(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
BSP Governor Benjamin E. Diokno (FILE Bloomberg) The Bangko Sentral ng Pilipinas (BSP) said it may require all banks with digital banking services to apply for the appropriate digital bank license based on a new circular’s transitory provision. “Existing banks may apply for conversion to a...
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...
The central bank’s auction of 28-day securities fetched a lower rate this week but had a higher bid volume of P123.80 billion. The Bangko Sentral ng Pilipinas’ (BSP) one-month bills was still being offered at P60 billion on Friday, and it received oversubscribed tenders which was higher than...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the improved external sector accounts in the third quarter compared to the second quarter suggests that the worst is indeed over as far as the country’s inflows are concerned. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) cut the overnight reverse repurchase (RRP) facility by 25 basis points (bps) to two percent – the lowest policy rate on BSP record -- to boost market confidence and in support of economic recovery amid uncertainties of a...
The 28-day Bangko Sentral ng Pilipinas (BSP) bills auction yielded lower rate of 1.9621 percent, but it still remained oversubscribed with full P60 billion offer awarded. Banks’ total tenders reached P88.90 billion which was 1.48 times the offer volume of P60 billion. The average rate fell by...
Big banks’ lending growth further weakened to just 2.8 percent in September from an already low of 4.7 percent in August, the Bangko Sentral ng Pilipinas (BSP) said. Domestic liquidity or M3, in the meantime, expanded by 12.3 percent year-on-year to P13.5 trillion in September, a slower pace of...
It has come to this. The Bangko Sentral ng Pilipinas (BSP) wants to make public their enforcement actions and criminal cases against erring banks and other supervised entities in the name of transparency and market discipline, deter banks...
The central bank’s Senior Bank Loan Officers’ Survey (SLOS) for the third quarter showed banks continue to indicate “tighter” and unchanged overall credit standards for loans to enterprises and households. The SLOS reported that for loans to enterprises, the banks that have tighter lending...
The Bangko Sentral ng Pilipinas (BSP) is proposing to streamline the licensing and relax the independence requirements for securities custodians to increase the number of capital market players. The BSP wants to delete the term “third party” that refers to third party custodianship, and the...
