The Bangko Sentral ng Pilipinas (BSP) raised its benchmark interest rate by 25 basis points (bps) to 4.5 percent on Thursday, April 23, a preemptive move intended to anchor inflation expectations as escalating Middle East tensions threaten to push domestic prices beyond the government’s target...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate by 25 basis points (bps) to 4.5 percent to confront war-driven price hikes head-on, according to investment banking giant Goldman Sachs. “Given its price stability mandate, we believe the BSP will hike...
While Asian currencies have been on a modest decline since Middle East tensions flared up, Japanese financial giant MUFG Bank Ltd. said the Philippine peso was the biggest loser among regional currencies, given the domestic economy’s high exposure to imported oil. Separately, think tank Capital...
Philippine banks expanded their collective balance sheets to a record high in the first two months of the year, driven by the surge in lending and shifts into government securities as lenders maintained a cautious but growth-oriented posture. Preliminary data from the Bangko Sentral ng Pilipinas...
The Bangko Sentral ng Pilipinas (BSP) should raise its benchmark interest rate by a quarter percentage point on Thursday to combat broadening price pressures that are beginning to weigh on private consumption, according to New York-based GlobalSource Partners Inc. In a commentary released April 22,...
The national 3x3 basketball program gets a timely boost with the launching of the MelMac Sports in Imus, Cavite recently. Owned by Mel Macasaquit, the 3,500-square-meter establishment is designed to elevate both the 3x3 and 5-on-5 basketball in the country, while also catering other disciplines...
The Philippine external debt service burden (DSB) surged by more than four-fifths to $1.51 billion in January, from $831 million a year ago, driven by a significant increase in amortization. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the rise in the country’s servicing...
British banking giant Barclays has maintained its “underweight” rating on Philippine sovereign debt, following Fitch Ratings’ decision to downgrade the country’s credit outlook to ‘negative’ amid mounting fiscal and growth concerns. In an April 20 report obtained by Manila Bulletin,...
The Gilas Pilipinas women’s 3x3 basketball team is leaving no stone unturned in its buildup, doing everything possible to peak at the right time as it eyes an impressive campaign in the upcoming 2026 FIBA 3x3 World Cup slated June 1 to 7 in Warsaw, Poland. Bannered by Gilas mainstay Afril...
Fitch Solutions unit BMI expects the Bangko Sentral ng Pilipinas (BSP) to keep policy rates unchanged at its meeting on Thursday, April 23, as higher consumer prices weigh on household consumption and could further slow economic growth. This forecast comes on the back of March inflation data, which...
It’s not only San Miguel that is benefitting in the return of Bennie Boatwright to the PBA. The 6-foot-10 center can now also focus on his naturalization process now that he’s already in the country, hoping to finally join Gilas Pilipinas in its future tournaments. Boatwright’s naturalization...
New York-based Moody’s Analytics expects the Bangko Sentral ng Pilipinas (BSP) to stand pat at this week’s policy meeting, despite a slightly worsening inflation outlook following the March price uptick. Analysts at Moody’s Analytics wrote in a commentary last Friday, April 17, that...
