While the Bangko Sentral ng Pilipinas (BSP) remains firm on intervening in the foreign exchange (forex) market only when it becomes inflationary, its chief said this threshold has been lowered, citing the central bank’s credibility. BSP Governor Eli M. Remolona Jr. told CNBC on Friday, April 10,...
Net inflows of brick-and-mortar foreign direct investments (FDI) in the Philippines fell to $443 million in January from $729 million a year ago, as rising geopolitical risks weighed on investor sentiment at the start of the year. This marks the lowest level in four months since the $316 million...
Philippine banks’ bad loan ratio climbed to 3.33 percent in February, marking its highest level in six months—a level that remains manageable but still warrants closer monitoring if higher interest rates persist. According to the latest Bangko Sentral ng Pilipinas (BSP) data, the banking...
Previously capping loan terms at five years at most, the Bangko Sentral ng Pilipinas (BSP) has moved to amend this rule, proposing a principles-based approach where loan length will be based on a comprehensive assessment of a borrower’s creditworthiness. Under a draft circular, which is...
DAVAO CITY – Vice President Sara Duterte expressed concern over foreign policy, insurgency, and the status of the Bangsamoro peace process in Mindanao on Araw ng Kagitingan on Thursday, April 9. The Vice President, speaking during a wreath-laying ceremony at the Veterans Memorial Monument here...
ZAMBOANGA CITY – This city commemorated the 84th Araw ng Kagitingan on Thursday, April 9, with a program honoring World War II heroes at the Freedom Fighters Memorial Shrine Plaza. Mayor Khymer Olaso led this year’s observance with the theme “Giting ng Bayani, Pamana sa Salinlahi.” Local...
British banking giant Barclays sees the Bangko Sentral ng Pilipinas (BSP) holding key interest rates steady at this month’s policy meeting before possibly hiking in June, in a bid to support the already weak economic growth outlook even prior to the war in the Middle East. “With the ceasefire...
British banking giant Barclays sees the Bangko Sentral ng Pilipinas (BSP) holding key interest rates steady at this month’s policy meeting before possibly hiking in June, in a bid to support the already weak economic growth outlook even prior to the war in the Middle East. “With the ceasefire...
Continued vigilance over the persistent risks to the Philippine sovereign position is the vow the Bangko Sentral ng Pilipinas (BSP) has pledged after debt watcher S&P Global Ratings downgraded its outlook to ‘stable’ from ‘positive.’ S&P on Wednesday, April 9, revised the Philippines’...
Vice President Sara Duterte insisted that the current state of the nation has failed Filipino soldiers, citing the absence of a clear and independent foreign policy. "Sadly, the state of our nation today reveals how we failed the Filipino soldier," Duterte said in her speech during the...
This Araw ng Kagitingan, as Filipinos honor the courage of soldiers who fought for freedom, a group of heritage advocates wages a quiet battle of their own- defending houses that have carried the soul of Manila for 150 years. In the heart of Quiapo, the De Jesus‑Del Rosario‑Lucena House faces...
The Department of Labor and Employment (DOLE) has released a guideline on the computation of payment, especially for employees who would report to work during the Araw ng Kagitingan on April 9, Thursday. In a labor advisory released on Thursday, DOLE said that even if the employee does not work,...
