President Marcos expressed confidence that the Philippines is on track for recovery by next year as he met with Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona to discuss the latest monetary policy decision and the country’s economic trajectory. This came as the administration continues...
Executive Secretary Ralph G. Recto is set to recommend his successor as the government’s representative on the powerful seven-member Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP), naming newly appointed Finance Secretary Frederick D. Go for the influential post. Recto, who...
The interagency Financial Stability Coordination Council (FSCC) is working to establish standardized rules for bond pricing as part of a push to refine open capital market operations. “As part of its capital market development efforts, the FSCC is working to establish a standardized bond pricing...
Metropolitan Bank & Trust Co. (Metrobank) has rolled out its integrated withdrawal and deposit machines (WDMs) to boost transaction efficiency and expand its “phygital” footprint in the country. In a statement, Metrobank, said the new self-service terminals, which fuse two primary banking...
With a vibrant spirit and a heart brimming with ambition, Myrna Esguerra from Abra embarked on a remarkable journey as the representative of the Philippines at the 63rd Miss International beauty pageant in Tokyo, Japan, on Nov. 27. After more than a year of meticulous preparation, Myrna now stands...
The Bangko Sentral ng Pilipinas (BSP) is expected to deliver a quarter-point interest rate cut next month, but an economist warned the move would not restore lost government credibility or offset the impact of corruption amid expectations of further economic slowdown. Union Bank of the Philippines...
The total resources of the Philippine financial system soared to a record ₱35.58 trillion in the first nine months of the year, driven by the recent lowering of key borrowing costs. According to preliminary data from the Bangko Sentral ng Pilipinas (BSP), the increase of ₱2.18 trillion, or 6.5...
BACOLOD CITY – A rising volleyball player was killed in a motorcycle-bus collision two days after his 21st birth anniversary in Barangay Zone 2, Cadiz City, Negros Occidental on Tuesday, Nov. 11. Police identified the victim as Ike Andrew Barilea of Alas Pilipinas Volleyball Team. Police Lt....
The Philippine gaming sector’s high-speed growth was decelerated sharply in the third quarter, with industry-wide gaming revenue (GGR) plateauing at ₱94.51 billion, a nominal decline from ₱94.61 billion a year earlier. In a statement on Tuesday, Nov. 11, Alejandro H. Tengco, Pagcor chairman...
The local banking industry’s total earnings climbed in the first three quarters of the year, driven by the sharp increase in income generated from both core lending activities and fee-based businesses, despite higher provisioning for future losses. Data from the Bangko Sentral ng Pilipinas (BSP)...
Sluggish Philippine economic growth, compounded by a wider trade deficit and a less interventionist Bangko Sentral ng Pilipinas (BSP), is expected to weigh on the peso’s recovery, potentially overriding the lift from expected easing of United States (US) interest rates. Dutch financial firm ING...
Fresh highs in gold reserves pushed the Philippines’ gross international reserves (GIR)—the country’s stock of United States (US) dollars and other foreign currencies—to its highest level in one year, its strongest since October 2024. Preliminary data from the Bangko Sentral ng Pilipinas...
