Singapore-based United Overseas Bank (UOB) has downgraded its 2025 economic growth forecast for the Philippines amid global trade uncertainties, which, in turn, bolstered its expectations of further interest rate cuts. In its new quarterly global outlook report for the third quarter of 2025,...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
Alas Pilipinas may have fallen short of making it on top, but it still showed a glimpse of a brighter future. The Nationals put up a gallant stand against defending champion Vietnam but still succumbed, 25-15, 25-17, 25-14, to settle for the silver medal in the 2025 AVC Women 's Volleyball...
A wider current account deficit drove the Philippines’ balance of payments (BOP) position from a $238-million surplus in the first quarter of 2024 to a $3-billion deficit in the same period this year, according to the central bank. For the January-to-March period, the country’s current account...
The Philippines’ outstanding foreign debt rose by 6.6 percent in the first quarter of the year, as the government borrowed more to fund infrastructure and budgetary needs, while private banks tapped foreign lenders for short-term financing to manage liquidity. Data from the Bangko Sentral ng...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
Netherlands-based financial giant ING does not expect the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the upcoming monetary policy meeting, citing below-target inflation and a continued appreciation of the peso. These factors, coupled with “high real rates, and uncertainty over...
The national team knew it had to do something special on Independence Day. And they did, as Bella Belen, Alyssa Solomon, and Angel Canino led Alas Pilipinas with a stunning win over erstwhile unbeaten Kazakhstan, 25-21, 25-15, 25-19, to secure a semifinal spot in the 2025 AVC Women 's...
Ahead of the 2025 Binibining Pilipinas grand coronation night, the candidates participated in an enjoyable Q&A session with members of the entertainment press at Ibis Styles Manila in Araneta City recently. The excitement filled their discussions, covering topics such as advocacy, activism,...
Banks and other financial institutions may be held liable for fraud suffered by their clients if they fail to implement fraud management systems (FMS) within the mandated one-year transition period, a top official at the Bangko Sentral ng Pilipinas (BSP) said. BSP Deputy Governor Elmore O. Capule...
Alas Pilipinas regained its winning ways as it dismantled New Zealand, 25-17, 25-21, 25-18, to keep its podium bid alive in the 2025 AVC Women 's Volleyball Nations Cup at the Dong Anh Gymnasium in Hanoi, Vietnam Wednesday, June 11. Eager to bounce back from a narrow loss to Iran, the...
Consumer complaints filed with the Bangko Sentral ng Pilipinas (BSP) surged by 62.3 percent in 2024 to around 70,000 cases, according to officials of the central bank. Of the total number of consumer complaints, 13 percent were categorized as unauthorized transactions, Charina B. De Vera-Yap,...
