The Bangko Sentral ng Pilipinas (BSP) is conducting a gender-focused demand-side survey on the micro, small and medium enterprises (MSME) sector in aid of appropriate policies that will benefit and cater to women who run MSMEs. The survey, to be released in the fourth quarter this year, intends to...
The government has issued the Implementing Rules and Regulations (IRR) of Republic Act No. 11523, or the Financial Institutions Strategic Transfer (FIST) Act which will regulate the sale of non-performing assets of banks. The IRR was issued by the Securities and Exchange Commission (SEC),...
The peso closed lower  at P48.545 to the US dollar Tuesday, (March 30)  from P48.415 the previous day. The weighted average rate  appreciated  to P48.466 from P48.475. Total volume amounted  to $770.67  million, according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) issued a warning on Tuesday that banks should not only ensure cash availability and uninterrupted digital services during the long Lent weekend, but to also watch out for cyberattacks which normally increase on extended holidays. BSP Deputy Governor Chuchi G....
The Bangko Sentral ng Pilipinas (BSP) issued a clarification Monday that there will be no grace period for loan payments during the seven-day enhanced community quarantine (ECQ) status while on Holy Week break. The BSP told banks who made the inquiry that the 30-day grace period under the Bayanihan...
The Bangko Sentral ng Pilipinas (BSP) issued a clarification Monday that there will be no grace period for loan payments during the seven-day enhanced community quarantine (ECQ) status while on Holy Week break. The BSP told banks who made the inquiry that the 30-day grace period under the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government’s non-monetary measures such as reducing import tariff on pork may pull the inflation forecast lower to below four percent this year. Last week, the Monetary Board raised the average inflation forecast for 2021 to...
The central bank’s Friday auction of 28-day securities fetched a lower rate amid demand, it received P109 billion tenders versus offer of P70 billion. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said demand for BSP bills reflects excess liquidity and market...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno assured foreign investors that the foreign exchange environment will continue to be stable and he sees no threats to the Philippine peso, making the country an attractive investment location still. “The peso is sound and there’s no...
Residential real estate prices went up by 0.8 percent year-on-year as of end-fourth quarter 2020, boosted mostly by property price increases in areas outside of the National Capital Region (NCR) as homebuyers are favoring provincial locations over developed cities amid the pandemic. Based on a...
Inflation rate forecasts upgraded The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) kept its policy rate at two percent during Thursday’s policy meeting but it raised its inflation rate forecasts for 2021 and 2022 due to rebounding oil prices as the world economy recovers. This is...
The peso closed higher at P48.58 to the US dollar Thursday, (March 25)  from P48.665 the previous day. The weighted average rate  appreciated  to P48.631 from P48.681. Total volume amounted  to $691.29 million, according to the Bankers Association of the Philippines.
