In the aftermath of the midterm election that showed surprising upsets—and despite the prevailing uncertainty surrounding the United States’ (US) tariffs—the domestic market is gearing up for a possible interest rate cut by the Bangko Sentral ng Pilipinas (BSP). Talks going around the market...
In celebration of the International Day of Families on Thursday, May 15, the Department of Social Welfare and Development (DSWD) launched a new digital platform designed to match Filipino families with appropriate government programs and services. DSWD Secretary Rex Gatchalian, who also chairs the...
Efforts by supporters of former President Rodrigo Duterte to disrupt overseas remittance flows through a self-declared “no remittance week” in March failed to dent inflows, as cash sent home by Filipinos rose by 2.6 percent that month, data from the Bangko Sentral ng Pilipinas (BSP) showed....
Larga Pilipinas makes its grand return with elite cyclists taking on the mountains of Cordillera in a six-stage tournament tipped to bring more color and competitiveness to the already flourishing sport in the country. Slated from Aug. 2 to 7 and sanctioned by PhilCycling, Larga Pilipinas has six...
Slowing increases in consumer prices could boost the Philippine economy this year through 2027, with gross domestic product (GDP) growth falling within the lower end of the government’s target of six to eight percent, according to the Bangko Sentral ng Pilipinas (BSP). “GDP growth could settle...
Malacañang said the Marcos administration remains confident in its mandate following the midterm elections, emphasizing that while legitimate opposition is welcome, those working solely to derail government efforts will be dealt with accordingly. Communications Undersecretary Claire Castro (RTVM...
Shell Pilipinas Corp. announced that it would be investing around ₱2 billion to ₱3 billion per year within the next two years to sustain investments at its import facility in Tabangao, Batangas City, as well as develop and upgrade its mobility unit. During the oil firm ’s annual...
The Bangko Sentral ng Pilipinas (BSP) has proposed requiring Islamic banking units (IBUs) operated by conventional banks to either transition into full-fledged Islamic banks or comply with universal bank capital requirements within five years. Under a newly proposed circular, the central bank has...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines amounted to $529 million in February, marking a steep 61.9-percent decline from the $1.4 billion recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported. FDI net inflows last February...
The Bangko Sentral ng Pilipinas (BSP) could mandate that all banks, e-wallets, and clearing houses adopt the internationally accepted ISO 20022 messaging standard, modernizing domestic payment systems and aligning with global financial protocols. In a draft circular dated April 2025, the BSB noted...
Government spending related to the May 12 midterm elections—frontloaded expenditures prior to the polls as well as the resumption of delayed projects due to the election ban—would likely spill over into the second quarter and support first-half economic growth, economists said. "While the...
Another 25-basis-point (bp) interest rate cut by the Bangko Sentral ng Pilipinas (BSP) is widely expected at its monetary policy meeting next month, as inflation slides and economic growth weakens. In a May 9 report, Deutsche Bank Research said the lower-than-expected 5.4-percent gross domestic...
