Borrowers will now have more time to settle salary-based consumption loans after the Bangko Sentral ng Pilipinas (BSP) increased the maximum repayment term to seven years from three years previously. In a statement on June 19, the BSP announced that it has updated regulations for salary-based...
The Bangko Sentral ng Pilipinas (BSP) has authorized banks to operate within digital marketplaces and platforms, allowing lenders to sell both proprietary and third-party products to expand their domestic reach, while explicitly prohibiting gambling-related services to protect consumers. These new...
Scottie Thompson is skipping the July window of the 2026 FIBA World Cup Asian qualifiers due to injuries with Converge guard Juan Gomez de Liaño set to take his spot, the Samahang Basketbol ng Pilipinas announced on Friday, June 19. Thompson was initially part of the 12-man roster released by the...
Gilas Pilipinas is hoping to make the most of the limited time it has to prepare for its pair of road games against New Zealand and Australia in the third window of the 2027 FIBA World Cup Asian qualifiers. Fresh from steering Barangay Ginebra through a grueling seven-game series to claim the PBA...
Persistent price pressures are expected to keep the Bangko Sentral ng Pilipinas (BSP) on alert, but foreign observers are now urging a more dovish stance, including a potential year-long pause, following the central bank 's “restrained” rate hike to 4.75 percent. British banking giant...
The significant de-escalation of geopolitical tension with the signing of the peace agreement between the United States (US) and Iran will certainly improve market sentiment and lessen global uncertainty. This relative calm in geopolitical volatility has stabilized energy prices, with crude oil...
The Bangko Sentral ng Pilipinas (BSP) has lifted its five-year freeze on digital transfer fees, allowing lenders to adjust pricing for the country’s primary electronic fund channels. According to Memorandum No. M-2026-025, the Monetary Board (MB) approved “the lifting of the moratorium on...
President Marcos’ chief economic manager has raised concerns over the country’s high digital transaction costs, pushing for reforms that would align fees across public and private payment channels and slash charges from their current levels. Speaking during a media roundtable, Finance Secretary...
Citing sustained price pressures, the Bangko Sentral ng Pilipinas (BSP) raised its key borrowing rate by 25 basis points to 4.75 percent from 4.5 percent, marking the monetary authority’s second consecutive benchmark hike. This hawkish move signals that despite a slight dip in recent headline...
RJ Abarrientos, Troy Rosario, Justine Baltazar and Mike Phillips are named to the Gilas Pilipinas final roster for the pair of road games in the third window of the 2027 FIBA World Cup Asian Qualifiers. The Samahang Basketbol ng Pilipinas made the announcement on Thursday, June 18, with Justin...
The Bangko Sentral ng Pilipinas (BSP) tightened its vetting procedures for top financial executives, ordering institutions to gather more granular personal data and secure explicit privacy waivers to weed out unqualified candidates from the banking system. Outlined in Circular No. 1236, the...
The naturalization bid of Bennie Boatwright was approved on third and final reading during the Senate special session on Wednesday, June 17, putting him on track to join Gilas Pilipinas in time for its Asian Games title defense. The Senate voted 13-0 to give green light to the House Bill No. 6639...
