Dividend remittances of government-owned and/or -controlled corporations (GOCCs) fell 17.2 percent to ₱114.6 billion in 2025, driven by a sharp contraction in the Bangko Sentral ng Pilipinas’ (BSP) remittance after leading in two consecutive years. The latest data from the Bureau of the...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to abandon its steady policy stance as domestic and foreign lenders warn that persistent supply shocks are beginning to seep into the broader economy. A growing chorus of economists expects the BSP to raise its benchmark interest...
Singapore-based DBS Bank Ltd. said the Philippines is facing declining investor confidence as the persistent surge in energy costs stemming from the Middle East war weighs on the government’s ability to service its debts. Citing data on credit default swaps (CDS), DBS economists said the...
Bank of the Philippine Islands (BPI) will hold its Annual Stockholders’ Meeting on April 20, 2026 (Monday) at 9:00 AM. The meeting will be conducted virtually via https://conveneagm.com/ph/BPI2026ASM . Stockholders of record as of February 27, 2026 are eligible to attend and vote. Those who wish...
Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies. DBS wrote in a commentary published last Friday that...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
Bank of the Philippine Islands (BPI) will hold its Annual Stockholders’ Meeting on April 20, 2026 (Monday) at 9:00 AM. The meeting will be conducted virtually via https://conveneagm.com/ph/BPI2026ASM . Stockholders of record as of February 27, 2026 are eligible to attend and vote. Those who wish...
The Philippines has secured its largest-ever loan from the World Bank, with the Washington-based multilateral lender approving $1 billion on Friday, March 27. This funding will support the Philippines Sustainable Agricultural Transformation Project (PSAT), which will be implemented by the...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
State-owned Development Bank of the Philippines (DBP) signed a ₱2-billion loan agreement with the City of Kabankalan to fund infrastructure and disaster resiliency projects, marking a significant escalation in state-backed efforts to combat chronic flooding in the Negros Occidental region. In a...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
The World Bank Group (WBG) said it is stepping up support for emerging market (EM) economies like the Philippines, as the ongoing Middle East conflict drives up commodity prices and disrupts global logistics, posing new risks to growth and food security. In a statement on Thursday, March 26, the...
