Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
Vice President Sara Duterte hit the government anew for having “no stability at all” amid massive reports of corruption in infrastructure projects and the continuous politicking and posturing for the 2028 elections. “Oh, definitely, there is no stability at all with regard to our government...
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
Makati City Mayor Abby Binay underscored the need for the city to sustain its current standing as a financially stable, transparent, and fiscally responsible local government that is providing exemplary services to its citizens. “For the past nine years, we took bold steps to revolutionize public...
Citing his decisive leadership and dedication to improving the country’s education system in a short span of time, the Catholic Educational Association of the Philippines (CEAP) on Saturday, May 24, called on President Marcos to reinstate former senator Sonny Angara as Secretary of the Department...
The Financial Stability Coordination Council (FSCC) sees substantial refinancing of maturing corporate bonds and loans this year as it weighs the impact of 'fresh uncertainties' overseas on the domestic economy. FSCC is an inter-agency council where the principals from the Bangko Sentral ng...
The Financial Stability Coordination Council (FSCC), which is led by the Bangko Sentral ng Pilipinas (BSP), is placing the strengthening the Philippine corporate bond market high on its list of priorities for 2024. The FSCC includes the Department of Finance, the Insurance Commission, the...
Japan will be “closely monitoring” China’s activities in the South China Sea after it installed a 300-meter-long floating barrier in the Scarborough Shoal (Bajo de Masinloc) that hindered Filipino fishermen from accessing one of their traditional fishing grounds. (From left) Japan Coast Guard...
President Ferdinand "Bongbong" Marcos Jr. has called for new regional peace initiatives to maintain peace and stability in the Korean Peninsula in the interest of all stakeholders, citing its importance in Asia’s development. PH-JAPAN TIES — President Marcos holds a bilateral meeting with...
Japan has called for a peaceful resolution to the issues surrounding Taiwan, saying it would affect the peace and security of neighboring countries and the livelihood of their citizens. *Japanese Ambassador to the Philippines Koshikawa Kazuhiko and US Embassy in the Philippines Chargé d'Affaires...
China wants countries in Asia to “uphold strategic independence” and resist “external interference” amid challenges that may threaten peace and stability in the region, Chinese Ambassador to Manila Huang Xilian said on Tuesday, April 4. In a Facebook post, the envoy mentioned the “changes...
