The Philippine Navy (PN) and Philippine Coast Guard (PCG) will take part in all major events during the sea phase of this year’s Rim of the Pacific (RIMPAC) Exercise, with the United States highlighting Manila 's growing role in the world 's largest multinational maritime drills. Rear...
Despite headline inflation easing further to 6.4 percent in June, the Bangko Sentral ng Pilipinas (BSP) warned that price pressures from global oil prices remain strong, assuring the public that it stands ready to take the necessary policy actions to steer inflation back to its three-percent...
The Philippine economy retains the capacity to absorb further monetary tightening even as it navigates a prolonged growth slowdown, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said. Remolona said during a media briefing on Monday, July 6, that a potential 25-basis-point interest...
The Bangko Sentral ng Pilipinas (BSP) is delaying the selection of four new digital banking players as it seeks to reconcile conflicting regulatory tracks for different types of applicants. While the market anticipated the entry of the new digital lenders as early as the first quarter, BSP Governor...
The central bank is grappling with an “unusual” inflation shock following the historic ₱85 daily minimum wage hike in Metro Manila, though a hyper-aggressive policy response is unlikely, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. On the sidelines of a BSP book...
Bangko Sentral ng Pilipinas Governor (BSP) Eli Remolona Jr. expects a broader wave of lenders to slash or eliminate fund transfer costs, following aggressive fee waivers by some of the country’s largest banking institutions ahead of a strict weekend regulatory deadline. Speaking at a BSP book...
Climbing to upper-middle-income-country (UMIC) status comes with a trade-off: the Philippines faces a looming decline in access to concessional official development assistance (ODA), or low-interest loans extended by the country’s multilateral and bilateral development partners. However, for...
Zobel-led Bank of the Philippine Islands (BPI) is executing a major expansion of its retail footprint by leveraging a network of more than 7,000 partner storefronts nationwide, bypassing the traditional costs associated with building physical branches and deploying automated teller machines. In a...
Following the successful technical testing of the Bangko Sentral ng Pilipinas’ (BSP) wholesale central bank digital currency (wCBDC), which demonstrated the feasibility of 24/7 interbank fund transfers, the BSP is planning to formulate a roadmap to further explore and refine the technology’s...
Year after year, global fashion brand H&M gifts shoppers with major drops in collaboration with legendary fashion houses and designers. Not only do these collections offer fashion enthusiasts access to coveted designer aesthetics, but they also create cultural moments that generate excitement far...
When Anna Wintour became the editor-in-chief of American Vogue, she marked her leadership with a cover that broke magazine tradition. On the cover of the November 1988 issue was Israeli model Michaela Bercu dressed in a Christian Lacroix haute couture jacket and Guess jeans. The image signaled a...
President Marcos’ economic managers are poised to lower the country 's economic growth targets as the lingering effects of state underspending, an infrastructure corruption scandal, and external inflationary pressures weigh down the near-term outlook. In an interview on TV5’s Money Talks,...
