The Philippine banking system’s gross non-performing loan (NPL) ratio slightly eased to 3.38 percent in May, as continued double-digit growth in bank lending expanded the loan base and, along with the central bank’s cumulative 1.25-percent policy rate cut, helped reduce borrowing costs and...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines increased to $610 million in April, the highest in three months, driven by larger investments in the manufacturing sector from Japan. Net FDI inflows climbed by 7.1 percent from $570 million in April last year,...
While loans from big banks or universal and commercial banks, excluding investments in the central bank’s reverse repurchase (RRP), expanded at a slightly faster rate of 11.3 percent from April’s 11.2 percent, it remains relatively slower than March’s 11.8-percent expansion rate. In a...
The Philippines’ gross international reserves (GIR) or United States (US) dollar stock increased to $105.3 billion as of end-June from the previous month’s $105.2 billion, according to the data from the Bangko Sentral ng Pilipinas (BSP). This level increased slightly by $100 million from...
Filipino consumers have become more trusting of digital payment methods, as data from the Bangko Sentral ng Pilipinas (BSP) showed that the value of people’s transactions climbed to more than half of total monthly retail transactions in 2024. According to the central bank’s 2024 report on the...
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
Alas Pilipinas missed out on a podium finish after falling to Chinese Taipei, 25-17, 26-24, 25-22, in the bronze medal match of the 2025 VTV International Women’s Volleyball Cup on Saturday evening, July 5, at the Vinh Phuc Gymnasium in Vietnam. After being outplayed in the opening set, the...
Alas Pilipinas put up a gallant fight but eventually lost steam and yielded to reigning champion Russia-based club Korabelka, 16-25, 27-25, 17-25, 22-25, in the semifinal of the 2025 VTV International Women 's Volleyball Cup at the Vinh Phuc Gymnasium in Vietnam Friday evening, July 4. The...
The Department of Public Works and Highways (DPWH) has commenced the construction of a multi-purpose sports facility in Bacoor City, following a groundbreaking ceremony held on Friday, Jul. 4. DPWH Region 4A Director Jovel G. Mendoza said the Ramon Revilla Sr. Sports Arena, located in Barangay...
Alas Pilipinas flashed its veteran poise and overcame a gallant stand from the youthful Est Cola, 25-17, 25-21, 25-21, to barge into the semifinal of the 2025 VTV International Women 's Volleyball Cup at the Vinh Phuc Gymnasium in Vietnam Thursday evening, July 3. Coming off a one-day break,...
The Bangko Sentral ng Pilipinas is considering two more cuts to key borrowing costs, driven by easing inflation and an economic slowdown attributed to consumer and business uncertainty. Two cuts are “possible,” BSP Governor Eli M. Remolona Jr. told reporters on the sidelines of the 32nd BSP...
