Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno who had surgery on Sunday to remove a blood clot from a head injury, has been discharged from St. Lukes Medical Center on Wednesday. A source close to Diokno said he is “up and about” and is expected to return to work next week....
Year 2020 could be well remembered as the pandemic year, but it did not dampen the entrepreneurial spirit of Filipinos as shown by the 41 percent increase in business registration, the highest since 2010. This was reported by Trade and Industry Secretary Ramon M. Lopez at the launch of RCBC...
The Bangko Sentral ng Pilipinas (BSP) is launching an Online Customer Satisfaction Survey (O-CSS) to better provide digitalized services to all its supervised financial institutions such as banks, pawnshops, and money service business (MSB). “In line with the thrust of the BSP to provide...
The Bangko Sentral ng Pilipinas (BSP) has a net income of P34.51 billion as of end-November 2020, down from same period in 2019 of P40.24 billion. The BSP continued to report net foreign exchange (FX) losses of P5.67 billion, a reversal of the previous year’s P14.46 billion FX net...
The Bangko Sentral ng Pilipinas (BSP) has reorganized its payments and currency management operations to ensure a safe and “well-functioning” cash ecosystem in the country as part of digitalization. BSP Governor Benjamin E. Diokno, in a new memo (Memorandum No. M-2021-006) taken up during...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the central bank, which has provided P2 trillion in liquidity to the financial system in 2020, will continue to be the game changer in the country’s anti-COVID-19 pandemic response. “The BSP shall continue to be front and...
With mounting consumer credit card complaints, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier is reminding banks and credit card issuers to strictly follow rules that protect credit card users. In a BSP Circular Letter (No. CL-2021-008) that Fonacier signed on January...
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said the auction of its 28-day BSP bills continue to be oversubscribed or 1.67x the offered volume. The BSP offered P100 billion of its securities during Friday’s auction, and banks tendered P167.25 billion. “The P100...
The Philippines’ gross international reserves (GIR) climbed to record-high $109.797 billion as of end-December 2020, about $22 billion higher from end-2019’s $87.839 billion, based on Bangko Sentral ng Pilipinas (BSP) data. The National Government’s (NG) sale of sovereign bonds to raise...
Overseas Filipinos’ cash remittances reached $27.013 billion as of end-November 2020, down 0.8 percent year-on-year from $27.231 billion same time in 2019, the Bangko Sentral ng Pilipinas (BSP) reported Thursday. The BSP had projected that cash remittances will contract by two percent in 2020 due...
Despite being delayed by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) will pursue the construction of its 30-hectare new Currency Production Facility (CPF) in New Clark City in Capas, Tarlac this year. BSP Governor Benjamin E. Diokno, during Wednesday’s Virtual Signing Ceremony...
Bank lending growth has declined to 0.3 percent year-on-year in November last year versus 1.8 percent in October, the Bangko Sentral ng Pilipinas (BSP) reported late Wednesday. “Bank lending growth waned during the month as the COVID-19 crisis continued to dampen consumer spending and business...
