The Philippines’ gross international reserves (GIR) or its stock of United States (US) dollars and other foreign currencies, dropped to $105.3 billion at end-July, from $106 billion in June, according to data from the Bangko Sentral ng Pilipinas (BSP). The central bank attributed the slight...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
Gilas Pilipinas was off to a rough start in its 2025 FIBA Asia campaign, dropping a 95-87 decision against Chinese Taipei in its opening game at the King Abdullah Sports City in Jeddah, Saudi Arabia in the wee hours of Wednesday, Aug. 6. A lethargic start that saw the Filipinos trail by as many as...
To finance road and flood control projects, the Bangko Sentral ng Pilipinas (BSP) has approved a total of $4.89 billion worth foreign borrowings in the second quarter of 2025, higher by more than a quarter from $3.90 billion in the same period last year. According to the BSP, the approved...
Loans from big banks or universal and commercial banks (UK/Bs), excluding investments in the central bank’s reverse repurchase (RRP), grew by a faster 12.1 percent in June from May’s 11.3-percent expansion. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released on...
Alas Pilipinas fell short of its target of improving its bronze medal finish in the recent 5th SEA V.League Leg 1, but its bevy of talent, especially its core of young stars, has managed to impress the region with its skill and huge potential. The Nationals thumped Indonesia, 25–20, 25–20,...
Mobile payment providers Apple Pay and Google Pay will not need to register with the Bangko Sentral ng Pilipinas (BSP) if they plan to enter the Philippine market, as the central bank does not qualify them as operators of payment systems (OPS). BSP Deputy Governor Mamerto Tangonan stated that the...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
Senate Majority Leader Joel Villanueva has called on the Bangko Sentral ng Pilipinas (BSP) to intensify its regulatory efforts against online lending applications, which have been linked to the growing incidence of cybercrimes and the rise of online gambling in the country. In a recent statement,...
Alas Women showed off a glimpse of a promising future but eventually yielded to the volleyball queens of Southeast Asia. The Nationals went off to a strong start before losing their momentum and bowed to reigning champion and host Thailand, 25-17, 24-26, 20-25, 20-25, on the opening day of the 5th...
With rice prices still seen to have dropped further recently, the central bank has forecast that increases in consumer prices likely slowed even more in July, following the five-and-a-half-year lows of 1.4 percent in June and 1.3 percent in May. As such, private-sector economists said that the...
Alas Pilipinas faces a stern test when it battles regional powerhouse and host Thailand on the opening day of the 2025 Southeast Asia (SEA) Women’s V.League Leg 1 in Nakhon Ratchasima Friday, Aug. 1. Almost four weeks since their last international stint that ended in a fourth-place finish in VTV...
