British banking giant HSBC expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by another 75 basis points (bps) following its recent hikes as inflation is projected to significantly overshoot the target ceiling this year, while economic growth remains dampened. “Higher oil...
As artificial intelligence (AI) becomes more deeply embedded in financial operations, the Bangko Sentral ng Pilipinas (BSP) has urged banks and nonbanks to establish tailored governance frameworks to protect the financial system from data privacy breaches, algorithmic bias, and operational risks....
Property costs accelerated in the first quarter of 2026, signaling a broader recovery in the residential market after successive declines, although tighter lending standards continued to dampen borrowers’ appetite for property purchases. Property inflation quickened in the first quarter,...
Despite expecting the country’s current account deficit to widen from the 2025 level, the Bangko Sentral ng Pilipinas (BSP) has improved its outlook, forecasting a narrower deficit for 2026 and 2027 than in its first-quarter projections. Based on the updated June 2026 forecast released on Friday...
Think tank Capital Economics expects the Philippine economy to grow below the government’s downgraded targets over the next three years, warning that the country’s recovery would likely remain sluggish as weak confidence, tight fiscal policy, and the lingering impact of recent shocks weigh on...
Gilas Pilipinas displayed fine form and blasted New Zealand NBL team Manawatu Jets, 90-61, in the first of the pair of friendly games as part of the team’s preparations for the third window of the 2027 FIBA World Cup Asian Qualifiers on Sunday, June 28. The Nationals went off to a hot start,...
Veteran setter Jia De Guzman and Capital1 star Bella Belen banner a 22-player pool for Alas Women under Japanese head coach Taka Minowa, while the men’s side has standouts Bryan Bagunas and Marck Espejo leading the roster for the Aichi-Nagoya 20th Asian Games. The Philippine Olympic Committee...
Gilas Pilipinas head coach Tim Cone admitted that losing veteran guard Scottie Thompson leaves a significant void, but the multi-titled mentor remains confident his backcourt has enough depth to step up. Cone revealed that Thompson was ruled out of the Final 12 due to a hamstring injury, paving the...
Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) are prohibited from entering into partnerships that would allow unlicensed third-party players to conduct electronic money (e-money) operations. “BSFIs shall not enter into any arrangement that results in another person...
Gilas Pilipinas may have been through to the next round of the 2027 FIBA World Cup Asian qualifiers but the two remaining games in the third window are crucial to the Nationals’ bid of making it back to the global showpiece. National team head coach Tim Cone underlined the importance of the two...
Philippine corporate executives turned less pessimistic about the economic outlook last month, betting that a revival in consumer spending will shore up corporate earnings even as households grew increasingly anxious over job security and dwindling finances. According to the Bangko Sentral ng...
To prevent your brain from spiraling into something else in the aftermath of the unfortunate shooting incident in a public school in Tacloban, let me be clear that the MLR here does not refer to a muzzle-loading rifle. Nope, Virginia, it does not refer to the Main Line of Resistance, either....
