The controversy surrounding Bangko Sentral ng Pilipinas' (BSP) decision to terminate its contract with its current card supplier for the issuance of the National IDs has now caught the eye of the Senate, with a probe looming on the horizon. It has crossed Senate Minority Leader Aquilino "Koko"...
While warning that the country braces for energy transition that will be expensive, Energy Secretary Raphael P.M. Lotilla has appealed to banks and other financial institutions for longer tenor on loans that will be funneled to power projects across technologies as a way to soften cost impact on...
The Philippine Statistics Authority (PSA) said it is taking necessary measures to ensure the uninterrupted issuance of National IDs following the Bangko Sentral ng Pilipinas' (BSP) decision to terminate its contract with the current card supplier. In a statement on Thursday, Aug. 29, PSA...
President Marcos has lauded the Bangko Sentral ng Pilipinas (BSP) for its service to the Filipino people, especially in paving the way for the Philippines to have better infrastructure, healthcare, and education. 75 YEARS — President Ferdinand 'Bongbong' Marcos Jr. congratulates Bangko Sentral ng...
While the green halo of renewables is highly regarded as the planet’s ultimate shield against climate change risks, the flourishing ‘silent infiltration’ of terrorist financing in many energy markets around the world is a ‘dark undercurrent’ that Philippine financial regulators will be...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has been awarded an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards, marking him as one of the top central bank governors in world. In a statement on Monday, Aug. 26, the BSP announced that...
German financial services giant Deutsche Bank said that investment growth in the Philippines will likely remain constrained in the near term despite the upcoming easing of the central bank’s restrictive policies. In its Asia Macro Insights report published on Monday, Aug. 26, Deutsche Bank...
The Philippines through the Bangko Sentral ng Pilipinas (BSP) which is a member of the International Monetary Fund (IMF) in its own right, has renewed an estimated $750 million (special drawing rights or SDR540 million) commitment under the IMF’s Financial Transactions Plan (FTP) from August 2024...
The Bangko Sentral ng Pilipinas (BSP) and the National Bank of Cambodia (NBC) agreed to fortify its cooperation and forge stronger bilateral ties in the areas of cybersecurity, payment systems, and digital innovation. In a ceremony held on 19 August 2024 in Siem Reap, Cambodia, Eli M. Remolona,...
As expected, the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board has decided to reduce its target reverse repurchase (RRP) or policy rate by 25 basis points (bps) to 6.25 percent. The last time the BSP cut the benchmark rate was on Nov. 19, 2020, also by 25 bps from 2.25 percent to two percent....
Finance Secretary Ralph G. Recto stated on Wednesday, Aug. 7, that while the reduction of borrowing costs may still take place within the year, it is likely to happen later than August. During a press briefing at the Kapihan sa Manila Bay, Recto said that the decision to cut key policy rates by...
The Philippine financial markets ground to a halt Wednesday, July 24, as Malacañang suspended operations in government offices due to Typhoon Carina and the southwest monsoon. In the early morning of Wednesday, the Philippine Stock Exchange (PSE) announced a trading suspension, while the Bangko...
