Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said efforts to continue to develop the domestic capital market have not been diminished by the COVID-19 pandemic. Diokno said capital market reforms being implemented and other measures to further deepen the capital market are...
Senator Grace Poe on Thursday, July 1, asked the Anti-Money Laundering Council (AMLC) for a report on its efforts and the challenges it is facing to have the Philippines removed from the list of countries tagged as high risk for money laundering and terrorist financing. Senator Grace Poe Poe,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday, (July 1) that the Philippines will actively pursue its exit from the ‘grey list’ of the global anti-money laundering watchdog, Financial Action Task Force (FATF), and will closely monitor its impact on the economy....
The peso closed lower at P49.11 to the US dollar Thursday, (July 1)  from P48.80 the previous day. The weighted average rate depreciated to P49.004 from P48.704. Total volume amounted to $1.348.89 billion according to the Bankers Association of the Philippines.
The peso closed lower at P48.80 to the US dollar Wednesday (June 30) from P48.50 the previous day. The weighted average rate depreciated to P48.704 from P48.544. Total volume amounted to $1.105. 55 billion according to the Bankers Association of the Philippines.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Monday reiterated his call for a more prominent Asia regional stance when it comes to discussions of global systemic risks amid the pandemic-cum-recession woes. Diokno made this statement after he was appointed for a second term as...
The peso closed lower at P48.645 to the US dollar Monday, (June 28)  from P48.481 last Friday. The weighted average rate depreciated to P48.604 from P48.57. Total volume amounted to $999.3 million according to the Bankers Association of the Philippines.
It will take as long as two years before the Philippines can be taken out of the “grey list” of dirty money watchdog Paris-based Financial Action Task Force (FATF), according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno said the Philippines’ delisting from the grey...
Housing prices fell by 4.2 percent year-on-year in the first quarter, pulled down by a decline in the residential property prices in the National Capital Region (NCR) because of subdued demand during the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). The BSP’s first quarter...
There are five foreign banks that are expected to apply for digital bank license with the Bangko Sentral ng Pilipinas (BSP) soon, according to a senior BSP official. “The BSP received expressions of interest (EOI) from around five foreign banks abroad and already operating in the country...
The auction of 28-day Bangko Sentral ng Pilipinas (BSP) securities attracted P135.73 billion bids, 1.36x more than offer of P100 billion. During Friday’s auction, the average rate of the BSP bills slightly moved up to 1.8158 percent from 1.8109 percent last June 18. “The weighted average...
The Philippines is again placed in the “grey list” of Paris-based Financial Action Task Force (FATF), one of 22 countries found with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies, which raises the risk of “dirty money” transactions on trade...
