British banking giant HSBC is now leaning toward back-to-back jumbo interest rate hikes that could lift policy rates to six percent, as signs of de-escalation in Middle East tensions remain muted—potentially forcing the Bangko Sentral ng Pilipinas (BSP) to add another layer to its...
San Miguel Beer import Bennie Boatwright is one step closer to becoming a Filipino after bills seeking his citizenship finally got the green light from the Senate Committee on Justice and Human Rights on Wednesday, May 6. Boatwright, under House Bill No. 6639 and Senate Bill No. 1595, is seeking...
An off-cycle policy meeting by the Bangko Sentral ng Pilipinas (BSP) could signal to investors that the central bank is falling behind the inflation curve, potentially triggering further market volatility, according to a former senior policymaker. Diwa Guinigundo, a former BSP deputy governor who...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
Local monetary authorities face the growing challenge to stabilize surging consumer prices as the initial pass-through of global oil inflation threatens to push the headline rate into double digits by the fourth quarter of the year. The mounting risk that inflation expectations could become...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to deliver a more aggressive interest rate hike or a rare off-cycle move after inflation surged to a three-year high in April. British banking giant Barclays is now pricing in three consecutive 25-basis-point increases, which would...
The Samahang Basketbol ng Pilipinas (SBP) is looking forward to announcing its new foreign coach, who will be tasked to guide Gilas Pilipinas Women as the federation makes a big push to qualify for the 2028 Summer Olympics in Los Angeles. SBP executive director Erika Dy bared plans to bring in a...
Kathlyn Bugna delivered another commanding performance, sweeping three titles in the Bagong Pilipinas Age-Group Tennis Championships at the Rizal Memorial Tennis Center last Monday, May 4, to reinforce her growing reputation as one of the country’s brightest young prospects. Fresh from a similar...
The naturalization process of San Miguel import Bennie Boatwright is set to resume after being scheduled for the committee level hearing by the Senate Committee on Justice and Human Rights on Wednesday, May 6. According to the Senate schedule published on its website, the committee, currently...
Philippine banks not enrolled in the Peso Real-Time Gross Settlement (RTGS) system have been allowed to directly withdraw high-value cash from the Bangko Sentral ng Pilipinas (BSP) during calamities and emergency situations. “Banks not registered in the Philippine Payment and Settlement System...
The peso is at risk of crumbling to a record low of ₱63 against the United States (US) dollar if a protracted Middle East conflict drives oil prices higher and forces Washington to adopt a more hawkish policy stance. Estimates by the Japanese financial giant MUFG Bank Ltd. show that in a risk...
Team Pilipinas Enciende (TPE) of Saint Pedro Poveda College delivered a phenomenal performance on the global stage, capturing gold in the International All Star Federation (IASF) in Orlando, Florida, just days after clinching a silver medal in the International Cheer Union (ICU) World...
