The Bangko Sentral ng Pilipinas (BSP) has proposed formally adopting and expanding regulatory relief measures for banks affected by disasters, which would include a six-month grace period for loan repayments and the temporary exclusion of these loans from bad loan classifications. According to a...
The further interest rate cuts anticipated from the Bangko Sentral ng Pilipinas (BSP) may slightly weaken the peso to beyond the mid-₱56 level this year, according to consensus forecasts collected by the Barcelona-based FocusEconomics. In its June 2025 consensus forecast report for the...
The Marcos Jr. administration 's chief economic manager has allayed concerns about the rising public debt level, claiming that the national government maintains prudent fiscal management. Asked on Tuesday, June 3, if there 's anything to worry about regarding debt accumulation, especially...
Mindanao stalwarts Special Assistant to the President Anton Lagdameo and Partido Federal ng Pilipinas President South Cotabato Gov. Reynaldo Tamayo Jr. on Tuesday met newly elected and reelected members to strengthen party unity and align support to President Ferdinand Marcos Jr.’s legislative...
The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research. In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5...
CAMP COL. RAFAEL C. RODRIGUEZ, Butuan City – Three police officers were injured by a farmer who ran amok during a family feud in Sitio Guitas, Barangay Bunawan Brook, Bunawan town, Agusan del Sur province on Thursday, May 29. “Arman, 67, a father with knife that ran berserk, was subdued by our...
Loans from big banks or universal and commercial banks, excluding investments in Bangko Sentral ng Pilipinas’ (BSP) reverse repurchase (RRP), grew slower at 11.2 percent from March’s 11.8-percent expansion. Growth in outstanding loans to residents, excluding RRPs, slowed to 11.9 percent in...
Filipino consumers can anticipate a substantial easing of inflation in May this year, according to the latest forecast from the Bangko Sentral ng Pilipinas (BSP). The central bank projects inflation to settle within the range of 0.9 percent to 1.7 percent in May, a significant deceleration...
Department of Tourism (DOT) Secretary Christina Garcia-Frasco received a 92 percent job performance rating in the nationwide “Boses ng Bayan” survey conducted in 2024, ranking her among the Marcos administration’s highest-rated cabinet officials. The independent poll by RP-Mission and...
The buzz and market excitement in the marketplace is being kept up by the price of rice at ₱20 per kilo, which vulnerable sectors in particular areas can avail of right from the start. It’s no longer just a campaign promise but is now being enforced, with the President brushing aside...
All Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) have been ordered to strengthen their risk management procedures by integrating the screening of negative news reports—such as fraud, crime, and scandals involving customers—into their customer due diligence and...
Muntinlupa Mayor Ruffy Biazon continued to implement reforms at the city-run Ospital ng Muntinlupa (OsMun) in Alabang. On May 27, he went to the hospital to inspect a new batch of medical supplies, including medicine and items for hemodialysis. “Bahagi ito ng tuluy-tuloy na reporma sa OsMun...
