Once its "Project Agila" ends in January 2025, the Bangko Sentral ng Pilipinas (BSP) will craft a three- to five-year roadmap in preparation for a possible central bank digital currency (CBDC), a top official said. During a breakout session at the Philippine Institute for Development Studies'...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has been awarded an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards, marking him as one of the top central bank governors in world. In a statement on Monday, Aug. 26, the BSP announced that...
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Medalla is...
With the prolonged pandemic, the country's net external liability position increased 3.5 percent to P676.6 billion in the first quarter from same period last year of P653.8 billion due to higher net foreign liabilities by the general government and non-financial corporations (NFCs), a report from...
Big banks in the country remained well-capitalized despite the prolonged pandemic-induced crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin E. Diokno said that big banks’ capital adequacy ratio (CAR), a measure of lenders’ solvency, improved to 17.6 percent in the first...
Legal issues of BSP’s ‘digital banknote’ initiative MB file After the Bangko Sentral ng Pilipinas (BSP) created a Technical Working Group (TWG) in June 2020 as initial research on a possible central bank digital currency (CBDC), it released a more comprehensive study in March this year on...
