ILOILO CITY — The province and city of Iloilo emerged victorious at the Parada ng Kalayaan (Freedom Day Parade) during the 127th Philippine Independence Day celebration on June 12 in Manila. The Tultugan Festival of Maasin town was champion in the Festival Performance competition while the Cry of...
Netherlands-based financial giant ING does not expect the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the upcoming monetary policy meeting, citing below-target inflation and a continued appreciation of the peso. These factors, coupled with “high real rates, and uncertainty over...
The Philippines has a "low" sovereign debt risk despite its ballooning obligations, but think tank Capital Economics cautioned that emerging markets (EMs) with better managed public finances should not rest on their laurels amid lingering fiscal strains. In a June 12 report authored by Capital...
Banks and other financial institutions may be held liable for fraud suffered by their clients if they fail to implement fraud management systems (FMS) within the mandated one-year transition period, a top official at the Bangko Sentral ng Pilipinas (BSP) said. BSP Deputy Governor Elmore O. Capule...
Award-winning Kapuso actor Ruru Madrid said it would be a challenge to do a project on Filipino heroes Andres Bonifacio or Lapu-lapu. Ruru made the revelation during an interview as his action-packed series "Lolong: Pangil ng Maynila" gears up for the finale on GMA Primetime on June 13. Asked...
Consumer complaints filed with the Bangko Sentral ng Pilipinas (BSP) surged by 62.3 percent in 2024 to around 70,000 cases, according to officials of the central bank. Of the total number of consumer complaints, 13 percent were categorized as unauthorized transactions, Charina B. De Vera-Yap,...
ILOILO CITY – The province of Iloilo is set to defend its crown in the Parada ng Kalayaan (Freedom Day Parade) in Manila in the 127th Philippine Independence Day celebration on Thursday, June 12. Similar to last year, the float depicted the Cry of Santa Barbara, the pivotal moment when the...
Stepping onto a big stage to open for a famous artist in a large venue is an exciting experience. The crowd is full of energy, and their faces light up with the bright lights that change with the music. At a recent media conference held at Viva Cafe in Araneta City, Earl Agustin, Rob Deniel, Amiel...
Expectations are growing among foreign banks for the Bangko Sentral ng Pilipinas (BSP) to reduce key interest rates consecutively when its Monetary Board (MB) decides on the policy stance in June and August, with global investment banking giant Goldman Sachs joining the chorus. "We continue to...
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines fell to $498 million in March, the lowest in three months, as heightened political instability and lingering United States (US) tariff-led uncertainty eroded investor confidence. Net FDI inflows amounted to $498...
Even with the safety net of deposit insurance, both small and large depositors tend to pull out their funds when a nearby bank shuts down, suggesting that fear of losing access to cash outweighs the assurance of protection, according to a study co-authored by top Bangko Sentral ng Pilipinas (BSP)...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
