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...
The Philippine banking system’s gross non-performing loan (NPL) ratio climbed by nine basis points (bps) to 3.39 percent in April, reversing the improvement seen in March, as loan growth slowed and more borrowers fell behind on payments, according to the central bank. The latest data from the...
The SM group’s retail and hotels units are seeking to boost sales by enhancing their customer experience strategies in response to consumers’s preference for personalized shopping and lifestyle experiences. A recent 2025 global consumer trends report by experience management firm Qualtrics...
The Philippines’ external financial standing strengthened in May this year, as the country 's gross international reserves (GIR) posted a notable increase, bolstering its capacity to withstand external economic pressures. The Bangko Sentral ng Pilipinas (BSP) reported that the country’s...
With falling inflation and elevated positive real interest rates, the Bangko Sentral ng Pilipinas (BSP) is all set to further slash the key borrowing rate on June 19, according to Singapore-based United Overseas Bank (UOB). The five-and-a-half-year low headline inflation of 1.3 percent recorded in...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ “A-” credit rating with a stable outlook is expected to strengthen confidence among Japanese investors in the country. On Thursday, June 5, JCR...
With inflation accelerating to its lowest pace in nearly six years in May, private-sector economists expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this month. Inflation slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace...
