The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines for the Open Finance Framework, touted as the “key enabler for digital transformation and financial inclusion” in the country. “Open Finance is definitely not a sprint but a marathon,” BSP Governor Benjamin E. Diokno said...
The Bangko Sentral ng Pilipinas (BSP) is conducting a corporate income monitoring survey to help in its review of the private sector’s capacity to pay debts – among other financial issues – and to also assess the magnitude and extent of the pandemic’s impact in the corporate sector. “It...
The auction of Bangko Sentral ng Pilipinas (BSP) 28-day securities continued to be oversubscribed with a rising yield, according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP offered P100 billion BSP bills last Friday, and it received P140.53 billion tenders. The bids were lower compared...
The Bangko Sentral ng Pilipinas (BSP) is expecting a bigger balance of payments (BOP) surplus of $7.1 billion in 2021 compared to its previous projection (March) of $6.2 billion. The 2022 BOP surplus estimate is however revised lower to $2.7 billion versus previous forecast of $3.8 billion. The...
The peso closed lower at P48.38 to the US dollar Thursday, (June 17)   from P48.09 the previous day. The weighted average rate depreciated to P48.368 from P48.128. Total volume amounted to $1.788.65 billion according to the Bankers Association of the Philippines.
Improvements in trading gains, fees and other operating income pulled the Bangko Sentral ng Pilipinas (BSP) net income higher by 442 percent in the first two months of the year to P24.62 billion versus P4.54 billion same time in 2020. Based on its latest statement of income and expense, the BSP’s...
The peso closed lower at P48.09 to the US dollar Wednesday, (June 16) from P48.03 the previous day. The weighted average rate depreciated to P48.128 from P47.962. Total volume amounted to $1.151.4 billion according to the Bankers Association of the Philippines.
The peso closed lower at P48.03 to the US dollar Tuesday, (June 15) from P47.89 the previous day. The weighted average rate depreciated to P47.962 from P47.829. Total volume amounted to $1.158.8 billion according to the Bankers Association of the Philippines.
The peso closed lower at P47.89 to the US dollar Monday, (June 14)  from P47.70 last Friday. The weighted average rate depreciated to P47.829 from P47.711. Total volume amounted to $1.001.9 billion according to the Bankers Association of the Philippines.
Buck adverse pandemic impact Banks’ trust units continue to resist the adverse effects of the pandemic with asset holdings of P3.461 trillion as of end-March this year, 23.60 percent higher than same period last year of P2.80 trillion. Trust operations remain profitable, said the...
The country’s big banks have so far issued $2.78 billion worth of green, social and sustainability bonds, broken down as $1 billion sustainability bonds and P84.5 billion ($1.78 billion) peso-denominated green bonds. These green bonds were issued by so-called “first mover” banks since 2017,...
The central bank’s auction of 28-day Bangko Sentral ng Pilipinas (BSP) securities received more bids last Friday resulting to a 1.63x oversubscription, according to BSP Deputy Governor Francisco G. Dakila Jr. “The BSP continued to offer P100 billion in the 28-day bill auction which was...
