The peso closed  higher  at P48.48 to the US dollar Friday   from P48.60  the previous day.  The weighted average rate appreciated  to P48.587  from P48.589. Total volume amounted to $889.6  million, according to the Bankers Association of the...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the National Government’s $3.919 billion foreign borrowings in July to September, up 47.69 percent from same period last year of $2.654 billion. The approved foreign borrowings in the third quarter include five project loans...
The central bank is requiring banks to submit a quarterly report on appraised commercial properties (QRACP) to be used for its price monitoring of commercial real estate. The Bangko Sentral ng Pilipinas (BSP), in a new memo or Circular No. 1102, said the QRACP will be the groundwork to generate a...
The Bangko Sentral ng Pilipinas (BSP) will not be issuing its own central bank digital currency (CBDC) in the next three or five years, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) When asked if the BSP could come...
COVID-19 impact milder than expected Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the contraction in remittances and the slowdown in foreign direct investments (FDI) is not as worse as they originally projected. “The impact of COVID-19 on the inflows of OF (overseas...
The Bangko Sentral ng Pilipinas (BSP), still not offering 28-day term deposit facility (TDF) this week, received oversubscribed tenders of P518.88 billion versus offer of P490 billion. The Wednesday auction for the 7-day tenor attracted P225.95 billion bids against a P220 billion offering...
The local stock market recovered from early profit taking due to the improvement in COVID-19 numbers as well as prospects of a US stimulus package. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC).(Bloomberg file photo)...
The peso closed  lower at P48.60 to the US dollar Thursday  from P48.585  the previous day. The weighted average rate depreciated  to P48.59  from P48.589. Total volume amounted to $614.4  million, according to the Bankers Association of the...
The Bangko Sentral ng Pilipinas (BSP) is giving banks more time to submit a transition analysis on the management of interest risk in the banking book (IRRBB) that will include how they will handle stress due to changes in IRRBB exposures. MB File The circular on IRRBB was approved by the Monetary...
Keeps accommodative policy MB File Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is seeing continued demand for loans and banks’ “appetite” to lend despite that loan growth slowed in August because of risk aversion during the pandemic. Big banks’ outstanding loans as...
The peso closed P48.60 to the US dollar today, higher from P48.625 last Friday, according to the Bankers Association of the Philippines. The weighted average rate appreciated to P48.578 from P48.634. Total volume amounted to $508.41 million.
The central bank wants digital bank players that will be “tenacious” or strong enough to withstand risks such as fraud and cyberattacks, and that these online-only banks will last a long time. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg ) “We will put...
