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PH to lose oil, energy if it doesn't protect Recto Bank: Carpio

Gillan Ropero, ABS-CBN News
Updated as of Nov 30 11:56 AM

The Philippines must protect and develop Recto Bank (Reed Bank) as losing it will mean 12 to 14 hours of blackouts, retired Supreme Court justice Antonio Carpio said Tuesday. Read more »

Union Bank's digital bank gets SEC approval

ABS-CBN News
Posted at Nov 29 12:12 PM

Union Bank on Monday said the Securities and Exchange Commission has approved the incorporation of its digital bank UnionDigital. Read more »

Publiko pinag-iingat sa online banking fraud

ABS-CBN News
Posted at Nov 26 01:02 PM

MAYNILA - Karamihan ng mga Pilipino ay gumagamit na online banking para sa kanilang transaksiyon lalo na ngayong panahon ng COVID-19 pandemic. Read more »

DepEd says dealing with 'learning poverty' following WB report

Jaehwa Bernardo, ABS-CBN News
Posted at Nov 24 05:10 PM

The World Bank defines learning poverty as the inability of children to "read and understand simple text by age 10." Read more »

PH posts $1.14-B BOP surplus in Oct, GIR at $107.9-B

ABS-CBN News
Posted at Nov 24 02:25 PM

The Philippines posted a balance of payments surplus of $1.14 billion in October, the Bangko Sentral ng Pilipinas said on Wednesday. Read more »

BSP urges use of digital wallets in gift giving

ABS-CBN News
Posted at Nov 22 01:09 PM

The Bangko Sentral ng Pilipinas said Monday it is encouraging the public to use digital wallets when sending cash gifts this holiday season. Read more »

BSP seen hiking rates by 75 bps in 2022

ABS-CBN News
Posted at Nov 22 11:18 AM

The Bangko Sentral ng Pilipinas will keep its benchmark rate steady this year but is likely to hike rates by 75 basis points next year, Fitch Solutions said on Monday. Read more »

Time for fresh look at China’s unique global donor-borrower role: report

Linda Lew, South China Morning Post
Updated as of Nov 21 06:13 PM

While bringing ample benefits, China’s growing contributions and influence in global organizations like the World Bank and the United Nations should be reconsidered, a new report on China’s international engagement has concluded. Read more »

ADB OKs $600-M loan to boost PH health care program

Jessica Fenol, ABS-CBN News
Posted at Nov 19 04:41 PM

The Asian Development Bank on Friday said it approved a $600 million policy-based loan to aid the country’s health care program. Read more »

World Bank OKs $500-M funding for PH climate response

ABS-CBN News
Posted at Nov 18 08:03 PM

The World Bank has approved a new $500-million credit line to help the Philippines manage risks from climate change, natural disasters, and disease. Read more »

Lacson says to waive bank secrecy if elected president

Katrina Domingo, ABS-CBN News
Posted at Nov 18 03:55 PM

Sen. Panfilo Lacson says he would waive his rights under the Bank Secrecy Law should he win the 2022 presidential race. Read more »

ADB cites PH success in services-led development

Warren de Guzman, ABS-CBN News
Posted at Nov 16 08:25 PM

A study by the ADB cited the Philippines as showing that the services sector can be as important as manufacturing in growing a country’s economy. Read more »

BSP eyeing central bank digital currency use in 'near future'

ABS-CBN News
Updated as of Nov 16 12:57 PM

The Bangko Sentral said it is eyeing the use of central bank digital currencies (CBDC) but for wholesale transactions not retail in the "near future." Read more »

Cash remittances hit $2.7-B in Sept, up 5.2 pct

ABS-CBN News
Posted at Nov 15 06:44 PM

Cash remittances from overseas Filipinos grew 5.2 percent growth to $2.737 billion in September compared to the same month last year, the BSP said. Read more »

ADB urges Philippines to develop clean energy sources

ABS-CBN News
Updated as of Nov 15 02:25 PM

The Philippines has the potential to harvest clean alternative sources of energy while reducing its contribution to global warming, the Asian Development Bank said Monday. Read more »

PH gross int'l reserves at $107.95-B in October

ABS-CBN News
Posted at Nov 12 03:05 PM

The Philippines' gross international reserves level rose to $107.95 billion as of the end of October, the central bank said Friday. Read more »

FDI net inflows hit $812-M in August, up 19.8 pct

ABS-CBN News
Posted at Nov 10 08:31 PM

The Philippines booked $812 million in net inflows of foreign direct investments in August, up 19.8 percent from the same month last year, the BSP said. Read more »

BSP says national ID 'valid', sufficient proof of identity

ABS-CBN News
Posted at Nov 09 11:52 AM

Banks should recognize the new Philippine Identification System (PhilSys) ID or the national ID as sufficient proof of identity, the BSP said. Read more »

Basic deposit accounts up 51 percent in first quarter: BSP

ABS-CBN News
Posted at Nov 08 11:11 AM

Basic Deposit Accounts (BDAs) in the first quarter of 2021 rose by 51 percent to 7 million from 4.6 million in the same period last year, the central bank said Monday. Read more »

BSP sees inflation easing in 'coming months'

ABS-CBN News
Posted at Nov 04 06:45 PM

Inflation is expected to ease in the coming months as the government implements measures to address supply issues, said the Bangko Sentral. Read more »