In this new world, safety is priority The COVID-19 pandemic and the consequent lockdowns and movement restrictions compelled Filipino consumers to shift from cash to digital payments, and the use of digital platforms for fund transfers, InstaPay, and PESONet has increased tremendously. As of...
Banks’ non-performing loan (NPL) ratio worsened to a 13-year high of 4.49 percent in May versus 4.35 percent in the previous month and from 2.43 percent same time in 2020, based on Bangko Sentral ng Pilipinas (BSP) data. The last time gross NPL ratio was at 4.49 percent was in June 2008 before it...
The peso closed lower at P49.875 to the US dollar Thursday, ( July 8)   from P49.79 the previous day. The weighted average rate depreciated to P49.87 from P49.786. Total volume amounted to $1.127.3 billion according to the Bankers Association of the Philippines.Â
The peso closed lower at P49.79 to the US dollar Wednesday (July 7) from P49.50 the previous day. The weighted average rate depreciated to P49.786 from P49.411. Total volume amounted to $937.9 million according to the Bankers Association of the Philippines. This level was peso’s...
Business groups have thrown support for the private schools which have been hard-hit by the economic impact of the COVID-19 pandemic and are now facing a 150-percent increase in income tax rate. At the recent virtual forum hosted by think tank Stratbase Albert del Rosario Institute, a coordinating...
The peso closed lower at P49.50 to the US dollar Tuesday (July 6) from P49.24 the previous day. The weighted average rate depreciated to P49.411 from P49.229. Total volume amounted to $1.068.28 billion according to the Bankers Association of the Philippines.
The Philippine Red Cross (PRC) on Tuesday, July 6, expressed gratitude to the Bangko Sentral ng Pilipinas (BSP) after receiving a monetary donation worth P15 million. PRC Chairman and Chief Executive Officer (CEO) Senator Richard Gordon (right) thanked BSP Chairman Benjamin Diokno for the P15...
The peso closed lower at P49.24 to the US dollar Monday (July 5)  from P49.20 last Friday. The weighted average rate depreciated to P49.229 from P49.166. Total volume amounted to $1.073.89  billion according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) said it is improving its stress testing exercises to make it more granular to strain each banks’ risks or exposures. The BSP in a report said it could be crucial to have a more granular review and assessment of the COVID-19 pandemic’s impact on individual...
The Bangko Sentral ng Pilipinas (BSP) said it is improving its stress testing exercises to make it more granular to strain each bank’s risks or exposures. The BSP in a report said it could be crucial to have a more granular review and assessment of the COVID-19 pandemic’s impact on individual...
The Bangko Sentral ng Pilipinas (BSP) securities or 28-day BSP bills received P158.20 billion tenders on Friday, about 1.58x oversubscribed against its P100 billion offer. The oversubscription is higher than last week’s 1.36x or P135.3 billion bids. BSP Deputy Governor Francisco G. Dakila Jr....
The Bangko Sentral ng Pilipinas (BSP) has increased to $2.4 billion its multilateral and bilateral borrowing contribution to the International Monetary Fund (IMF) after it has doubled its participation in the New Arrangements to Borrow (NAB), the IMF's credit facility. Based on the BSP report, the...
