The central bank will print up to 45 million of the national IDs in 2021, almost half of the targeted population, according to a Bangko Sentral ng Pilipinas (BSP) official. BSP senior assistant governor and head of the Security Plant Complex (SPC) Dahlia D. Luna said they could produce this much,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno reiterated Friday that the peso vis-à-vis the US dollar will continue to be “supported by fundamentals” in the “long run”. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) And, he said that “over the...
Contributors to the Personal Equity and Retirement Account (PERA) grew by 50 percent in just three months after it went digital to reach as many investors and participants as possible, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. BSP Governor Benjamin E. Diokno...
The Bangko Sentral ng Pilipinas’ (BSP) 28-day securities was oversubscribed by 1.59 times during its Friday auction, its last for 2020. “The BSP offered and awarded in full P80 billion worth of 28-day bills in the last BSP Securities auction for the year amid increased demand for liquidity...
The World Bank has approved two loans to the Philippines to support the country's recovery efforts from the coronavirus pandemic, improve competitiveness, as well as build resilience against shocks and natural disasters. In a statement, the Washington-based lender, said it approved $900 million...
The central bank’s auction of term deposit facility (TDF) received P570.33 billion bids this week, lower than P644.81 billion last December 9 while yields fell ahead of the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meeting on Thursday. The 7-day TDF was still offered at P170 billion,...
With increased online transactions due to the holidays, the Bangko Sentral ng Pilipinas (BSP) is reminding banks to remain vigilant against cyber attacks, specifically phishing or the fraudulent acquisition of sensitive data or information. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The central bank reported Tuesday the country’s gross international reserves (GIR) continued its rise to $104.508 billion as of end-November from $103.802 billion in end-October, or up by $706 million. Compared to same time in 2019, the GIR is significantly higher by $18.28 billion from...
The Bangko Sentral ng Pilipinas (BSP) said bank-transferred remittances from overseas Filipinos as of end-October reached $24.633 billion, down 0.9 percent year-on-year form $24.858 billion. The BSP said the “cumulative contraction” in remittances has narrowed from the previous 1.4 percent in...
The central bank incurred net foreign exchange (FX) losses of P4.55 billion as of end-September after a P6.13 billion realized losses in the third quarter due to fluctuations in FX rates from its foreign currency-denominated activity. The July to September net FX losses is the biggest for the...
The Bangko Sentral ng Pilipinas (BSP) is allowing universal and commercial banks to electronically submit six foreign exchange (FX) transaction documents to lessen risks of COVID-19 transmission in the handling of hardcopy. Based on a new memo (BSP Memorandum Order No. M-2020-089) that BSP Deputy...
In response to the current global and local economic and financial conditions, the Bangko Sentral ng Pilipinas (BSP) is amending its foreign exchange (FX) regulation to further streamline the reporting and documentary requirements for FX and trade transactions and the registration of foreign loans...
