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The Bangko Sentral ng Pilipinas (BSP) is proposing to allow banks to set up their own satellite broadband similar to Bank Rakyat of Indonesia’s $250 million satellite for its digital or branchless operations.

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 Bangko Sentral ng Pilipinas (BSP), which has returned to stricter health protocols with the recent increase in COVID-19 cases, is reminding banks to do the same while movement restrictions are in place to stem the more infectious virus-variants transmission.

The Bangko Sentral ng Pilipinas (BSP) will likely consider the withdrawal of COVID-19 monetary and banking policy interventions after mid-2022 when the economy is expected to have returned to pre-pandemic growth levels, and assuming herd immunity against the virus has been achieved around the same time.

The Bangko Sentral ng Pilipinas (BSP) has increased the number of national IDs it will print this year to 70 million from the previous target of 45 million, according to its highest-ranking official.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the inflation rate will reach its peak in the second quarter months of April to June and that so far, there is limited evidence of second-round effects.

Philippines’ foreign assets reached $109.082 billion as of end-February, higher than $108.673 billion in January, the Bangko Sentral ng Pilipinas (BSP) reported.

Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020.

Local share prices rose on continued bargain hunting on the back of gains in the US bourses overnight.

The Bangko Sentral ng Pilipinas (BSP) is projecting inflation to rise to 4.7 percent in February versus 4.2 percent in January.

The local stock market bounced back to the 7,000 level  as global  stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. 

The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold.

The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. 

Consumer advocacy group Laban Konsyumer Inc. (LKI) said the higher fees in the use of ATM (automated teller machines) will benefit big banks and marginalize the small ones.

The Philippine stock market gained a little more ground as investors are cautiously becoming more optimistic because of developments here and overseas.

The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank.

The local stock market chalked up some gains as losers investors were encouraged by a new US stimulus package and the arrival of vaccines in the Philippines.

The PSEi managed to wipe out early losses to end in positive territory as investors were quick to buy back shares.