The Bangko Sentral ng Pilipinas (BSP) is expecting a bigger balance of payments (BOP) surplus of $7.1 billion in 2021 compared to its previous projection (March) of $6.2 billion. The 2022 BOP surplus estimate is however revised lower to $2.7 billion versus previous forecast of $3.8 billion. The...
The peso closed lower at P48.38 to the US dollar Thursday, (June 17)   from P48.09 the previous day. The weighted average rate depreciated to P48.368 from P48.128. Total volume amounted to $1.788.65 billion according to the Bankers Association of the Philippines.
Improvements in trading gains, fees and other operating income pulled the Bangko Sentral ng Pilipinas (BSP) net income higher by 442 percent in the first two months of the year to P24.62 billion versus P4.54 billion same time in 2020. Based on its latest statement of income and expense, the BSP’s...
The peso closed lower at P48.09 to the US dollar Wednesday, (June 16) from P48.03 the previous day. The weighted average rate depreciated to P48.128 from P47.962. Total volume amounted to $1.151.4 billion according to the Bankers Association of the Philippines.
The peso closed lower at P48.03 to the US dollar Tuesday, (June 15) from P47.89 the previous day. The weighted average rate depreciated to P47.962 from P47.829. Total volume amounted to $1.158.8 billion according to the Bankers Association of the Philippines.
The peso closed lower at P47.89 to the US dollar Monday, (June 14)  from P47.70 last Friday. The weighted average rate depreciated to P47.829 from P47.711. Total volume amounted to $1.001.9 billion according to the Bankers Association of the Philippines.
Buck adverse pandemic impact Banks’ trust units continue to resist the adverse effects of the pandemic with asset holdings of P3.461 trillion as of end-March this year, 23.60 percent higher than same period last year of P2.80 trillion. Trust operations remain profitable, said the...
The country’s big banks have so far issued $2.78 billion worth of green, social and sustainability bonds, broken down as $1 billion sustainability bonds and P84.5 billion ($1.78 billion) peso-denominated green bonds. These green bonds were issued by so-called “first mover” banks since 2017,...
The central bank’s auction of 28-day Bangko Sentral ng Pilipinas (BSP) securities received more bids last Friday resulting to a 1.63x oversubscription, according to BSP Deputy Governor Francisco G. Dakila Jr. “The BSP continued to offer P100 billion in the 28-day bill auction which was...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has assured clients of Union Bank of the Philippines (UnionBank) the bank’s systems glitch which left some funds “floating” will be resolved within the day, Saturday, June 12. Diokno said that the bad outage since Thursday, June...
The Bangko Sentral ng Pilipinas (BSP) wants to implement stricter rules in its regulation of unit investment trust funds (UITFs) and is changing the qualification requirements before a bank or non-bank can establish a UITF. The BSP is amending particular provisions in the existing circular such as...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said changes in the labor market brought on by the public health crisis will continue to drive wage dynamics in the near term, and it will require extra vigilance in monitoring its impact on inflation. “For this reason, the BSP will...
