The fans of Gilas Pilipinas just couldn’t get over the tough 102-106 loss the national team suffered at the hands of New Zealand in a double-overtime thriller and the frustration was very much visible in the online chatters as of Saturday, June 4. Sports personalities and fans took to social...
It could have been a day of celebration for Philippine sports. Alex Eala pulled off a historic second round win in the Wimbledon Championships after a 3-6, 6-2, 6-0 win over Maya Joint to start the day and Gilas Pilipinas had the chance to follow that up against New Zealand to end it. Except that...
Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
Gilas Pilipinas engaged New Zealand to a tooth-and-nail battle but just couldn’t get the breaks late to absorb a heartbreaking 102-106 double-overtime defeat in the third window of the 2027 FIBA World Cup Asian qualifiers at the Spark Arena in Auckland on Friday, July 3. The Nationals leaned on...
American financial giant Goldman Sachs Group Inc. expects the Bangko Sentral ng Pilipinas (BSP) to raise key borrowing costs through three more 25-basis-point (bp) hikes to 5.5 percent, citing the looming inflation threat from El Niño coupled with the oil shock—a “quicker” transmission of...
Philippine banks’ bad loan ratio further deteriorated to 3.44 percent as of end-May, marking a nine-month high as borrowers struggled to settle loans due to elevated borrowing and business costs. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross...
President Marcos reappointed veteran bankers Walter C. Wassmer and Jose L. Querubin to the Bangko Sentral ng Pilipinas’ policymaking Monetary Board, securing their roles through July 2032. The reappointments extend the tenure of both officials to full six-year terms. Wassmer and Querubin were...
The central bank laid out strict reporting guidelines for lenders seeking capital relief on government security valuation losses, mapping out the transitional reporting schedule that begins this month. The Bangko Sentral ng Pilipinas (BSP) issued Memorandum No. M-2026-032 to outline procedures for...
The Bangko Sentral ng Pilipinas (BSP) is proposing a new risk-based supervisory framework to strengthen consumer protection and enhance oversight of local financial institutions. The proposal, which aims to formalize the Financial Consumer Protection Risk-and-Impact Supervisory Model (FCPRISM),...
Japanese financial giant MUFG Bank Ltd. expects the Philippine peso to gradually regain footing against the United States (US) dollar on the back of lower oil prices, improving government spending, and additional interest rate hikes by the Bangko Sentral ng Pilipinas (BSP). MUFG Global Markets...
NUSTAR Online marked another milestone in its landmark partnership with Binibining Pilipinas as the presenter of the first-ever Binibining Pilipinas Gala. Held on June 22 at Novotel Manila Araneta City, the "Road to the Crown: The Binibining Pilipinas 2026 Gala" brought together pageant...
Gilas Pilipinas formally begins its quest Down Under when it takes on New Zealand for its opening game in the crucial third window of the 2027 FIBA World Cup Asian Qualifiers at the Spark Arena in Auckland on Friday, July 3. Tip-off of the clash is at 3 p.m. (Manila time) with the Nationals looking...
