The central bank’s auction of its 28-day BSP bills fetched a higher rate and bigger volume this week, based on results from the Bangko Sentral ng Pilipinas (BSP). The 28-day securities was offered higher at P60 billion on Friday versus P50 billion last week. It remained oversubscribed with...
The Bangko Sentral ng Pilipinas (BSP) will set a limit to the number of online-only banks, which have lower capitalization requirement. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said many banks have expressed interests to...
The Bangko Sentral ng Pilipinas (BSP) has extended for the third time the temporary relief measures for its rediscount facilities until January 31 next year. The previously granted temporary measures lapsed on September 30. This is the third time that a fixed rediscount term as relief to banks has...
The Bangko Sentral ng Pilipinas (BSP) has approved the National Government’s request for a P540 billion advances for budget gap financing due to COVID-19 pandemic expenses. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said...
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...
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...
The Bangko Sentral ng Pilipinas (BSP) offered P390 billion term deposit facility (TDF) this week because of banks’ bigger demand and while yields were mixed, tenders breached the offer with P575.31 billion. “The TDF auction results continue to reflect ample liquidity conditions in the...
The Bangko Sentral ng Pilipinas (BSP) has absorbed P1.5 trillion of liquidity from the financial system as of end-June this year and amid the worst of the community quarantine period, according to a report. This was the total outstanding amount that was siphoned off by the BSP’s liquidity...
The country’s current account surplus improved to $4.4 billion in the first six months of the year, reversing the $2.6 billion deficit reported same time in 2019, the Bangko Sentral ng Pilipinas (BSP) said Friday. BSP Deputy Governor Francisco G. Dakila Jr. said the better-than-expected current...
Local government officials are pushing for the restructuring of loans and granting of concessional rates to tourist transport operators using the funds from the Bayanihan to Recover as One Act (Bayanihan 2) to give them 2-3 years breathing space from high interest rates. Bohol Governor Arthur Yap...
The central bank’s guidelines on the establishment of digital banks is expected to be approved this month, according to a Bangko Sentral ng Pilipinas (BSP) official. BSP Deputy Governor Chuchi G. Fonacier (Bloomberg file photo) BSP Deputy Governor Chuchi G. Fonacier said the circular will be...
The Bangko Sentral ng Pilipinas (BSP) will accelerate its gold purchases and will be more opportunistic in its gold trading, according to its highest-ranking official. MB File “BSP will be opportunistic, sell when gold prices are high,” said BSP Governor Benjamin E. Diokno over the weekend. He...
