President Marcos believes that the "best people" running for office in the May elections are under his political party. President Ferdinand 'Bongbong' Marcos Jr. (RTVM) Speaking at the Partido Federal ng Pilipinas (PFP) Leaders' Convergence Summit at The Manila Hotel on Friday, Jan. 31, Marcos...
While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
The Monetary Board (MB) allowed the Marcos administration to borrow as much as $3.21 (about P186.98 billion) from foreign lenders for the last three months of 2024. For the last quarter of 2024, the $3.21 approved amount accounted for six public sector medium- to long-term foreign borrowings. ...
New rules outlining how the central bank will investigate financial accounts under the Anti-Financial Account Scamming Act (AFASA) await approval from the Monetary Board (MB). The Bangko Sentral ng Pilipinas (BSP) has drafted a circular authorizing the Consumer Account Protection Office (CAPO) to...
The Bangko Sentral ng Pilipinas (BSP) reported strong financial results for the first 10 months of last year, driven by higher revenues, lower expenses, and a significant increase in miscellaneous income. Based on the latest BSP data, the central bank posted a net income of P113.1 billion from...
Despite weaker Asia-Pacific currencies, central banks in the region— including the Philippines'—are expected to continue with monetary policy easing to boost domestic consumption, economists said. "Asian currencies have been under pressure against the US dollar since early October...
Nearly four years removed since he last donned a Gilas Pilipinas jersey, Troy Rosario could find himself wearing the national tri-colors anew. That, after the veteran forward was called up to join the national team pool for its trip to Doha, Qatar in preparation for the third and last window of the...
The Bangko Sentral ng Pilipinas (BSP) urges banks to prioritize digitalization and financial inclusion to boost economic growth. This call by BSP Governor Eli M. Remolona Jr. to action came during the annual bankers' night held last Friday, Jan. 10, which was attended by key figures in the banking...
Naturalized Filipino and former Gilas Pilipinas center Andray Blatche is already mulling retirement and his stint with the Strong Group Athletics in the Dubai International tournament could be his farewell tour. At 38 years old, the NBA veteran is eyeing a fitting swan song to his decorated career...
With inflation within the target range for 2024 and projected to remain so in 2025, economists polled by the Manila Bulletin expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this year. Despite headline inflation rates increasing incrementally month-on-month,...
Injured Barangay Ginebra forward Jamie Malonzo seemed to be nearing his return after getting activated to the Kings’ lineup ahead of their clash against the San Miguel Beermen – a development that should also be a welcome news to Gilas Pilipinas. Malonzo, who went down with a calf injury and...
The expansion of the Philippines’ total debt from foreign creditors continued outpacing the growth of its total foreign assets during the third quarter of 2024, according to the central bank. Data on the country’s net international investment position (IIP) revealed that the net liability...
