The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
The Philippine stock market fell as foreign funds continue to flow out. The main index dropped 94.46 points or 1.32 percent to close at 7,045.83 with only the Industrial and Mining & Oil counters advancing. Volume dipped to 135 billion shares worth P11.39 billion with loaers edging out gainers...
Following a minor head injury-related surgery last weekend, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday said he expects to be back in the BSP Malate headquarters by Monday, January 25, after some time off to rest. “I expect to report for work on Monday and preside...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno who had surgery on Sunday to remove a blood clot from a head injury, has been discharged from St. Lukes Medical Center on Wednesday. A source close to Diokno said he is “up and about” and is expected to return to work next week....
Year-Ender Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) The Bangko Sentral ng Pilipinas’ (BSP) nearly P2 trillion liquidity injection in the pandemic-hit financial system did what it’s supposed to do prop up confidence in the market amid the recession and uncertainty...
The government will continue to explore the issuance of securities indexed to inflation and the gross domestic product (GDP) to amplify economic growth and ensure liquidity. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said index-linked bonds – these are securities indexed to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they are reviewing the issuance of GDP-linked bonds as new instrument to mobilize banks’ liquidity. Diokno said GDP-linked bonds could be used to expand or rearrange the distribution of liquidity circulating in the banking system...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno reiterated Friday that the peso vis-à-vis the US dollar will continue to be “supported by fundamentals” in the “long run”. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) And, he said that “over the...
Inflation forecasts raised The Bangko Sentral ng Pilipinas (BSP) has decided to stick with the two percent benchmark rate to end 2020 but raised the inflation forecasts due to the increase in crude oil prices as prospects for global economic recovery got a boost from the release of COVID-19...
The World Bank has approved two loans to the Philippines to support the country's recovery efforts from the coronavirus pandemic, improve competitiveness, as well as build resilience against shocks and natural disasters. In a statement, the Washington-based lender, said it approved $900 million...
With increased online transactions due to the holidays, the Bangko Sentral ng Pilipinas (BSP) is reminding banks to remain vigilant against cyber attacks, specifically phishing or the fraudulent acquisition of sensitive data or information. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The Bangko Sentral ng Pilipinas (BSP) is proposing the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework. BSP Governor Benjamin E. Diokno ( Bloomberg file photo) Based on the draft circular on open finance,...
