently pending approval in the US Senate, would likely only minimally reduce remittances to the Philippines as more Filipinos who used to work overseas have returned home, according to Deutsche Bank Research. In a June 20 report,...
