State-run Philippine Amusement and Gaming Corp. (Pagcor) has remitted additional funds to the Bureau of the Treasury for the government’s efforts in curbing the spread of COVID-19 and providing economic relief. In a statement, Recto Baltazar Jr., Pagcor vice-president, said the gaming regulator...
Banks’ trust assets were up 6.20 percent as of end-third quarter 2020 to P3.048 trillion from P2.870 trillion same period in 2019 with most preferring to be liquid and opting for safer investments during the pandemic. Based on data from the Bangko Sentral ng Pilipinas (BSP), the 28 financial...
The peso closed higher at P48.020 to the US dollar Monday, the first trading day of the year from P48.023 on December 29, 2020.  The weighted average rate depreciated to P48.022 from P48.021. Total volume amounted to $873.75...
Debt service burden down 8% The Philippines will continue to have a strong debt sustainability position and will remain comfortably way below what the Bangko Sentral ng Pilipinas (BSP) considers a danger threshold even as the country borrow more from foreign sources to fund COVID-19 vaccine...
The Bangko Sentral ng Pilipinas (BSP) is proposing a reporting governance framework for the operators of payment systems (OPS). In a draft circular, Regulatory Reporting Standards for Operators of Payment System, the BSP said OPS should have “relevant,...
Banks’ foreign currency deposit unit (FCDU) loans declined to $17.3 billion as of end-September, down by 3.9 percent from the previous quarter’s $18 billion. On a year-on-year basis, FCDU loans fell by 3.1 percent from $17.8 billion, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno...
The branches of foreign banks in the Philippines can continue to use twice the level of net worth for its single borrower’s limit (SBL) until end-2021 as part of the Bangko Sentral ng Pilipinas’s (BSP) regulatory relief measures. BSP Governor Benjamin E. Diokno (Bloomberg file) BSP Governor...
The Bangko Sentral ng Pilipinas (BSP) said the December inflation could be a low of 2.9 percent from November’s high of 3.3 percent, or it could move up more to 3.7 percent due to higher prices of some food. “Higher prices of domestic petroleum products and key agricultural items...
Year-Ender Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) The Bangko Sentral ng Pilipinas’ (BSP) nearly P2 trillion liquidity injection in the pandemic-hit financial system did what it’s supposed to do prop up confidence in the market amid the recession and uncertainty...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
The central bank said Tuesday that the country’s external exposure has improved in the second quarter this year, it’s down to P670.5 billion compared to P1.8 trillion same period in 2019. The Bangko Sentral ng Pilipinas (BSP) said in a statement that the net external liability position...
The peso  closed  higher at P48.023  to the US dollar on Tuesday   the last trading day of the year  from P48.055 the previous day.  The weighted average rate appreciated  to P48.021 from P48.036.  Total volume amounted  to...
