The 16 percent minimum liquidity ratio (MLR) for stand-alone thrift, rural and cooperative banks has been extended until December 31, 2021, a year longer from its previous ending date of end-2020, based on a Bangko Sentral ng Pilipinas (BSP) memorandum. Bangko Sentral ng Pilipinas (BSP) Governor...
The Philippines got the lowest coupon ever after raising $2.75 billion from the global bond market, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “The Philippines set a record for lowest coupon levels,” said Diokno on Thursday. The ROPs sold have maturities of 10.5...
After a surprised interest rate cut last month, the central bank’s Monetary Board may still decide to bring the policy rate to below two percent when it meets for the last time this year on December 17. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that they continue...
At least five banks are expected to apply for digital bank license this month, the first batch of applicants after the Bangko Sentral ng Pilipinas (BSP) approved the digital banking framework last week. “So far, about five have signified intention to apply for a digital bank license,”...
The Bangko Sentral ng Pilipinas’ (BSP) foreign exchange (FX) swaps totalled $4.16 billion in September, keeping a steady position from $4.49 billion in August. The FX swaps from July to August has a bigger increase of $1.67 billion compared to August to September, based on data from the BSP. The...
The Bangko Sentral ng Pilipinas (BSP) has extended by another year or up to 2023 the transitory period for the certification of marketing personnel authorized to sell unit investment trust funds (UITF). The previous transitory provision for existing UITF marketing personnel to be...
The country’s external debt service burden decreased by 11.11 percent to $4.934 billion as of end-August from $5.551 billion same time last year, according to the Bangko Sentral ng Pilipinas (BSP). Debt service burden is payment made to both principal and interest on both the public and...
The Bangko Sentral ng Pilipinas’ (BSP) auction of 28-day BSP bills were still oversubscribed and fetched a lower rate last Friday. “Market interest remained strong,” according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP offered P60 billion, same as last November 20, and...
The Bangko Sentral ng Pilipinas (BSP) said November inflation could hit a high of 3.2 percent from 2.5 percent in October due to the impact of bad weather on the supply and prices of food. The BSP forecasts a range of 2.4 percent to 3.2 percent for the November consumer price index. “Higher...
The Philippines has a balance of payments (BOP) surplus of $10.31 billion for the first 10 months, after a big $3.44 billion surplus in October, the Bangko Sentral ng Pilipinas (BSP) reported Thursday. The end-October BOP surplus was higher compared to same time last year of $5.73 billion. It was...
The Bangko Sentral ng Pilipinas (BSP) has approved the framework for digital banking in the country, creating a seventh bank category. “Digital banks will play an important role in the digital financial ecosystem,” said BSP Governor Benjamin E. Diokno in a statement Thursday. These banks, he...
For the first time during the pandemic, the Bangko Sentral ng Pilipinas (BSP) reported $439.46 million of foreign portfolio investments or hot money net inflows in October, reversing the $493.65 million net outflows in September and all other months of fund withdrawals since March this year when...
