The peso closed higher at P48.48  to the US dollar Wednesday, (March 3)  from P48.565 the previous day. The weighted average rate  appreciated  to P48.531   from P48.571.  Total volume amounted  to  $1.094.75 million, according to the Bankers...
The central bank-monitored external debt service burden continued its decline, it fell by 15.49 percent year-on-year as of end-November 2020 to $6.452 billion from $7.635 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, principal payments totaled $4.385 billion, down by 8.53 percent from...
The Bangko Sentral ng Pilipinas (BSP) is projecting that the inflation rate for the first three quarters of 2021 will stay above four percent before easing back to within the 2-4 percent target in the last three months of the year. “Barring additional supply side factors, inflation is projected...
The central bank’s auction of its single tenor 28-day Bangko Sentral ng Pilipinas (BSP) securities fetched a higher weighted average rate of 1.7303 percent last Friday, and fully awarding the P90 billion offer. BSP Deputy Governor Francisco G. Dakila Jr. noted that the yield was up by 6.201 basis...
The Bangko Sentral ng Pilipinas (BSP) is projecting inflation to rise to 4.7 percent in February versus 4.2 percent in January. BSP Governor Benjamin E. Diokno said the forecast range is a low of 4.3 percent to a high of 5.1 percent for the said month. Diokno, quoting the BSP’s Department of...
The Bangko Sentral ng Pilipinas (BSP) registered $97.92-million of net foreign portfolio investments inflows in January, reversing December 2020’s $523.86 million net outflows. The latest "hot money" net inflows also reversed the $486.10 million net outflows in January 2020. The BSP said...
The reorganization of the Bangko Sentral ng Pilipinas’ (BSP) currency and digital money sector will ensure the two payments system will continue to smoothly co-exist until the country is a completely cashless society, according to BSP officials. “My own forecast is that the use of old money...
The peso closed  higher at P48.605  to the US dollar  Wednesday, ( Feb. 24),  from P48.64 the previous day. The weighted average rate  appreciated  to P48.637   from P48.701.  Total volume amounted  to  $1.187.3 billion, according to the Bankers...
The peso closed higher at P48.64 to the US dollar on Tuesday, (Feb. 23) from P48.70 the previous day. The weighted average rate depreciated to P48.701 from P48.562. Total volume amounted to $1.221.2 billion,...
The Bangko Sentral ng Pilipinas (BSP) will formally announce on Wednesday that financial digitalization and e-money expert, Mamerto E. Tangonan, a BSP outsider, is its new deputy governor. Tangonan, currently chief of party of the e-peso project of US Agency for International Development...
Philippine banks are expected to report a bad loans ratio of six percent this year while a return to profits pre-health crisis could come as late as 2023, according to credit watcher S&P Global Ratings. S&P Global in its latest report (Philippine Banks: Buffers Won't Hold If COVID...
Trade and Industry Secretary Ramon M. Lopez on Monday, (Feb. 22) urged the Bangko Sentral ng Pilipinas (BSP) to craft rules to encourage banks to lend more for auto loans stressing that banks have huge liquidity that they can use to help businesses recover. Trade and...
