Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. warned that rising global oil prices and the peso’s depreciation streak could push inflation above five percent, a level last seen nearly two years ago. “We do scenario analysis today [Friday] in which we focus on particular risks....
While the Bangko Sentral ng Pilipinas (BSP) sees no need just yet to defend the Philippine peso amid global oil price risks, the plunging local currency may push monetary authorities into more cautious policy easing moving forward, economists said. Japanese financial giant MUFG Bank Ltd. said that...
The University of the Philippines (UP) has reaffirmed its commitment to advancing reforms in the Philippine justice system with the launch of the National Forensics Institute (NFI). During the launch on June 18 at UP Manila, UP President Angelo Jimenez described the initiative as a “national...
The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
While several digital banks are interested in securing banking licenses from the Bangko Sentral ng Pilipinas (BSP), only one foreign digital bank has formally submitted an application, offering to plug the credit scoring and other gaps in existing entities. BSP Deputy Governor Chuchi G. Fonacier...
The Philippine peso has depreciated the most among regional currencies against the safe haven United States (US) dollar so far since Israel attacked Iran and heightened global oil price risks. A June 18 report by Japanese financial giant MUFG Bank Ltd. showed that since June 13, the peso weakened...
Emphasizing that lasting reforms can only be achieved through shared commitment and collective responsibility, the Department of Education (DepEd) on Tuesday, June 17, underscored the importance of collaboration among various government agencies to address long-standing challenges in the education...
Coach Jorge Souza de Brito aims to keep the current Alas Pilipinas Women roster when it competes in the 33rd Southeast Asian Games in Thailand this December. Coming off from a breakthrough silver-medal finish in the 2025 AVC Women 's Volleyball Nations Cup in Vietnam, De Brito sees no reason...
Aside from strengthening governance to build investors’ confidence in developing countries like the Philippines, the Washington-based World Bank Group (WBG), the world’s largest development bank, said these economies should also increase job opportunities for women as local branches of foreign...
Cash sent home by Filipinos working and living overseas continued to increase in April, Bangko Sentral ng Pilipinas (BSP) data showed, reflecting stable global employment abroad. Money sent in by overseas Filipinos (OFs) increased by four percent to $2.7 billion in April from $2.6 billion in the...
Israel 's attack on Iran may pause monetary policy easing by the Bangko Sentral ng Pilipinas (BSP) while also weakening the peso, according to foreign banks. “We think that the spike in oil prices on June 13 due to the Israel-Iran conflict is unlikely to derail the BSP 's decision to...
Studies have shown that the Philippines is among the most disaster-prone countries in the world. Located along the Pacific Ring of Fire and visited by an average of 20 typhoons each year, the country faces heightened exposure to a range of natural hazards. Given this vulnerability, educating...
