Foreign direct investments (FDI), characterized by long-term commitments and the creation of job opportunities for Filipinos, are projected to reach $9.5 billion this year. Based on the latest projections by the Bangko Sentral ng Pilipinas (BSP), the initial forecast of $9 billion for the...
Anita Linda R. Aquino and V. Bruce J. Tolentino's names have been struck off the roster of Monetary Board members at the Bangko Sentral ng Pilipinas (BSP). Their removal was evident on the central bank's website on Tuesday, July 2, subsequent to reports indicating their resignation effective June...
Expectations that rice tariff cuts will ease inflation would allow the Bangko Sentral ng Pilipinas (BSP) to lower interest rates as planned, even as the weak peso may be a deterrent to do it sooner, according to economists. "Given the dovish language from the central bank, we are sticking with our...
Credit-led neobank Zed said there is an "overwhelming demand" for its credit card after securing certificate of authority from the Bangko Sentral ng Pilipinas (BSP). After a six-month BSP-sanctioned pilot program, Zed, the first neobank to offer credit cards independently, said it is introducing...
President Marcos is expected to soon announce the appointment of two bankers to the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP). Walter C. Wassmer Insiders told Manila Bulletin that Walter C. Wassmer, a veteran executive from BDO Unibank Inc., will likely join...
A combination of easing inflation pressures and slowing economic growth will allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates beginning the third quarter, think tank Capital Economics said. Across emerging Asian economies, "central banks have recently started to sound more dovish,...
The Bangko Sentral ng Pilipinas (BSP) will likely keep the policy rate at 6.5 percent next week while the central bank navigates around a weak peso and a hawkish US Federal Reserve, global banks said. "Another central bank that may be under pressure to review its rate stance next week is the...
The Ayala Museum and the Bangko Sentral ng Pilipinas (BSP) collaborated on an exhibition that demonstrates the rich artistic tradition, complex social hierarchies, and sophisticated economic practices of the pre-colonial Philippines at the Ayala Museum on May 17, 2024. Ayala Museum Senior...
The Bangko Sentral ng Pilipinas (BSP) wants its supervised financial institutions to set down the policy on the filing of legal cases against erring personnel to curb the incidence of misbehaving directors, officers and employees. In a proposed circular, the BSP laid down what to do in terms of...
Moody’s Analytics said the Bangko Sentral ng Pilipinas (BSP) is expected to hold its key rate steady at 6.5 percent during its monetary policy meeting on Thursday, May 16. In its latest Economic View: Asia Pacific commentary, the global credit rating agency noted that with the inflation...
Big banks’ outstanding loans grew by 9.4 percent year-on-year in March, higher than the growth in February of 8.6 percent, according to the Bangko Sentral ng Pilipinas (BSP). In a statement Friday, May 10, the BSP said this data is net of reverse repurchase (RRP) placements with the central...
The banking sector’s gross non-performing loans (NPL) or bad loans ratio dropped to 3.39 percent in March versus 3.44 percent in February, the lowest so far for the year, based on Bangko Sentral ng Pilipinas (BSP) data. The current bad loans ratio is, however, higher compared to same period last...
