The peso closed lower  at P47.765 to the US dollar Thursday, (June 10) from P47.731 the previous day. The weighted average rate appreciated to P47.728 from P47.739. Total volume amounted to $680.2 million according to the Bankers Association of the Philippines.
The country’s foreign direct investments (FDI) net inflows increased by 45.1 percent year-on-year as of end-March to $2.377 billion from $1.638 billion, based on Bangko Sentral ng Pilipinas’ (BSP) latest data. For the month of March alone, FDI net inflows which are equity capital, reinvestment...
The central bank said there is sustained demand for the weekly term deposit facility (TDF) despite mixed results for the 7-day and 14-day tenors. The 7-day, still offered at P150 billion, only attracted P140.16 billion tenders but the 14-day TDF continue to receive above-offer bids of P458.96...
The peso closed lower   at P47.731 to the US dollar Wednesday, (June 9) from P47.72 the previous day.  The weighted average rate depreciated to P47.739  from P47.69. Total volume amounted to $675 million according to the Bankers Association of the Philippines.
Financial conglomerates and domestic systemically important banks (D-SIBs) are more vulnerable to reputational risks such as negative publicity, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno said D-SIBs, particularly within "mixed interest" conglomerates, are...
The peso closed lower at P47.72 to the US dollar Tuesday, (June 8)  from P47.66 the previous day. The weighted average rate appreciated to P47.69 from P47.692. Total volume amounted to $650.7 million according to the Bankers Association of the Philippines.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no need to alter or revise the Currency Risk Protection Program (CRPP) which allow banks to hedge their eligible foreign currency obligations. “We have not seen the need to further update or expand the hedging facility...
The Philippine banking system’s assets grew steadily amid the pandemic, it went up by 3.9 percent year-on-year to P19.393 trillion as of end-April from P18.665 trillion, based on Bangko Sentral ng Pilipinas (BSP) data. The end-April total banking assets is however lower compared to end-March’s...
Short-term benchmark interest rates dipped anew at Monday’s auction, June 7, of the government IOUs at the Bureau of the Treasury. Investors lapped up the 91-day Treasury bills, with demand for the three-month government IOUs reaching P26.36 billion during Monday's auction of the...
The Bangko Sentral ng Pilipinas (BSP) is exploring options on what to do with its six-hectare Security Plant Complex (SPC), currently valued at P8 billion, in Quezon City once it has relocated its printing facility in New Clark City in Capas, Tarlac. “We’re keeping our options open,” said BSP...
The banking sector’s non-performing loans (NPL) ratio climbed to 4.35 percent in April this year, highest in 12 years, while delinquency rate also surged, data from the Bangko Sentral ng Pilipinas (BSP) revealed. BSP data showed that the banking sector’s non-performing loans (NPL) ratio went up...
Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC), which has just identified the country’s servicing of debts and credit-related risks as red flags to potential systemic issues, is strongly pursuing the signing of a proposed executive order (EO) to empower the...
