Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
The Philippine banking industry reported a combined net profit of ₱101.9 billion in the first three months of 2025, up 10.6 percent from ₱92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management. Data from the Bangko...
CAMP AQUINO, Tarlac City – The Armed Forces Northern Luzon Command raised the Philippine flag over Talampas ng Pilipinas (Philippine Rise) to reinforce the country’s sovereign rights over the undersea feature in the Philippine Sea on Sunday, May 18. SOLDIERS salute as the national flag is...
The Philippines’ balance of payments (BOP) deficit widened to $2.6 billion in April 2025, driven mainly by a larger trade in goods deficit and the government’s withdrawal of US dollar stock to settle foreign debt payments. According to the Bangko Sentral ng Pilipinas (BSP), the deficit in April...
The Bangko Sentral ng Pilipinas (BSP) and state-run Philippine Amusement and Gaming Corp. (PAGCOR) on Monday both issued alerts against scammers on instant messaging sites as well as social media. In a statement, the BSP warned against fraudulent Viber messages using the photo of Deputy Governor...
The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
Navotas Rep. Toby Tiangco, Alyansa para sa Bagong Pilipinas campaign manager, has no one to blame but himself in the poor performance of the Marcos administration’s senatorial bets in the recently held 2025 midterm polls, former vice presidential spokesman Barry Gutierrez said on Sunday, May 18. ...
Following the proclamation of the 12 new senators, President Marcos said it was time to move past the midterm elections and shift efforts toward promoting his administration’s development agenda. President Ferdinand 'Bongbong ' Marcos Jr. (Malacañang photo) In a speech delivered...
Vice President Sara Duterte said there’s no other person to blame for the poor performance of Alyansa Para Sa Bagong Pilipinas senatorial bets in the recently concluded midterm elections but President Marcos himself. President Ferdinand 'Bongbong ' Marcos Jr. and Vice President Sara...
While the transmission of key interest rate cuts to lending rates remains uneven in the Association of Southeast Asian Nations (ASEAN), Japanese investment bank Nomura noted that this connection has massively improved in the Philippines. “Relative to the previous cutting cycle, the pass-through...
