Business groups have thrown support for the private schools which have been hard-hit by the economic impact of the COVID-19 pandemic and are now facing a 150-percent increase in income tax rate. At the recent virtual forum hosted by think tank Stratbase Albert del Rosario Institute, a coordinating...
The peso closed lower at P49.50 to the US dollar Tuesday (July 6) from P49.24 the previous day. The weighted average rate depreciated to P49.411 from P49.229. Total volume amounted to $1.068.28 billion according to the Bankers Association of the Philippines.
The Philippine Red Cross (PRC) on Tuesday, July 6, expressed gratitude to the Bangko Sentral ng Pilipinas (BSP) after receiving a monetary donation worth P15 million. PRC Chairman and Chief Executive Officer (CEO) Senator Richard Gordon (right) thanked BSP Chairman Benjamin Diokno for the P15...
The peso closed lower at P49.24 to the US dollar Monday (July 5)  from P49.20 last Friday. The weighted average rate depreciated to P49.229 from P49.166. Total volume amounted to $1.073.89  billion according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) said it is improving its stress testing exercises to make it more granular to strain each banks’ risks or exposures. The BSP in a report said it could be crucial to have a more granular review and assessment of the COVID-19 pandemic’s impact on individual...
The Bangko Sentral ng Pilipinas (BSP) said it is improving its stress testing exercises to make it more granular to strain each bank’s risks or exposures. The BSP in a report said it could be crucial to have a more granular review and assessment of the COVID-19 pandemic’s impact on individual...
The Bangko Sentral ng Pilipinas (BSP) securities or 28-day BSP bills received P158.20 billion tenders on Friday, about 1.58x oversubscribed against its P100 billion offer. The oversubscription is higher than last week’s 1.36x or P135.3 billion bids. BSP Deputy Governor Francisco G. Dakila Jr....
The Bangko Sentral ng Pilipinas (BSP) has increased to $2.4 billion its multilateral and bilateral borrowing contribution to the International Monetary Fund (IMF) after it has doubled its participation in the New Arrangements to Borrow (NAB), the IMF's credit facility. Based on the BSP report, the...
As the Bangko Sentral ng Pilipinas (BSP) celebrates its 28th anniversary today, it is proud that it has become “greener” and has embraced the principles of sustainable development. Last year, when the BSP too was in lockdown, its officials started drafting its pandemic-proof Sustainable Central...
The morale and outlook of business and consumer sectors are in different directions with the former tending on a weak confidence level while the latter is on the optimistic side. Based on the Bangko Sentral ng Pilipinas’ (BSP) latest Business Expectations Survey (BES), the business confidence...
The peso closed lower at P49.20 to the US dollar Friday, (July 2) from P49.11 the previous day. The weighted average rate depreciated to P49.166 from P49.004. Total volume amounted to $956 million according to the Bankers Association of the Philippines.
The Philippines’ net external liability position improved in the first quarter this year, it was down by 24.1 percent to $15.3 billion as of end-March from $20.2 billion of the previous quarter (end-December 2020). “This improvement was mainly due to the 3.3 percent decrease in the...
