A “triple threat” of crude oil prices topping $80 per barrel, Metro Manila’s ₱85 daily wage hike, and severe El Niño conditions could push third-quarter Philippine inflation back to levels seen during the height of the Middle East crisis and prompt the Bangko Sentral ng Pilipinas (BSP) to...
The Bangko Sentral ng Pilipinas (BSP) has increased the maximum transaction limit for InstaPay for Business tenfold—from ₱50,000 to ₱500,000—a move expected to streamline commercial transfers across the country. The cap increase is part of a suite of new digital payment services launched on...
Philippine entities have until the end of September this year to submit their foreign borrowing plans for the fourth quarter, the Bangko Sentral ng Pilipinas (BSP) reminded. “Submission is required for resident entities planning to obtain medium- and long-term foreign loans or borrowings from...
The Bangko Sentral ng Pilipinas (BSP) cautioned the public against transacting with Bangko Maharlika Ltd., an entity currently operating under the name “The Bank of Humanity,” stating that the firm lacks the legal authority to conduct financial services in the country. In an advisory issued...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Philippine peso’s recent fall to its weakest level on record was “misleading,” citing the tremendous strength of the United States (US) dollar against major currencies. Last Friday, July 24, the peso sank to a fresh...
The central bank has warned the public against fraudulent online schemes that illegally use the identity of Monetary Board Member Benjamin E. Diokno to solicit donations for fake charitable causes. The Bangko Sentral ng Pilipinas (BSP) reported that unauthorized individuals and syndicates have...
Philippine banks generated record earnings in the first half of the year as robust lending margins cushioned the sector against rising credit loss provisions and persistent market volatility. Data from the Bangko Sentral ng Pilipinas (BSP) showed that net income across the banking system rose 5.2...
Philippine banks’ bad-loan ratio fell to 3.29 percent at the end of June 2026, dropping to its lowest level in six months and rebounding from a peak recorded in May, supported by resilient economic activity and cooling inflationary pressures. Data released by the Bangko Sentral ng Pilipinas (BSP)...
The Bangko Sentral ng Pilipinas (BSP) has appointed veteran private sector banker Dino R. Gasmen as assistant governor for financial markets, placing an experienced commercial treasury chief in charge of the country’s foreign exchange policy, open market operations, and official international...
Senator Mark Villar on Friday, July 24, welcomed the early gains of the Anti-Financial Account Scamming Act (AFASA), saying the law is now delivering concrete results in the country 's campaign against online financial crimes. Citing data from the Bangko Sentral ng Pilipinas (BSP), Villar...
MariBank Philippines Inc. has officially secured a digital banking license from the Bangko Sentral ng Pilipinas (BSP), replacing the rural banking license under which it previously operated. The license upgrade was formalized through Circular Letter No. 2026-035, under which the Monetary Board (MB)...
Victims of certain unauthorized digital transactions in the country could soon see their money returned, as banks and e-wallet providers face new potential obligations to reimburse account holders following the expiration of the fraud-prevention deadlines. One year since the Anti-Financial Account...
