The Bangko Sentral ng Pilipinas (BSP) received P685.08 billion of tenders for its two-tenor term deposit facility (TDF) auction against offer of P480 billion. The average rate for the 7-day TDF fell by 1.522 basis points (bps) to 1.8280 percent while the 14-day rate also decreased by 1.716 bps to...
Big banks’ outstanding loans continue to decline by 2.7 percent year-on-year in February, worse than 2.5 percent in January as both banks and borrowers shy away from releasing and availing of loans while COVID-19 cases are still on the high side and delaying economic recovery. “Credit...
The peso closed higher  at P48.53 to the US dollar Wednesday, (March 31)   from P48.545 the previous day. The weighted average rate  depreciated  to P48.544 from P48.466. Total volume amounted  to  $933.19 million, according to the Bankers Association of the...
Central banks around the world should have more focus on resolving the debt problems of both businesses and households resulting from the COVID-19 pandemic, according to a Bangko Sentral ng Pilipinas (BSP) official. “COVID is a heavy cost to society but, in the financial markets, debt exposures...
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...
