The Bangko Sentral ng Pilipinas (BSP) which during the term of Gloria Macapagal-Arroyo had to publicly apologize for the infamous “Arrovo” banknotes said that this time, the alleged P1,000 bill with an incorrect spelling of President Duterte’s name on it is not one of their own. The P1,000...
The country’s international investment position (IIP) registered a higher net liability position of $15 billion in the second quarter or up by 45.5 percent compared to $10.3 billion in the first quarter this year, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said this is because the total...
The central bank’s term deposit facility (TDF) continue to be oversubscribed at P645.18 billion on Wednesday from a higher offer of P430 billion this week versus P390 billion previously as banks’ abundant liquidity are increasing demand for all tenors. Bangko Sentral ng Pilipinas (BSP)...
The Duterte administration has requested for a fresh provisional advance from the Bangko Sentral ng Pilipinas (BSP) in the amount of P540 billion. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) “The NG has requested for fresh provisional advance of P540...
Banks’ foreign currency deposit units (FCDUs) totaled $18 billion as of end-June, down by 1.7 percent or $303 million compared to the previous quarter’s $18.3 billion with principal payments still exceeding disbursements, the Bangko Sentral ng Pilipinas (BSP) said. (Ali Vicoy/Manila Bulletin)...
The Bangko Sentral ng Pilipinas (BSP) is about to issue revised guidelines on virtual currency exchanges (VCEs) and electronic money issuers (EMIs) to plug the regulatory gaps of the existing virtual asset service providers (VASP) rules. MB File “Once issued (the revised) circular will address...
Banks prefer Bangko Sentral ng Pilipinas (BSP) securities with short-term maturities of up to two months, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said that based on the...
The Bangko Sentral ng Pilipinas (BSP) said that residential property prices increased by 27.1 percent year-on-year in the second quarter, the highest growth rate recorded by its Residential Real Estate Price Index (RREPI) since it started in 2016. (Photo credit: http://www.bsp.gov.ph) The RREPI,...
The Bangko Sentral ng Pilipinas (BSP) remains confident that the country’s external debt numbers and ratios are still at prudent and at comfortable levels despite more borrowings in the past seven months for the COVID-19 pandemic war chest. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The central bank said it registered net foreign portfolio investment outflows of $127 million in August, an improvement compared to $453 million net outflows in July, in a COVID-19 affected fund flow environment. Total foreign portfolio funds or hot money inflows reached $667 million in August...
The Bangko Sentral ng Pilipinas (BSP) reported the country’s balance of payments (BOP) surplus of $4.774 billion for the January to August period, lower than same time last year of $5.529 billion. For the month of August only, BOP was in excess of $657 million from $8 million in July. It is also...
The banking community reiterated Friday that as they were consulted by the Bangko Sentral ng Pilipinas (BSP) before putting a limit on credit card rates and fees, they are supporting this move to “ease the burden” of cardholders amid the public health crisis. “We support this initiative by...
