Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Friday that risks to the inflation outlook remains “broadly balanced” but also crucial for inflation control that there is enough meat in the coming months. “(The) projected decline of inflation depends crucially on the timely...
The Bangko Sentral ng Pilipinas (BSP) is proposing new regulations for both banks and non-banks’ outsourcing and IT risk management that aim to streamline the process. The BSP’s draft circular has been released to the industry for comments and recommendations and has given them until June 21 to...
The central bank’s Commercial Property Price Index (CPPI) is expected to be launched within the year and it will allow regulators to better monitor banks’ financial and real estate exposures, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. The Monetary Board, chaired...
The peso closed lower  at P47.825  to the US dollar Thursday,  (June 3)   from P47.82 the previous day. The weighted average rate appreciated to P47.806 from P47.821. Total volume amounted to $820.06 million according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) has a new limit to banks’ net open foreign exchange (FX) positions to increase FX liquidity, curtail speculative activity and to make sure that transactions are legitimate and has the appropriate risk governance. BSP Governor Benjamin E. Diokno said...
Banks prefer the 14-day term deposit facility (TDF) this week based on a higher bid coverage ratio. The 14-day tenor which has the same offer of P360 billion for the past weeks, attracted P414.06 billion bids, up from the previous week’s P365.08 billion. The bid coverage ratio increased to 1.1502...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said 50 percent of all payment transactions in the country will be in digital form by 2022, one year earlier than previous target of 2023. “Before the end of 2022, we will accomplish those goals,” Diokno said during the virtual...
COVID-related hits on local banks’ asset quality will critically affect their stand-alone credit profiles and viability ratings (VR), said Fitch Ratings. The credit watcher echoed what it said last March that big banks are vulnerable to VR downgrades as the economy remains weak resulting to banks...
The peso closed lower at P47.76 to the US dollar Tuesday, ( June 1) from P47.695 the previous day.  The weighted average rate appreciated to P47.666 from P47.723. Total volume amounted to $1.124.1 billion according to the Bankers Association of the Philippines.
Government regulators have been putting in place frameworks to encourage key sectors of the economy such as publicly listed companies, banks and financial institutions to contribute to the attainment of Sustainable Development Goals (SDGs). As a member of the United Nations, the Philippines has...
The peso closed higher at P47.695 to the US dollar Monday, (May 31) from P47.80  last Friday. The weighted average rate appreciated to P47.723 from P47.901. Total volume amounted to $878.5 million according to the Bankers Association of the Philippines.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Monday (May 31) that they see a lower inflation for May of 4.4 percent based on BSP’s point inflation projection for the month. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) While still above the...
