The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
The Philippines’ investment-grade rating remains intact—holding a notch above the minimum investment grade by Fitch (BBB with a negative outlook) and two notches above the minimum by S&P Global (BBB+ with a stable outlook) and Moody’s (Baa2 with a stable outlook). However, former Bangko...
Yuchengco-led Rizal Commercial Banking Corp.’s (RCBC) executive called for an overhaul of regulatory frameworks across Asia, urging authorities to move from static oversight to an active partnership model to accelerate digital financial inclusion. Speaking at the Money20/20 Asia conference in...
The Bangko Sentral ng Pilipinas (BSP) stated that its governor will respond to a legal complaint once he receives an official copy of the documents, as the country’s monetary authority seeks to maintain focus on its regulatory mandate. In a statement on Monday, April 27, the central bank said BSP...
The Bangko Sentral ng Pilipinas (BSP) is poised to extend its tightening cycle as foreign lenders believe that the central bank will prioritize anchoring inflation expectations over mounting risks to economic growth. Following the Monetary Board’s decision last week to raise the benchmark...
Philippine business sentiment collapsed into pessimistic territory in the first quarter as escalating Middle East tensions fueled fears of an energy price shock, according to the latest central bank data. According to the latest Business Expectations Survey (BES) released by the Bangko Sentral ng...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. remains upbeat that the Philippines can clinch a coveted ‘A’ credit rating within the Marcos administration’s term, provided external pressures subside. “That’s still possible,” Remolona told reporters last week when asked...
The Bangko Sentral ng Pilipinas (BSP) signaled a more aggressive path for monetary policy, with the central bank chief indicating readiness to deliver “as many hikes as necessary” to curb domestic price pressures resulting from global oil supply shocks. Following the central bank’s first...
The regulatory relief recently announced by monetary authorities is essential; it stabilizes borrowers’ loan repayment schedules and prevents a sharp uptick in banks ' non-performing loans (NPLs). This regulatory respite is a necessary support mechanism that helps stabilize banks’ balance...
The Bangko Sentral ng Pilipinas (BSP) signaled a shift toward a tightening cycle, with the central bank chief indicating that the recent quarter-point increase in the benchmark borrowing rate is likely the first of several gradual moves to tame resurgent price pressures. BSP Governor Eli M....
The Bangko Sentral ng Pilipinas (BSP) raised its benchmark interest rate by 25 basis points (bps) to 4.5 percent on Thursday, April 23, a preemptive move intended to anchor inflation expectations as escalating Middle East tensions threaten to push domestic prices beyond the government’s target...
