BSP forges partnership with BAIPHIL By JAMES A. LOYOLA The Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines (BAIPHIL) have formalized their longstanding partnership with the signing of a memorandum of understanding (MOU). “The collaboration of BSP and BAIPHIL will go...
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...
Developers of gigawatt-scale floating solar farm projects are in a bind on their project finance-raising activities because of the programmatic environmental compliance certificate (ECC) that may turn out not acceptable as requirement to lenders, especially to foreign banks. In an interview,...
The Bangko Sentral ng Pilipinas (BSP), through a Monetary Board Resolution, has approved the planned merger of Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC). In a disclosure to the Philippine Stock Exchange (PSE), Ayala-led BPI said that the BSP approved the merger...
ILOILO CITY – President Ferdinand R. Marcos Jr. opened the 18th National Jamboree of the Boy Scouts of the Philippines (BSP) in Passi City, Iloilo province on Monday, December 11. PRESIDENT Ferdinand R. Marcos Jr. (center) takes his oath as Chief Boy Scout of the Philippines during the opening of...
Finance Secretary Benjamin E. Diokno believes that borrowing costs in the country have hit a ceiling. On the sidelines of the Retail Dollar Bond 2 listing on the Philippine Dealing and Exchange Board on Monday, Nov. 6, Diokno stated that there is no rationale to warrant a further increase in...
Senator Sherwin Gatchalian on Sunday, November 5 urged state regulators to strengthen mechanisms for consumer protection amid the continuing proliferation of online fraudulent activities especially with the onset of the Christmas season. Gatchalian, in particular, urged the...
The Bangko Sentral ng Pilipinas (BSP) has approved the request of Union Bank of the Philippines (UnionBank) for additional equity investment of up to P900 million in wholly owned subsidiary UnionDigital Bank Inc. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank said the BSP...
Former National Economic and Development Authority (NEDA) Secretary Dante Canlas has indicated his openness to the possibility of returning to government service, demonstrating a willingness to contribute once again to the public sector. There have been rumors circulating that Canlas is among the...
The appointment of Rosalia V. De Leon, a long-time national treasurer of the Philippines, to the top policy-making body of the central bank, is a recognition of her expertise and dedication to the financial sector. On Saturday, Sept. 2, the Presidential Communications Office announced De...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expects that speeding up government spending during the second half of the year could improve the country’s growth rate by the end of 2023. NEDA Secretary Arsenio Balisacan (Photo from the Presidential Communications...
Monetary Board (MB) Member Anita Linda R. Aquino, Finance Secretary Benjamin E. Diokno, BSP Governor Eli M. Remolona, and MB Member V. Bruce J. Tolentino Banko Sentral ng Pilipinas (BSP) Chairman and Governor Eli M. Remolona took to the stage as he raised a celebratory glass during the special...
