Finance Secretary Benjamin E. Diokno believes that borrowing costs in the country have hit a ceiling. On the sidelines of the Retail Dollar Bond 2 listing on the Philippine Dealing and Exchange Board on Monday, Nov. 6, Diokno stated that there is no rationale to warrant a further increase in...
Benchmark yields for short-term loans were significantly higher this week amid the policy rate increase forcing the Bureau of the Treasury to partially borrow. At Tuesday's auction of Treasury bills on Oct. 31, the national government raised a total of P12.75 billion, below the P15 billion program....
The National Economic and Development Authority (NEDA) maintained its stance against a policy rate hike, emphasizing that inflation is primarily driven by supply-side factors. This is after Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said that an off-cycle hike may be implemented as...
The Bangko Sentral ng Pilipinas (BSP) has approved the request of Union Bank of the Philippines (UnionBank) for additional equity investment of up to P900 million in wholly owned subsidiary UnionDigital Bank Inc. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank said the BSP...
Former National Economic and Development Authority (NEDA) Secretary Dante Canlas has indicated his openness to the possibility of returning to government service, demonstrating a willingness to contribute once again to the public sector. There have been rumors circulating that Canlas is among the...
The appointment of Rosalia V. De Leon, a long-time national treasurer of the Philippines, to the top policy-making body of the central bank, is a recognition of her expertise and dedication to the financial sector. On Saturday, Sept. 2, the Presidential Communications Office announced De...
A sample copy of a PhiID card (MB File Photo) Senator Francis Escudero on Wednesday, August 9 said he will ask the Philippine Statistics Authority (PSA) and the Bangko Sentral ng Pilipinas (BSP) for “quantifiable targets” when they come to the Senate for the 2024 national budget...
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla completes today 12 years of service in the Monetary Board and as head of the country’s central monetary authority. In a statement last May — after Fitch Ratings revised from negative to stable its evaluation of the country’s BBB...
President Ferdinand "Bongbong" Marcos Jr. has expressed his gratitude to outgoing Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla for his strong leadership that enabled the Monetary Board to mitigate the impact of inflation in the country. *Outgoing Bangko Sentral ng Pilipinas Governor...
Senator Sherwin Gatchalian on Sunday, June 25 urged the public to be wary of finance applications that can be downloaded online on Google Play or Apple Store and other websites but are actually lending applications that victimizes oblivious customers. ...
Albay 2nd district Rep. Joey Salceda (Facebook) Economist-congressman Joey Salceda of Albay's 2nd district hailed on Friday night, June 23 Malacañang's appointment of Eli Remolona as the new Bangko Sentral ng Pilipinas (BSP) governor, as he highlighted the latter's "formidable experience". “I...
Following long consultations, President Ferdinand "Bongbong" Marcos Jr. has named Eli Remolona as the new governor of the Bangko Sentral ng Pilipinas (BSP), the Presidential Communications Office (PCO) announced on Friday, June 23. *Bangko Sentral ng Pilipinas Governor Eli Remolona (BSP)* Remolona,...
