The central bank’s term deposit facility (TDF) were oversubscribed on Wednesday but yields continue to fall in normalizing conditions, according to Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. “The TDF auction results continue to show normal market conditions amid...
The peso closed lower  at P48.45 to the US dollar Wednesday, ( April 21) from P48.32  the previous day.   The weighted average rate depreciated to P48.388 from P48.302. Total volume amounted to $797.4  million, according to the Bankers Association of the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno expects the country’s gross international reserves (GIR) to climb to $120 billion this year which is $6 billion more than what the BSP announced last month as forecast. Diokno sees a higher GIR than its forecast of $114 billion for...
The Bangko Sentral ng Pilipinas (BSP) will require domestic systemically important banks or D-SIBs to submit independently their recovery plans and Internal Capital Adequacy Assessment Process (ICAAP), and to ensure these documents have consistency and coherence. BSP Governor Benjamin E. Diokno...
Two banks are interested to set up in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as the Philippines has become an attractive location following the issuance by the Bangko Sentral ng Pilipinas of key regulatory framework and licensing of Sharia governance and tax neutrality. ...
The peso closed higher at P48.32 to the US dollar Tuesday, (April 20)  from P48.35 the previous.  The weighted average rate appreciated to P48.302 from P48.399. Total volume amounted to $684.6 million, according to the Bankers Association of the Philippines.
The faster recovery in more advanced economies and possible early start towards normalization will not necessarily translate to a similar monetary policy stance for the Philippines which intends to keep interest rates low in support of growth, according to Bangko Sentral ng Pilipinas (BSP) Governor...
The peso closed higher at P48.35 to the US dollar Monday, (April 19) from P48.38 last Friday. The weighted average rate depreciated to P48.399 from P48.393. Total volume amounted to $784.3 million, according to the Bankers Association of the Philippines.
Banks have allocated P148 billion new loans to micro, small and medium enterprises (MSMEs) as of end-February as alternative compliance to the reserve requirements (RR) of the Bangko Sentral ng Pilipinas (BSP). As part of relief measures to cope with the effects of the COVID-19 pandemic, the BSP...
A Bangko Sentral ng Pilipinas (BSP) new guidelines are providing banks with the capability to control and manage hits and threats to their reputation as trusted financial institutions and to avoid triggering systemic risks amid the still raging global health crisis. “As the financial sector...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the Philippines, as one of the International Monetary Fund’s (IMF) creditor-member, will build-up its “statistical citizenship” to strengthen its surveillance system and to communicate the country’s good credit standing. A...
The peso closed higher at P48.38 to the US dollar Friday, (April 16) from P48.44 the previous day. The weighted average rate appreciated to P48.393 from P48.479. Total volume amounted to $950.11 million, according to the Bankers Association of the Philip-pines.
