Stockholders of Payments Network of the Philippines, Inc. elected the 15 members of their Board of Directors for the term 2026-2027 during a special stockholders’ meeting at Makati Shangri-La on Thursday, July 30, 2026. Elected were Reynaldo C. Burgos, representing PNB; Reginaldo Anthony B....
A nearly two-year-high balance of payments (BOP) surplus in June significantly trimmed the Philippines’ cumulative external payments gap, bringing the first-half 2026 deficit down to $3.88 billion—nearly half the shortfall recorded in the first five months. This rebound was driven by a...
A surplus in May helped narrow the overall balance of payments (BOP) deficit for the Philippines to $7.28 billion for the first five months of 2026 from $7.41 billion in the previous month. While the cumulative gap remains significant, the May performance provided a slight reprieve from the...
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
The Philippines’ balance of payments (BOP) deficit widened to a record $7.41 billion in the first four months of the year, driven by the persistent trade imbalance and volatile capital flows that have rapidly depleted the nation’s dollar reserves. The cumulative four-month deficit has already...
Coins.ph has recently introduced its QRPh Crypto Payment feature, allowing users to pay using either Philippine peso or cryptocurrency at any merchant that accepts QRPh. To use the QRPh Crypto Payment feature in the Coins.ph app, scan the QR code at any QRPh-enabled establishment, such as Auro...
Successive and increasingly large monthly balance of payments (BOP) deficits pushed the end-March deficit to a total of $5.29 billion—its widest year-to-date gap on record. This three-month total is already approaching the $5.66-billion full-year deficit recorded last year, according to the...
Tourism-related payments and government procurement are set to move faster and become more accessible as the Department of Tourism (DOT) rolls out a nationwide digital system powered by Landbank of the Philippines. Under a memorandum of agreement signed on Jan. 13, the DOT will adopt Landbank’s...
Revising its narrower forecast earlier, the Bangko Sentral ng Pilipinas (BSP) now sees the Philippines’ balance of payments (BOP) deficit to widen this year and next year due to widening trade-in-goods gap. As of September, the BSP is projecting the BOP hole to widen to 1.4 percent of the...
A larger balance of payments (BOP) surplus in August narrowed the country’s cumulative deficit for the first eight months of the year to its lowest level in five months, according to the Bangko Sentral ng Pilipinas (BSP). The latest data from the BSP showed that the BOP, which reflects the...
The reversal of the Philippines’ balance of payments (BOP) position to a surplus in June brought down the country’s BOP deficit by 3.5 percent to $5.6 billion in the first six months of 2025. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the BOP, which reflects the country’s ...
