The Bangko Sentral ng Pilipinas (BSP) securities or 28-day BSP bills received P158.20 billion tenders on Friday, about 1.58x oversubscribed against its P100 billion offer. The oversubscription is higher than last week’s 1.36x or P135.3 billion bids. BSP Deputy Governor Francisco G. Dakila Jr....
The Bangko Sentral ng Pilipinas (BSP) has increased to $2.4 billion its multilateral and bilateral borrowing contribution to the International Monetary Fund (IMF) after it has doubled its participation in the New Arrangements to Borrow (NAB), the IMF's credit facility. Based on the BSP report, the...
As the Bangko Sentral ng Pilipinas (BSP) celebrates its 28th anniversary today, it is proud that it has become “greener” and has embraced the principles of sustainable development. Last year, when the BSP too was in lockdown, its officials started drafting its pandemic-proof Sustainable Central...
The morale and outlook of business and consumer sectors are in different directions with the former tending on a weak confidence level while the latter is on the optimistic side. Based on the Bangko Sentral ng Pilipinas’ (BSP) latest Business Expectations Survey (BES), the business confidence...
The peso closed lower at P49.20 to the US dollar Friday, (July 2) from P49.11 the previous day. The weighted average rate depreciated to P49.166 from P49.004. Total volume amounted to $956 million according to the Bankers Association of the Philippines.
The Philippines’ net external liability position improved in the first quarter this year, it was down by 24.1 percent to $15.3 billion as of end-March from $20.2 billion of the previous quarter (end-December 2020). “This improvement was mainly due to the 3.3 percent decrease in the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said efforts to continue to develop the domestic capital market have not been diminished by the COVID-19 pandemic. Diokno said capital market reforms being implemented and other measures to further deepen the capital market are...
Senator Grace Poe on Thursday, July 1, asked the Anti-Money Laundering Council (AMLC) for a report on its efforts and the challenges it is facing to have the Philippines removed from the list of countries tagged as high risk for money laundering and terrorist financing. Senator Grace Poe Poe,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday, (July 1) that the Philippines will actively pursue its exit from the ‘grey list’ of the global anti-money laundering watchdog, Financial Action Task Force (FATF), and will closely monitor its impact on the economy....
The peso closed lower at P49.11 to the US dollar Thursday, (July 1)  from P48.80 the previous day. The weighted average rate depreciated to P49.004 from P48.704. Total volume amounted to $1.348.89 billion according to the Bankers Association of the Philippines.
The peso closed lower at P48.80 to the US dollar Wednesday (June 30) from P48.50 the previous day. The weighted average rate depreciated to P48.704 from P48.544. Total volume amounted to $1.105. 55 billion according to the Bankers Association of the Philippines.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Monday reiterated his call for a more prominent Asia regional stance when it comes to discussions of global systemic risks amid the pandemic-cum-recession woes. Diokno made this statement after he was appointed for a second term as...
