Philippines’ foreign assets reached $109.082 billion as of end-February, higher than $108.673 billion in January, the Bangko Sentral ng Pilipinas (BSP) reported. The gross international reserves or GIR, which are invested in foreign-issued securities, monetary gold, and foreign exchange, is 11.7...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the inflation rate will reach its peak in the second quarter months of April to June and that so far, there is limited evidence of second-round effects. A vegetable seller tends to a client at Paco Market. A vegetable...
The peso closed lower at ₱48.60 to the US dollar Wednesday, (March 10), from ₱48.48 the previous day. The weighted average rate depreciated to ₱48.564 from ₱48.544. Total volume amounted to $1.015.3 billion, according to the Bankers Association of the Philippines.
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Local share prices rose on continued bargain hunting on the back of gains in the US bourses overnight. Photo credit: PSE Information Desk The main index advanced 41.49 points or 0.61 percent to close at 6,808.32 with only the Financials and Mining and Oil counters retreating. A total of 9.14...
The peso closed higher  at P48.48 to the US dollar Tuesday,  (March 9) from P48.561 the previous day.  The weighted average rate  appreciated  to P48.544   from P48.564.  Total volume amounted  to  $890.25  million, according to the Bankers...
The Bangko Sentral ng Pilipinas (BSP) is currently reviewing its foreign exchange (FX) swap facility in light of the London Inter-Bank Offered Rate (LIBOR) transition and replacement by end-2021 as benchmark reference rate. For three months or from November 2020 to January this year, the BSP...
The Bangko Sentral ng Pilipinas (BSP) is not keen on granting another round of payment moratorium on loans as the banking system may not be able to absorb another round of moratorium on debt payments as banks need time to build up buffers while the economy – on the second year of the COVID-19...
The Bangko Sentral ng Pilipinas (BSP) auction of 28-day BSP bills on Friday fetched a higher yield at 1.8000 percent while still oversubscribed by 1.3 times. “The rise in the BSP bills’ rate can be attributed to market participants’ continued search for yield amid the ongoing issuance of...
The Bangko Sentral ng Pilipinas (BSP) has included households and the community of agrarian reform beneficiaries (ARB) as qualified borrowers for agriculture, fisheries and agrarian reform credit in a new circular. BSP Circular No. 1111 (Amendments to the Rules and Regulations on the Mandatory...
The peso closed  higher  at P48.56  to the US dollar Friday, (March 5)  from P48.62 the previous day. The weighted average rate  depreciated  to P48.599 from P48.573.  Total volume amounted  to  $933.45 million, according to the Bankers Association...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will give extra scrutiny in assessing any emerging long-term inflationary pressures due to the higher oil and some food prices when they deliberate policy settings this month. “The Monetary Board will consider carefully...
