Mactan, Cebu — The Bangko Sentral ng Pilipinas (BSP) may keep borrowing costs steady if inflationary pressures continue and economic growth remains sluggish in the final quarter of the year, the central bank chief said. "Our readings indicate that there’s still some inflationary pressure, and...
Mactan, Cebu — Following the GCash incident, a Bangko Sentral ng Pilipinas (BSP) official stated that the central bank would strengthen its policies if the investigation revealed that the e-wallet platform was at fault for the unauthorized account deductions. On the sidelines of the...
House Speaker Martin Romualdez (Speaker’s office) Expect up to 13 of the Marcos administration’s signature Bagong Pilipinas Serbisyo Fairs (BPSF) to be held in quick succession next year in as many provinces. House Deputy Secretary General...
Mactan, Cebu — Amid Trump's comeback, the Bangko Sentral ng Pilipinas (BSP) is considering a 25 basis points (bps) reduction in borrowing costs, either in December or at the next Monetary Board (MB) meeting, as the central bank continues its easing cycle, according to an official. During the...
The country’s external debt service burden dipped 3.8 percent to $8.68 billion as of end-August compared to $9.023 billion in the same period last year, based on Bangko Sentral ng Pilipinas (BSP) data. During the period, external debt service principal payments totaled $3.461 billion, lower by...
The Bangko Sentral ng Pilipinas (BSP) reported a higher net income of P105.6 billion in the first eight months of 2024, a significant 361 percent increase compared to P22.9 billion the same time last year due to more revenues but less expenses. Based on the latest BSP data, revenues totaled P220.2...
When the going gets rough … the rough will need lubricants - because nothing ruins the ride like grinding gears and brake-screeching agony!" The lubricants business is often overshadowed by its more popular cousins diesel and gasoline – but in reality, it is a very essential commodity that...
Gilas Pilipinas head coach Tim Cone was glad to finally have Scottie Thompson back in the fold especially with the stability he's bringing into the team. The team's only pure point guard, having Thompson back for the second window of the 2025 FIBA Asia Cup qualifier would allow Gilas to return to...
In the face of today’s climate crisis, it’s natural to wonder what more can be done to address the situation. When considering the chief causes, many immediately point to smoke-belching vehicles, deforestation, single-use plastics, and fossil fuels. These factors are often cited as the...
De La Salle head coach Topex Robinson is simply proud of Kevin Quiambao who has been chosen to be part of the 15-man training pool that will prepare for the FIBA Asia Cup Qualifiers next week. La Salle's Kevin Quiambao (UAAP Media) Despite the UAAP season entering the knockout stage and the Green...
Gilas Pilipinas might be in danger of not having two of its big men in its home stand in the 2025 FIBA Asia Cup Qualifiers. Kai Sotto (FIBA) Gilas team manager Richard del Rosario revealed that 6-foot-10 center AJ Edu is doubtful for the two games against New Zealand and Hong Kong while the...
The Bangko Sentral ng Pilipinas (BSP) said it is investigating a system error at GCash, the leading e-wallet platform in the country, which resulted in unauthorized deductions from user accounts over the weekend. In a statement late Monday, Nov. 11, the BSP said that it had instructed...
