The local stock market bounced back to the 7,000 level as global stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. A hefty 21.86 billion shares worth P18.16 billion changed hands as gainers beat losers 122 to 89 with 54...
The Bangko Sentral ng Pilipinas (BSP) said it is preparing to issue the proposed policy on banks and non-banks’ ethical use of data and to release the intended circular for comments and recommendations soon. The BSP said it is now drafting the policy on Data Governance and Ethical Use of Data for...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
The national government has successfully borrowed P24 billion in the domestic market Monday, Feb. 15 after interest rates declined across the board. At an auction, yield of 91-day Treasury bills (T-bills) averaged at 0.845 percent, slightly lower from last week’s 0.846 percent. The 182-day...
The auction of Bangko Sentral ng Pilipinas (BSP) 28-day securities was slightly undersubscribed at P99.05 billion versus offer of P100 billion while yields increased. “The very slight undersubscription in the 28-day bills auction reflects market participants preference for shorter tenors in...
The pandemic-affected cash remittances fell by 0.8 percent year-on-year to $29.903 billion in 2020 from $30.133 billion which was lower than what the Bangko Sentral ng Pilipinas (BSP) estimated was a two percent contraction for the year. “Despite the global slump due to the pandemic,...
The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. Photo credit: https://www.pse.com.ph The main index dropped 31.8 points or 0.45 percent to close at 6,959.21 with only the Financials and Mining and Oil counters holding their...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they are analyzing and reviewing the currency denominational structure as the country transitions into a cash-lite and non-coin society. “The BSP is currently reviewing the existing currency denominational structure in light of...
Consumer advocacy group Laban Konsyumer Inc. (LKI) said the higher fees in the use of ATM (automated teller machines) will benefit big banks and marginalize the small ones. Photo by Eduardo Soares on Unsplash In a statement, LKI President Victorio Mario Dimagiba questioned and raised concerns on...
Starting on April 7 The Bangko Sentral ng Pilipinas (BSP) said the banking public will only see ATM fee adjustments of P10 to P18 after the first week of April, from P10 to P15 which has been the price for transacting machine withdrawals since 2013. “By April 7, ATM withdrawal fees are expected...
The country’s net foreign direct investment (FDI) inflows fell to $5.792 billion as of end-November 2020, 10.8 percent lower year-on-year from $6.493 billion, the Bangko Sentral ng Pilipinas (BSP) reported. FDIs are equity capital, reinvestment of earnings, and borrowings. BSP’s FDI reporting...
The Bangko Sentral ng Pilipinas (BSP) will fuse its Money Laundering Terrorist/Financing Risk Assessment System (MRAS) to its recently adopted Supervisory Assessment Framework (SAFr) to have more teeth in fighting against illegal or dirty money and fortify financial system stability. BSP Governor...
