Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the central bank’s ability to issue its own securities will improve both liquidity and inflation control, especially after infusing over P1.4 trillion of money supply in the financial system since the pandemic began. Benjamin...
Because of the pandemic and temporary suspension of some of its open market facilities, the Bangko Sentral ng Pilipinas (BSP) earned less in the second quarter, reducing its six-month net income to P13.714 billion or 54.1 percent lower than same time in 2019 of P29.883 billion. The BSP has been...
Jimmy Alapag and LJ Moreno are interrupted by their daughter Keona as they film a vlog explaining their move to the United States. (Screengrabbed from Alapag Family Fun YouTube channel) Jimmy Alapag said that the decision of moving to the United States together with his family is not a permanent...
The country’s current account surplus improved to $4.4 billion in the first six months of the year, reversing the $2.6 billion deficit reported same time in 2019, the Bangko Sentral ng Pilipinas (BSP) said Friday. BSP Deputy Governor Francisco G. Dakila Jr. said the better-than-expected current...
The Bangko Sentral ng Pilipinas’ (BSP) maiden auction of 1-month BSP Bills, offered at P20 billion initially, received tenders amounting to P43.36 billion in Friday’s bids. This is the first central bank issued securities since the “JOBO” Bills in the 1980s. MB file photo. According...
The Bangko Sentral ng Pilipinas (BSP) said that as of end-June this year, the Philippines’ outstanding external debt was higher at $87.453 billion, up by 7.6 percent or $6.2 billion from same time last year of $81.259 billion, as the government borrowed more to finance anti-COVID-19 pandemic...
Members of Gilas Pilipinas sing the national anthem before its 2021 FIBA Asia Cup Qualifiers match against Indonesia. (FIBA photo) Gilas Pilipinas could see itself playing under a bubble concept for its 2021 FIBA Asia Cup Qualifiers campaign. World governing body FIBA on Friday announced that all...
Duke recruit Vanessa De Jesus is very much willing to play for Gilas Women. (Duke Athletics / Fil-Am Vanessa De Jesus of Duke University said Thursday that she would make herself available when the opportunity comes to play for the Gilas Pilipinas women’s national team. An incoming freshman with...
The central bank’s term deposit facility (TDF) has a slightly lower volume this week of P350 billion while yields ended mixed. The 28-day TDF’s offer was cut from P50 billion from its September 9 auction to P20 billion ahead of the Bangko Sentral ng Pilipinas’ (BSP) first offering of BSP...
Jimmy Alapag, center, poses with long-time manager Charlie Dy and his Alab Pilipinas assistant coach MC Abolucion prior to his departure for the US on Tuesday. (Photo from Charlie Dy) PBA and Gilas Pilipinas great Jimmy Alapag and his family left the country Tuesday night to begin a new life in the...
The central bank yesterday said for the first half of 2020 the country’s net foreign direct investments (FDI) inflows fell by 18.3 percent to $2.997 billion from $3.670 billion same period last year because of the COVID-19 pandemic. FDIs are equity capital, reinvestment of earnings, and...
Cash remittances sent by overseas Filipinos (OF) via the banking networks increased by 7.8 percent in July but January-July data still show a decline of 2.4 percent to $16.802 billion because of the COVID-19 pandemic. The 2.4 percent year-to-date (YTD) decline is recorded both for the cash and...
