While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
Germany-based Deutsche Bank said a quarter-point rate cut on Thursday would help support Philippine economic activity, following the Bangko Sentral ng Pilipinas’ (BSP) revised forecast that the negative output gap will persist until 2027. “We see the BSP lowering its policy rate by 25 bps...
Housing construction, which sharply slowed in the second quarter and pulled gross domestic product (GDP) growth toward the lower end of the government’s target, will likely recover only if the Bangko Sentral ng Pilipinas (BSP) delivers a jumbo rate cut on Thursday. While the University of Asia...
In a shift from its recent cautious stance, British banking giant HSBC now believes the Bangko Sentral ng Pilipinas (BSP) has the room to quicken and deepen its monetary easing cycle, driven by continued positive developments in the inflation outlook. According to HSBC ASEAN Economist Aris...
Malacañang said the Bangko Sentral ng Pilipinas (BSP) will further intensify anti-money laundering reforms as it welcomed the Philippines ' removal from the European Union’s list of high-risk third world countries. Palace Press Officer and Communications Undersecretary Claire Castro...
“As a policy, we don’t touch online gambling. It’s a prohibited category for us!” This was the clear-cut response from my former colleague in the banking and finance beat, Jay Tirona, now the chief executive officer of NTT DATA Payment Services Philippines. He said this at the launch of...
High borrowing costs and fear of fraud emerged as the top concerns barring Filipinos from credit adoption this year, even as sentiment around credit remained stable, according to the latest survey. “External barriers, led by interest rates and fear of fraud, are the top concerns hindering credit...
Despite a slight decline in revenues, the Bangko Sentral ng Pilipinas’ (BSP) expenses also dropped at a steeper rate, leading to the central bank’s more than double net income in the first three months of the year. Data from the BSP showed that the central bank’s net income jumped by 122.1...
The newly formed alliance of online gaming operators is warning that the recent move by the central bank to cut off easy access to gambling sites via e-wallets could backfire by pushing players into the unregulated black market. The PlaySafe Alliance of the Philippines, comprising 18 online gaming...
While Senator Erwin Tulfo commended the e-wallet firms for complying with the Bangko Sentral ng Pilipinas’ (BSP) 48-hour deadline since August 14 to remove the links of online gambling sites from their mobile applications, he emphasized that the fight against its accessibility is far from over. ...
Cash sent home by Filipinos working and living overseas continued to increase in June on the back of faster inflows from land-based workers, according to the Bangko Sentral ng Pilipinas (BSP). The latest BSP data released on Friday, Aug. 15, showed that overall remittances increased by 3.7 percent...
Our nation’s story perseveres not only through history books but also through the work of countless Filipino artists. While our history paints the horrors of a country colonized many times over, there are pieces of our past that shine through in the form of the arts. Looking through early works...
