The country’s net external liability, or its debtor position, versus the rest of the world (ROW) has dropped to P140.7 billion as of end-third quarter 2020, a huge decline from same time in 2019 of P1.5 trillion, based on the central bank’s latest Balance Sheet Approach (BSA) report. The Bangko...
Credit cardholders will pay lower credit card dues for the entire year after the Bangko Sentral ng Pilipinas (BSP) extended the two-percent per month or 24 percent per year ceiling on interest rate or finance charge on unpaid outstanding credit card balance. BSP Governor Benjamin E. Diokno (Credit:...
The Bangko Sentral ng Pilipinas (BSP) issued a public warning Thursday to beware of forged BSP documents being passed off by scammers or criminals to dupe financial consumers. “The BSP warns the public against individuals or groups presenting fake documents which they claim to be under the...
Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said banks can increase ATM withdrawal fees up to P18 only, the cap they are imposing now, as well as a P2.50 ceiling for balance inquiry charges. Based on the acquirer-based ATM fee charging (ABFC), which started April 7, banks will impose...
The outlook and sentiments of Filipino businessmen remained on the optimistic side for the first half of this year and even in the next 12 months despite increased COVID-19 cases and potential slowing of vaccine supply, according to a Bangko Sentral ng Pilipinas (BSP) quarterly survey conducted...
The peso closed  higher  at P48.54  to the US dollar Thursday, (April 8) from P48.585 the previous day.  The weighted average rate  depreciated  to P48.579 from P48.576. Total volume amounted  to  $659.28 million, according to the Bankers Association of the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Tuesday, (April 6) reiterated his call for government’s timely interventions to prevent the spillovers of inflation supply side pressures to higher transport costs. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB...
The average yield of the Bangko Sentral ng Pilipinas (BSP) 28-day bills continue to drop to 1.9156 percent from 1.9343 percent while remaining oversubscribed. “The BSP offered and fully awarded P80 billion (in Monday’s) 28-day BSP bills auction amid strong demand. This led to the continued...
The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) are working more closely to improve funding access of micro, small and medium enterprises (MSME) via the Credit Surety Fund (CSF). BSP Governor Benjamin E. Diokno in a statement Monday said the BSP will further...
The Philippine peso and the Thai baht offer a tale of contrasting fortunes, with one faring better than the other against a strong dollar. The peso dropped 1% against the greenback in the first quarter, outperforming the baht whose 4.2% decline made it emerging Asia’s laggard. The divergence is...
The peso closed lower at P48.635 to the US dollar Monday, (April 5) from P48.53 last Wednesday.  The weighted average rate  depreciated  to P48.556 from P48.544. Total volume amounted  to  $637.3 million, according to the Bankers Association of the Philippines.
Overseas Filipino Bank (OF Bank), a subsidiary of government-owned Land Bank of the Philippines, has become the country’s first online-only bank after the Bangko Sentral ng Pilipinas (BSP) granted it digital banking license on Maundy Thursday. BSP Deputy Governor Chuchi G. Fonacier, head of BSP...
