Injured Barangay Ginebra forward Jamie Malonzo seemed to be nearing his return after getting activated to the Kings’ lineup ahead of their clash against the San Miguel Beermen – a development that should also be a welcome news to Gilas Pilipinas. Malonzo, who went down with a calf injury and...
The expansion of the Philippines’ total debt from foreign creditors continued outpacing the growth of its total foreign assets during the third quarter of 2024, according to the central bank. Data on the country’s net international investment position (IIP) revealed that the net liability...
Banks’ outstanding foreign currency deposit unit (FCDU) loans rose by 0.7 percent as of end-September, an increase of $114 million from the second-quarter level of $15.63 billion as disbursements exceeded principal repayments, the central bank said. According to the Bangko Sentral ng...
The country’s residential property prices posted a 2.3 percent year-on-year drop in the third quarter of 2024, marking the first decline since the pandemic began, the Bangko Sentral ng Pilipinas (BSP) reported. Data from the central bank revealed that residential property prices also fell by 1.6...
After pulling out of the Philippines in October, foreign investors came back in November, putting money into the country's stock market and government bonds, data from the Bangko Sentral ng Pilipinas (BSP) showed. Foreign portfolio investments registered with the central bank reached $96.59 million...
The Philippines saw its overall financial position in relation to the rest of the world improve in the second quarter of the year, the Bangko Sentral ng Pilipinas (BSP) reported. The country’s net external liability position improved from April to June 2024, decreasing by 3.6 percent to P2.9...
Despite potential price increases in some sectors, the Bangko Sentral ng Pilipinas (BSP) anticipates that the rate of increase in consumer prices will remain controlled and within the desired range this month. In a statement on Friday, Dec. 27, the central bank projected that December 2024...
The Bangko Sentral ng Pilipinas (BSP) is touting the success of its polymer banknotes, highlighting their significantly lower counterfeit rates in addition to environmental and practical benefits. In a statement on Thursday, Dec. 26, the BSP said that one of the key findings following the launch of...
For the fourth time this year, the live reporting of banks' expanded Comprehensive Credit and Equity Exposures Report (COCREE) has been delayed, and pilot testing suspended, due to unspecified system issues. Based on BSP Memorandum No. M-2024-043 issued on December 19th, which detailed the updated...
The Philippine central bank’s third consecutive interest rate cut this year has prompted private sector economists to anticipate continued easing, citing sluggish economic growth and subdued inflation. On Dec. 19, the Monetary Board (MB) reduced the key borrowing cost by 25 basis points (bps),...
Senate Minority Leader Aquilino "Koko" Pimentel III is set to conduct a Senate inquiry in order to ask the Bangko Sentral ng Pilipinas (BSP) what caused the removal of national heroes from the design of new polymer banknotes. In a radio interview on DWIZ, Pimentel said that for the longest time,...
Christmas to me is riding a bike around the CCP complex when it was quieter and most of the streets were off limits to motorists. I would bike as fast as I could, challenging gravity, while singing “God Rest Ye Merry Gentlemen” faster and faster until I could go no faster on the bike, let alone...
