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Inflation quickens to 8.7 percent in January 2023

ABS-CBN News
Updated as of Feb 07 10:15 AM

Inflation in January accelerated further due to higher rental, electric and water rates as well as the continued rise in food and vegetable prices. Read more »

FACT CHECK: Di naglabas ang Bangko Sentral ng bagong pera

ABS-CBN Investigative and Research Group
Posted at Feb 06 12:38 PM

Walang inilabas na bagong pera ang Bangko Sentral ng Pilipinas, taliwas sa mga kumakalat na post sa social media. Read more »

Diokno rejects using GOCC dividends for Maharlika Fund

ABS-CBN News
Updated as of Feb 03 04:05 PM

Finance Secretary Benjamin Diokno said on Friday he opposed the proposal to get funding for the Maharlika Investment Fund from the dividends of government-owned and controlled corporations. Read more »

Maharlika puts BSP, economy at risk, econ groups warn

ABS-CBN News
Posted at Feb 01 05:03 PM

As the Senate deliberates on the Maharlika Investment Fund, several groups warned that it poses several risks to the Bangko Sentral ng Pilipinas. Read more »

Philippine economy seen to grow 6.2 percent in 2023: Citi economist

Jessica Fenol, ABS-CBN News
Posted at Feb 01 03:04 PM

The Philippine economy is expected to post a robust growth in 2023 but slower than the above-target expansion last year, an economist said on Wednesday. Read more »

Bad loans in real estate seen rising amid high costs, rates

Warren de Guzman, ABS-CBN News
Posted at Jan 31 07:50 PM

A Filipino-led real estate advisory firm said it expects a rise in non-performing loans (NPLs) from both real estate buyers and real estate developers later this year. Read more »

Bank lending up 13.4 percent in December

ABS-CBN News
Posted at Jan 31 01:11 PM

Despite interest rates hitting a 14-year high, bank lending expanded by 13.4 percent in December 2022 compared to the same month in 2021, the Bangko Sentral said. Read more »

Inflation likely within 7.5 to 8.3 percent range in January 2023: BSP

ABS-CBN News
Posted at Jan 31 10:55 AM

Inflation for the month of January likely settled within 7.5 to 8.3 percent range, a Bangko Sentral ng Pilipinas think tank said on Monday. Read more »

92 percent of ATMs nationwide are ‘polymer-ready’, says BSP

ABS-CBN News
Posted at Jan 28 10:44 AM

At least 92 percent of all automated teller machines (ATMs) in the country have been recalibrated to dispense P1,000 polymer banknotes, the BSP said. Read more »

Maharlika fund prone to money laundering, corruption: tax expert

ABS-CBN News
Posted at Jan 25 10:41 AM

The Maharlika Investment Fund, in its current state, is prone to corruption and money laundering, Asian Consulting Group Founding Chairman and Chief Tax Advisor Mon Abrea told ANC on Wednesday. Read more »

Revised Maharlika fund a welcome development: expert

ABS-CBN News
Posted at Jan 23 04:22 PM

The revised version of the proposed sovereign wealth fund is a welcome development, an economist said Monday. Read more »

Credit card group welcomes hike in monthly charges

ABS-CBN News
Posted at Jan 23 02:10 PM

The Credit Card Association of the Philippines said on Monday it welcomes the decision of the Bangko Sentral ng Pilipinas to raise the ceiling on credit card monthly interest rates to 3 percent. Read more »

BSP hikes ceiling on credit card fees to 3 percent

ABS-CBN News
Posted at Jan 23 09:25 AM

The Bangko Sentral ng Pilipinas said it has approved the increase in the monthly ceiling of fees imposed on unpaid credit card outstanding balance by 100 basis points to 3 percent from the previous 2 percent. Read more »

Salceda says 'reengineered' Maharlika fund up for IPO

ABS-CBN News
Posted at Jan 20 04:04 PM

Albay 1st District Representative Joey Salceda said on Friday the new version of the Maharlika Investment Fund dropped the Bangko Sentral ng Pilipinas other controversial sources of funding and is now eyeing an initial public offering (IPO). Read more »

PH books $612 million BOP surplus in December

ABS-CBN News
Posted at Jan 19 05:48 PM

The BSP noted that this was lower than the $991 million BOP surplus recorded in the same month last year. Read more »

BSP replacing damaged coins, banknotes with e-money

ABS-CBN News
Posted at Jan 17 02:00 PM

The Bangko Sentral ng Pilipinas said Tuesday it conducted its first BSP Piso Caravan which aims to drive the use of digital cash Read more »

'Worst is over': Medalla says inflation may revert within target by Q3

Jessica Fenol, ABS-CBN News
Posted at Jan 12 11:01 AM

BSP Governor Medalla said the worst could be over for inflation as signs of depreciation are observed. Read more »

Peso seen trading at P57-P59 to dollar this year

Warren de Guzman, ABS-CBN News
Posted at Jan 11 03:42 PM

Despite its recent gains, the peso is expected to weaken again this year according to economists from First Metro Investments Corp (FMIC) and the University of Asia and the Pacific (UA&P). Read more »

Philippines' GIR level at $96 billion as of end December: BSP

ABS-CBN News
Updated as of Jan 09 11:54 AM

The country's gross international reserves level rose to $96 billion as of the end of December 2022, data from the Bangko Sentral ng Pilipinas showed. Read more »

BPI says recent glitch has 'no impact' on operations

ABS-CBN News
Updated as of Jan 05 05:00 PM

The Bank of the Philippine Islands on Thursday said the recent glitch that involved the double posting of transactions of some customers has no significant impact on its operations. Read more »