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‘Too big to fail’ banks remain on solid footing despite pandemic: BSP

Warren de Guzman, ABS-CBN News
Posted at Jun 10 08:56 PM

The Bangko Sentral ng Pilipinas said it is monitoring the health of banks considered “too big to fail” but sees no cause for worry despite the disruptions caused by the COVID-19 pandemic. Read more »

Foreign direct investments hit $808 million in March: BSP

ABS-CBN News
Updated as of Jun 10 11:19 AM

Foreign direct investment net inflows hit $808 million in March 2021, higher by 139.5 percent compared to $337 million in the same month last year, the Bangko Sentral ng Pilipinas said Thursday. Read more »

BSP opens design competition for new complex at New Clark City

ABS-CBN News
Posted at Jun 08 12:33 PM

The Bangko Sentral ng Pilipinas will open Tuesday the design competition for its new complex in New Clark City, its chief said.   Read more »

Opening up PH economy 'good,' says BSP after approval of economic cha-cha

ABS-CBN News
Updated as of Jun 08 10:32 AM

Opening up the country's economy to foreign investors is "by and large good," the Bangko Sentral ng Pilipinas said Tuesday on proposals to loosen restrictive economic provisions in the Constitution. Read more »

Unspent money, vaccination program seen to 'perk up' economy: BSP Gov. Diokno

ABS-CBN News
Posted at May 31 03:57 PM

Unspent money and the government's vaccination plan could stimulate economic activities, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.  Read more »

Philippines posts $2.6 billion BOP surplus in April

ABS-CBN News
Posted at May 26 06:31 PM

The Philippines posted a balance of payments surplus of $2.61 billion in April, higher than the $1.67 billion BOP surplus recorded in the same month last year, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Ninoy Aquino is not the first Filipino to appear in the 500 Philippine peso denomination

ANCX Staff
Updated as of May 24 08:59 PM

A new book from distinguished historian Ambeth Ocampo will make us reevaluate how we view our money    Read more »

BSP chief says Philippines won’t exceed debt thresholds

Warren de Guzman, ABS-CBN News
Posted at May 20 05:03 PM

The Philippines' debt situation is under control and the country will not exceed its borrowing threshold, the head of the Bangko Sentral ng Pilipinas said on Thursday.  Read more »

Nomura sees remittances growing 5.1 percent this year

ABS-CBN News
Posted at May 18 04:30 PM

Remittances from overseas Filipinos may grow 5.1 percent this year after declining 0.8 percent in 2020, according to international financial services company Nomura.    Read more »

Cash remittances hit $2.5 billion in March, up 4.9 percent

ABS-CBN News
Posted at May 17 04:17 PM

Cash remittances from overseas Filipinos rose 4.9 percent to $2.514 billion in March, from $2.397 billion in the same month last year, the Bangko Sentral ng Pilipinas said on Monday. Read more »

Bangko Sentral says GIR level hit $107.25 billion in April

ABS-CBN News
Updated as of May 14 03:58 PM

The Philippines' gross international reserves (GIR) level reached $107.25 billion as of the end of April, the Bangko Sentral ng Pilipinas said Friday. Read more »

Bangko Sentral keeps key rate steady to support recovery

ABS-CBN News
Updated as of May 12 09:01 PM

The BSP kept its overnight reverse repurchase rate at a record low of 2 percent as the Philippines continued to struggle with the surge in COVID-19 cases that threatens economic recovery.  Read more »

PH books $608 million FDI net inflows in Feb

ABS-CBN News
Posted at May 10 05:33 PM

The Philippines booked $608 million in net inflows of foreign direct investments in February, the Bangko Sentral ng Pilipinas said on Monday. Read more »

BSP to keep rates steady; economy remaining in recession: Reuters poll

Reuters
Posted at May 10 03:59 PM

The Bangko Sentral ng Pilipinas is expected to keep its benchmark interest rate at a record low on Thursday, after the economy likely contracted for a fifth straight quarter in the January to March period, a Reuters poll showed. Read more »

Bangko Sentral 'studying' central bank-issued digital currency, says Deputy Gov

ABS-CBN News
Posted at May 07 11:13 AM

The Bangko Sentral ng Pilipinas is "studying" central bank-issued digital currencies and comparing notes with its counterparts to see its viability, an official said Friday.    Read more »

Dissecting Data: Inflation steady in April, but transport and meat costs still threats

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at May 05 04:01 PM

There are troubling trends that will present challenges to consumers in the coming months.   Read more »

Mga tumatangkilik sa digital payment dumarami

ABS-CBN News
Posted at May 04 10:01 PM

Kasabay ng pandemya, dumami rin ang tumangkilik sa digital at electronic payments sa bansa. Read more »

Approved public sector foreign loans in Q1 reach $2.84 billion: BSP

ABS-CBN News
Updated as of May 03 12:11 PM

The Monetary Board has approved a total of $2.84 billion of public sector foreign borrowings in the first quarter of 2021, the Bangko Sentral ng Pilipinas said Monday.   Read more »

Inflation likely within 4.2 to 5 pct in April: Bangko Sentral

ABS-CBN News
Updated as of Apr 30 03:02 PM

MANILA - Inflation likely settled within the 4.2 percent to 5 percent range for the month of April or still above the government's target band, the Bangko Sentral ng Pilipinas said Friday.   Read more »

Overseas Filipino Bank, 3 others vying to be digital banks: BSP

Warren de Guzman, ABS-CBN News
Posted at Apr 29 05:19 PM

Four banks, including a state-run firm, are currently applying for digital banking licenses, the Bangko Sentral ng Pilipinas said Thursday, as digital transactions continue to grow in the country.    Read more »