Lending by universal and commercial banks (U/KBs) posted its fastest growth in 15 months in May, as lenders continued to see steady credit demand from businesses and households in the second quarter of 2026. The latest preliminary Bangko Sentral ng Pilipinas (BSP) data showed bank lending growth...
Even as gold holdings thinned to an eight-month low, the Philippines’ gross international reserves (GIR) still rebounded in June, reaching $104.8 billion after hitting a 16-month low in May, as the government’s foreign-currency deposits with the Bangko Sentral ng Pilipinas (BSP) outpaced its...
The Bangko Sentral ng Pilipinas (BSP) has summoned commercial lenders that have failed to lower their digital fund transfer fees, demanding justification for transaction charges that regulators say violate new fairness guidelines. BSP Deputy Governor Mamerto E. Tangonan said the central bank called...
Safe to say, Mike Phillips is in for the long haul in the Gilas Pilipinas program. The newest addition to the national team pool made quite an impression and provided one of the silver linings for the Nationals in the winless road trip Down Under in the third window of the 2027 FIBA World Cup Asian...
Gilas Pilipinas head coach Tim Cone did not mince words and admitted that his guards simply struggled under pressure after the Nationals failed to execute on the offensive end against the stifling Australia’s defense. “Our point guards struggled tonight. They struggled under pressure,” said...
The road to a fourth straight FIBA World Cup appearance became significantly tougher for Gilas Pilipinas after going winless in the final two windows of the Asian Qualifiers ' first round. Although the Nationals still advanced to the second round, where they will face the top three teams from...
Despite headline inflation easing further to 6.4 percent in June, the Bangko Sentral ng Pilipinas (BSP) warned that price pressures from global oil prices remain strong, assuring the public that it stands ready to take the necessary policy actions to steer inflation back to its three-percent...
A lethargic start spelled doom for the Justin Brownlee-less Gilas Pilipinas, dropping a tough defeat at the hands of host Australia, 92-49, to come out of the 2027 FIBA World Cup Asian Qualifiers third window empty-handed at the RAC Arena in Perth on Monday, July 6. After keeping in step with the...
The Philippine economy retains the capacity to absorb further monetary tightening even as it navigates a prolonged growth slowdown, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said. Remolona said during a media briefing on Monday, July 6, that a potential 25-basis-point interest...
Consumer price growth likely slowed for another month in June, driven by declining global oil and food costs alongside a recovering currency, according to private-sector economists. A median forecast from regional banks and analysts projects headline inflation to have moderated to between 6.5...
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
The central bank is grappling with an “unusual” inflation shock following the historic ₱85 daily minimum wage hike in Metro Manila, though a hyper-aggressive policy response is unlikely, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. On the sidelines of a BSP book...
