The next administration must make the move from a consumer-driven economy to an investment-driven one to cushion the impact of future shocks and crises on the economy. Diwa Guinigundo, former Deputy Governor of Bangko Sentral ng Pilipinas. (BLOOMBERG PHOTO) Thus, said former Bangko Sentral ng...
Editorial In support of the Philippine government commitment to the global climate summit last year, the Bangko Sentral ng Pilipinas last week released Annex A to the Sustainable Finance Framework that was issued in April 2020 embodying the guiding principles. Among the incentives being considered...
The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
The automated election system (AES) source codes for the May 2022 polls have been deposited at the Banko Sentral ng Pilipinas (BSP) for safekeeping. Screenshot Comelec FB Officials of the Commission on Elections (Comelec) led by Executive Director Bartolome Sinocruz and Atty. John Rex Laudiangco...
The Commission on Elections (Comelec) and the Banko Sentral ng Pilipinas (BSP) on Monday, Jan. 31, signed an escrow agreement for the safekeeping of the automated election system (AES) source code in relation to the May 2022 polls. Screenshot Comelec FB The virtual signing was led by Comelec...
The research arm of credit rater Fitch Group has maintained its bearish stance on the Philippine peso, as it expects the local currency to even weaken as accommodative policy stances and a worsening current account weigh on the local currency. In a research note on Friday, Jan. 14, Fitch Solutions...
Efforts to institutionalize financial education in the capacity-building initiatives of the Armed Forces of the Philippines (AFP) gained momentum with the unveiling of financial education materials intended for the uniformed and civilian personnel of the Philippine Air Force, Philippine Army, and...
The Bankers Association of the Philippines (BSP) said that awarding Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno as “Global Central Banker of the Year” – beating all other central bankers around the world – is a “well-deserved recognition”. Bankers Association of the...
The Government Service Insurance System (GSIS) and Social Security System (SSS) topped the list of state-run firms in terms of income for 2020 but both also registered the largest amount of expenditures during the year that the 2019 coronavirus disease (COVID-19) pandemic hit the country, the...
A group of teachers urged the Bangko Sentral ng Pilipinas (BSP) to discontinue its plan to roll out the new design of the P1,000 bill a move that has been drawing criticism from various sectors since it was announced. BSP polymer banknotes The Teachers Dignity Coalition (TDC) expressed opposition...
Malacañang tried to appease the public Tuesday, Dec. 14 over the backlash on the new P1,000 banknote featuring a Philippine eagle design that will be issued alongside the existing bill thas has portraits of World War II heroes Vicente Lim, Josefa Llanes Escoda, and Jose Abad Santos. (Ali Vicoy/...
While recognizing the importance of paying homage to three Filipino World War 2 heroes, human rights lawyer Chel Diokno on Monday, Dec. 13, expressed his reservations over replacing their portraits with the Philippine eagle in the new design of the P1,000 banknote. Human rights lawyer Chel Diokno...
