More endorsements—from the political arena to the entertainment industry—are coming senatorial candidate Bam Aquino’s way.Celebrities Piolo Pascual, Iza Calzado, and Bea Binene (top) join senatorial candidate Bam Aquino 's motorcade in Metro Manila on May 4, 2025. Photo below is Sulu...
Mactan, Cebu — The Bangko Sentral ng Pilipinas (BSP) may keep borrowing costs steady if inflationary pressures continue and economic growth remains sluggish in the final quarter of the year, the central bank chief said."Our readings indicate that there’s still some inflationary pressure, and the...
Mactan, Cebu — Amid Trump's comeback, the Bangko Sentral ng Pilipinas (BSP) is considering a 25 basis points (bps) reduction in borrowing costs, either in December or at the next Monetary Board (MB) meeting, as the central bank continues its easing cycle, according to an official.During the...
JPMorgan Chase boss Jamie Dimon met with local business leaders and Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. on Wednesday, Sept. 25.The roundtable discussion featured prominent business leaders, including SM Investments Corp. Chairman Amando M. Tetangco Jr., Ayala Corporation...
Once its "Project Agila" ends in January 2025, the Bangko Sentral ng Pilipinas (BSP) will craft a three- to five-year roadmap in preparation for a possible central bank digital currency (CBDC), a top official said.During a breakout session at the Philippine Institute for Development Studies' (PIDS)...
The Bangko Sentral ng Pilipinas (BSP) is planning to transition to a new inflation forecasting model in 2025 for better economic predictions, officials said on Monday, Sept. 9.Currently, the BSP relies on the Multi-Equation Model (MEM) and the Single Equation Model (SEM), which have shown strong...
The Office of the Ombudsman (OMB) has ordered the dismissal of former Albay governor Noel E. Rosal and the one-year suspension of Legazpi City Mayor Carmen Geraldine B. Rosal after they were found guilty of administrative charges involving the reassignment of several department heads in 2022.The...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has been awarded an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards, marking him as one of the top central bank governors in world. In a statement on Monday, Aug. 26, the BSP announced that Remolona,...
German financial services giant Deutsche Bank said that investment growth in the Philippines will likely remain constrained in the near term despite the upcoming easing of the central bank’s restrictive policies.In its Asia Macro Insights report published on Monday, Aug. 26, Deutsche Bank Research...
Biosphere reserves revolve around three main functions: conservation, economic development, and logistic support. They serve as "learning places for sustainable development," and each site seeks to promote solutions for conserving biodiversity. Apayao became the Philippines' fourth biosphere...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said Saturday, July 20, that the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) will give the central bank more teeth in protecting financial consumers.AFASA is a law that will curb and combat...
The Bangko Sentral ng Pilipinas (BSP) has urged the public to be more vigilant against scams involving the use of artificial intelligence (AI) to create or manipulate fake videos and audio. In a statement on Friday, July 12, the BSP said that these AI-manipulated contents are being used to...
