The Bangko Sentral ng Pilipinas (BSP) is placing a new constraint on large-value cash transactions, mandating that bank and non-bank financial institutions limit cash withdrawals and other payouts to a maximum of ₱500,000, or its foreign currency equivalent. According to BSP, the move, which is a...
DAVAO CITY – Vice President Sara Duterte said on Thursday, Sept. 18, that the Partido Demokratiko Pilipino-Lakas ng Bayan has been inviting her to join the party. “Almost every week, they talk to me and invite me to join their party. I thought it might be better not to join any party. That way,...
The Bangko Sentral ng Pilipinas (BSP) plans to overhaul its reporting governance framework by imposing higher penalties on banks based on their asset size for lapses in regulatory compliance. Instead of flagging reporting violations, the BSP is establishing clear criteria that banks should adhere...
Senate Majority Leader Juan Miguel “Migz” Zubiri expressed concern over the absence of any law that caps interest rates on online lending applications, warning that the gap leaves millions of Filipinos exposed to predatory practices. At the hearing of the Senate Committee on Games and...
The Philippines has been placed on a positive watchlist by J.P. Morgan Chase & Co. for potential inclusion in its influential emerging market government bond index, a move that could attract a new wave of foreign investment and lower the nation 's borrowing costs. In a statement on Monday,...
BACOLOD CITY – The Police Regional Office-Negros Island Region (PRO-NIR) recognized the exemplary performance and bravery of an anti-drug operative injured in a road accident during a buy-bust operation in Barangay Mansilingan here on Thursday, Sept. 11. Police Brig. Gen. Arnold Thomas Ibay,...
The Philippines’ current account deficit widened to $9.18 billion in the first half of 2025, a 13.6 percent increase from $8.08 billion in the same period a year earlier. According to the latest data from the Bangko Sentral ng Pilipinas (BSP), the deficit was driven by imports outpacing exports...
Shareholders of Liberty Flour Mills Inc. have requested that the Securities and Exchange Commission intervene and investigate alleged irregularities involving the company, as well as the ₱804.7 million in uncollected receivables from its distributor, Parity Values Inc. (PVI). Through their...
The Department of Labor and Employment (DOLE) will distribute approximately P559 million in assistance and open 98,282 employment opportunities through simultaneous job fairs and cash payouts under its “Handog ng Pangulo 2025” program on Saturday, Sept. 13. DOLE said the initiative, held in...
Net inflows of brick-and-mortar foreign direct investments (FDI) into the Philippines only increased to $376 million, marking its lowest hike in six months since the $356 million in December last year. Net FDI inflows declined by 17.8 percent from $457 million in June last year, according to the...
Uncertainty over price movements could delay the Bangko Sentral ng Pilipinas’ (BSP) next 25-basis-point (bps) policy rate cut to December, according to American banking giant Citi. “Barring a significant growth shock, the immediate uncertainty on inflation could push the [monetary policy...
Higher gold prices globally, coupled with the central bank’s investment income, helped the Philippines’ gross international reserves (GIR)—its stock of United States (US) dollars and other foreign currencies—recover last month from its modest decline in July. Preliminary data from the...
