Singapore-based DBS Bank Ltd. sees the Bangko Sentral ng Pilipinas (BSP) potentially calling another off-cycle policy meeting in May, where an interest rate hike may now be on the table, as war-driven pressures continue to weigh on the peso and raise the risk of elevated consumer prices staying...
Philippine banks expect loan demand from Filipino entrepreneurs and households to remain steady in the second quarter of the year, according to the central bank, which said banks face a balancing act on lending rules amid the domestic spillover of the Middle East war. Results of the latest...
The Bangko Sentral ng Pilipinas (BSP) is overhauling its oversight of digital threats, ditching a legacy rating system in favor of a framework that forces banks to conduct more frequent and rigorous self-assessments of their cybersecurity defenses. This comes as BSP Governor Eli M. Remolona Jr....
This is the question of the hour, fueled by the domestic financial market’s sustained downswing. Yes, Virginia, the financial market is experiencing significant volatility, with upward pressure expected on both the local currency and inflation. The peso is flirting with the ₱62 mark, inflamed...
Amid surging fuel and electricity costs, worsened by a weakening peso, the Bangko Sentral ng Pilipinas (BSP) expects April inflation to have accelerated to at least 5.6 percent—potentially the fastest pace in nearly three years. In a statement on Thursday, April 30, the BSP said it expects...
United Kingdom (UK)-based think tank Pantheon Macroeconomics said the Philippine economy remains too fragile to quickly pass through surging energy prices into demand-side pressures, suggesting that the latest interest rate hike is likely a one-off move. As such, the benchmark rate at 4.5 percent...
Real investment activity in the Philippines risks shrinking during periods of global disruption, especially in scenarios where the United States (US) dollar swings wildly and uncertainty surrounding the American economy intensifies. “Investment declines most sharply when dollar strength and...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
Kathlyn Bugna reaffirmed her status as the country’s brightest junior tennis prospect with another commanding double-title performance in the Bagong Pilipinas Juniors Age-Group Championships at the Villareal Stadium courts in Roxas City, Capiz over the weekend. The Batang Onay/RSB standout from...
The Philippines’ investment-grade rating remains intact—holding a notch above the minimum investment grade by Fitch (BBB with a negative outlook) and two notches above the minimum by S&P Global (BBB+ with a stable outlook) and Moody’s (Baa2 with a stable outlook). However, former Bangko...
SANYA, China — The Gilas Pilipinas teams advanced to the quarterfinals after topping their respective groups in the 3x3 basketball tournament in the 6th Asian Beach Games at the Sanya Gymnasium on Monday, April 27 here. The men’s team topped the Group A standings despite absorbing its first...
