After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
Senate Majority Leader Joel Villanueva has called on the Bangko Sentral ng Pilipinas (BSP) to intensify its regulatory efforts against online lending applications, which have been linked to the growing incidence of cybercrimes and the rise of online gambling in the country. In a recent statement,...
Alas Women showed off a glimpse of a promising future but eventually yielded to the volleyball queens of Southeast Asia. The Nationals went off to a strong start before losing their momentum and bowed to reigning champion and host Thailand, 25-17, 24-26, 20-25, 20-25, on the opening day of the 5th...
With rice prices still seen to have dropped further recently, the central bank has forecast that increases in consumer prices likely slowed even more in July, following the five-and-a-half-year lows of 1.4 percent in June and 1.3 percent in May. As such, private-sector economists said that the...
Alas Pilipinas faces a stern test when it battles regional powerhouse and host Thailand on the opening day of the 2025 Southeast Asia (SEA) Women’s V.League Leg 1 in Nakhon Ratchasima Friday, Aug. 1. Almost four weeks since their last international stint that ended in a fourth-place finish in VTV...
Lower interest rates would spur a faster Philippine economic expansion next year, according to the Washington-based multilateral lender International Monetary Fund (IMF). Referring to its latest forecasts for the Philippines contained in the recently published July 2025 World Economic Outlook (WEO)...
Banks are set to move away from serving only clients of their affiliated insurers, as the Bangko Sentral ng Pilipinas (BSP) is rolling out amended bancassurance guidelines that will allow third-party insurers to sell their products to banks’ customers. “A draft circular amending the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. indicated that the central bank is considering another 25-basis-point (bps) reduction in its key interest rate as early as August. “A further reduction in the key interest rate is 'on the table’,” Remolona told reporters on...
Larga Pilipinas was tentatively rescheduled to November after recent typhoons and the effects southwest monsoon caused heavy damage in the mountain routes of the six-stage race. After a seven-year wait, fans and competitors might have to wait a little longer as the "Race to the Northern Alps"...
Thrift, rural, or cooperative banks under the Tier 3 category—at least 75 percent of clients, funds, or transactions are handled digitally—may be ordered by the Bangko Sentral ng Pilipinas (BSP) to convert into digital banks (DBs), as the central bank also moves to raise the minimum capital...
Bella Belen and Angel Canino are set to don the tricolors anew as they rejoin Alas Pilipinas for the first leg of the 2025 Southeast Asia (SEA) Women’s V.League in Nakhon Ratchasima, Thailand on Friday, Aug. 1. In an official release of the 16-women roster, which consists of professional and...
Alas Pilipinas seeks improvement as the team plunges into action in the 2025 Southeast Asia (SEA) Women’s V.League in Nakhon Ratchasima, Thailand starting Friday, Aug. 1. The Nationals recently held a practice where the likes of Bella Belen, Thea Gagate, libero Jen Nierva, and setter Mars Alba...
