The Philippine banking industry reported a combined net profit of ₱101.9 billion in the first three months of 2025, up 10.6 percent from ₱92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management. Data from the Bangko...
The Philippines’ balance of payments (BOP) deficit widened to $2.6 billion in April 2025, driven mainly by a larger trade in goods deficit and the government’s withdrawal of US dollar stock to settle foreign debt payments. According to the Bangko Sentral ng Pilipinas (BSP), the deficit in April...
The Bangko Sentral ng Pilipinas (BSP) and state-run Philippine Amusement and Gaming Corp. (PAGCOR) on Monday both issued alerts against scammers on instant messaging sites as well as social media. In a statement, the BSP warned against fraudulent Viber messages using the photo of Deputy Governor...
The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
While the transmission of key interest rate cuts to lending rates remains uneven in the Association of Southeast Asian Nations (ASEAN), Japanese investment bank Nomura noted that this connection has massively improved in the Philippines. “Relative to the previous cutting cycle, the pass-through...
In the aftermath of the midterm election that showed surprising upsets—and despite the prevailing uncertainty surrounding the United States’ (US) tariffs—the domestic market is gearing up for a possible interest rate cut by the Bangko Sentral ng Pilipinas (BSP). Talks going around the market...
Efforts by supporters of former President Rodrigo Duterte to disrupt overseas remittance flows through a self-declared “no remittance week” in March failed to dent inflows, as cash sent home by Filipinos rose by 2.6 percent that month, data from the Bangko Sentral ng Pilipinas (BSP) showed....
Slowing increases in consumer prices could boost the Philippine economy this year through 2027, with gross domestic product (GDP) growth falling within the lower end of the government’s target of six to eight percent, according to the Bangko Sentral ng Pilipinas (BSP). “GDP growth could settle...
The Bangko Sentral ng Pilipinas (BSP) has proposed requiring Islamic banking units (IBUs) operated by conventional banks to either transition into full-fledged Islamic banks or comply with universal bank capital requirements within five years. Under a newly proposed circular, the central bank has...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines amounted to $529 million in February, marking a steep 61.9-percent decline from the $1.4 billion recorded in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported. FDI net inflows last February...
The Bangko Sentral ng Pilipinas (BSP) could mandate that all banks, e-wallets, and clearing houses adopt the internationally accepted ISO 20022 messaging standard, modernizing domestic payment systems and aligning with global financial protocols. In a draft circular dated April 2025, the BSB noted...
