The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the central bank has plenty of room to cut key interest rates on the back of softer inflation, signaling a potential 50-basis-point (bp) cut by year-end. “So far, the hard data says we have plenty of room to cut, especially...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
The Department of Agriculture (DA) is expecting retail prices of rice to decline as retailers seek to compete with the government’s ₱20-per-kilo rice program, which is now available across a number of cities and municipalities. DA Assistant Secretary Arnel de Mesa said the agency has received...
Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
The Philippine banking industry reported a combined net profit of ₱101.9 billion in the first three months of 2025, up 10.6 percent from ₱92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management. Data from the Bangko...
CAMP AQUINO, Tarlac City – The Armed Forces Northern Luzon Command raised the Philippine flag over Talampas ng Pilipinas (Philippine Rise) to reinforce the country’s sovereign rights over the undersea feature in the Philippine Sea on Sunday, May 18. SOLDIERS salute as the national flag is...
The Philippines’ balance of payments (BOP) deficit widened to $2.6 billion in April 2025, driven mainly by a larger trade in goods deficit and the government’s withdrawal of US dollar stock to settle foreign debt payments. According to the Bangko Sentral ng Pilipinas (BSP), the deficit in April...
The Bangko Sentral ng Pilipinas (BSP) and state-run Philippine Amusement and Gaming Corp. (PAGCOR) on Monday both issued alerts against scammers on instant messaging sites as well as social media. In a statement, the BSP warned against fraudulent Viber messages using the photo of Deputy Governor...
The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
A candidate from Barangay Hagonoy won the Mutya ng Taguig 2025 title during a ceremony on May 17. The Mutya ng Taguig 2025 Coronation Night was held at the Taguig City University Auditorium. Krisha Enaje of Barangay Hagonoy bested 35 other candidates to win the Mutya ng Taguig 2025 crown. ...
