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PH dollar reserves up to $109.8 billion in December: BSP

ABS-CBN News
Posted at Jan 15 03:42 PM

MANILA - The country's gross international reserves (GIR) for the whole year of 2020 rose to $109.8 billion in December, up $4.98 billion from $104.82 billion the month earlier.   Read more »

For many, COVID-19 has changed the world of work for good

Jane Wardell and Conway Gittens, Reuters
Posted at Jan 13 02:27 AM

The upheaval in global labor markets triggered by the coronavirus pandemic will transform the working lives of millions of employees for good, policymakers and business leaders told a Reuters virtual forum on Tuesday. Read more »

Bangko Sentral sees solid rebound for pandemic-hit economy

ABS-CBN News
Updated as of Jan 12 03:31 PM

The worst is over for the pandemic-hit Philippine economy, and a "remarkable rebound" is expected this year, the head of the Bangko Sentral ng Pilipinas said on Tuesday. Read more »

PH economic recovery to be slower than neighbors: HSBC economist

ABS-CBN News
Posted at Jan 12 02:28 PM

The Philippines is likely to experience slower economic recovery compared to its Asian peers, due to the slow recovery of services sector which is a major contributor to its growth, an economist said Tuesday. Read more »

LIST: BSP updates list of banks extending free transfers for 2021

ABS-CBN News
Posted at Jan 12 01:58 PM

The Bangko Sentral has updated its list of local banks extending the free interbank transfers this year through PESONet and InstaPay. Read more »

Foreign investments down to $423 million in October on resurgence of COVID-19 cases

ABS-CBN News
Posted at Jan 08 05:01 PM

Foreign direct investments to the Philippines reached $423 million net inflows in October, a 24.5-percent drop versus a month ago on increasing COVID-19 cases, the Bangko Sentral ng Pilipinas said on Friday. Read more »

BSP to keep rates low, says inflation 'least' of worries

ABS-CBN News
Posted at Jan 05 11:53 AM

The Bangko Sentral intends to keep interest rates low for “many quarters to come” and that inflation was the “least” of its worries despite consumer prices rising at their fastest pace since March 2019.  Read more »

December inflation likely below BSP forecast, new rate cut also possible: economist

ABS-CBN News
Posted at Jan 04 03:32 PM

The Philippine economy and inflation are seen to settle below government targets as the country remains to have overall weak demand, an economist said Monday. Read more »

Bangko Sentral sees December inflation within 2.9 to 3.7 pct

ABS-CBN News
Posted at Dec 29 03:18 PM

The BSP said higher prices of domestic petroleum products and key agricultural items contributed to upward price pressures during the month.    Read more »

BSP tips: How to spot counterfeit money

ABS-CBN News
Posted at Dec 28 11:14 PM

MANILA - The Bangko Sentral ng Pilipinas on Monday gave the public some tips to detect counterfeit bills without using any machine. Read more »

Pagawaan ng pekeng pera sa Sampaloc sinalakay, 3 arestado

ABS-CBN News
Posted at Dec 28 08:22 PM

Panawagan sa publiko, maging mapanuri dahil karaniwang lumalaganap ang pekeng pera sa holiday season. Read more »

Bangko Sentral adopting new logo with 'full bodied' Philippine eagle next year

ABS-CBN News
Posted at Dec 28 07:35 PM

The Bangko Sentral ng Pilipinas on Monday said it is introducing a new logo next year "in keeping with the changing times." Read more »

PH books $227-M 'hot money' net inflows in November

ABS-CBN News
Posted at Dec 28 07:23 PM

The Philippines booked $227 million in net inflows of foreign portfolio investments or "hot money" in November, the Bangko Sentral ng Pilipinas said on Monday. Read more »

PH gross international reserves rise to $104.8-B in November

ABS-CBN News
Posted at Dec 28 05:57 PM

The Philippines gross international reserves (GIR) hit a record $104.82 billion in November, the Bangko Sentral ng Pilipinas said on Monday.  Read more »

Bangko Sentral keeps rates steady as expected

Vivienne Gulla, ABS-CBN News
Updated as of Dec 17 04:56 PM

The Bangko Sentral ng Pilipinas kept interest rates steady, in line with analysts forecasts given what it sees as a "benign inflation environment". Read more »

Bangko Sentral seen holding rates steady after surprise cut

Enrico Dela Cruz, Reuters
Posted at Dec 17 09:18 AM

The Philippine central bank is expected to hold interest rates steady on Thursday, awaiting further signals on whether it needs to provide more policy support to the country's pandemic-hit economy, a Reuters poll showed. Read more »

PH dollar reserves rise to an all-time high in November

ABS-CBN News
Posted at Dec 16 11:09 AM

The country's GIR rose to $104.51 billion, up by $710 million from $103.80 billion in October. Read more »

Cash remittances up 2.9 percent in October

ABS-CBN News
Posted at Dec 16 10:58 AM

Cash remittances from overseas Filipinos hit $2.747 billion in October, up 2.9 percent compared to the same month last year, the Bangko Sentral said.    Read more »

New credit scoring system enables SMEs to better access loans: BSP

ABS-CBN News
Posted at Dec 10 08:24 PM

Small and medium enterprises (SMEs) will now have a better access to loans through a system that collects their data and generates their credit scoring, the central bank said on Thursday. Read more »

Nomura sees PH 'growth disappointment' in 2021, new rate cuts

ABS-CBN News
Posted at Dec 08 10:07 PM

Philippine economic growth next year will likely disappoint because of limited fiscal support, and this will lead the Bangko Sentral ng Pilipinas to cut rates, global financial services firm Nomura said on Tuesday.  Read more »