News

PH posts balance of payments surplus in April

ABS-CBN News
Posted at May 20 03:19 PM

The Philippines posted a balance of payments surplus of $467 million in April, reversing a $270 million deficit posted in the same month last year.  Read more »

BSP binalaan ang publiko vs mga sira, pekeng pera

ABS-CBN News
Posted at May 18 08:07 PM

Pinag-iingat ng Bangko Sentral ng Pilipinas (BSP) ang publiko sa pagtanggap ng mga sira o pekeng pera. Read more »

Monetary board says not bothered by peso slump

ABS-CBN News
Posted at May 17 11:06 PM

The Philippine peso slumps to a 2-month low against the dollar a day after the central bank said it will cut its reserve requirement ratio by 200 basis points in the coming months. Read more »

Bangko Sentral cuts reserve requirement for banks

ABS-CBN News
Updated as of May 16 11:46 PM

A 100-basis point cut will take effect on May 31, followed by two other cuts of 50 basis points each on June 28 and July 26. Read more »

PH will never fall into China 'debt trap,' finance officials say

Michael Joe Delizo, ABS-CBN News
Updated as of May 11 04:17 PM

MANILA – Finance officials on Saturday made the assurance that the Philippines would never fall into China’s infamous debt trap, brushing off concerns that Manila might end up surrendering its prized resources if it defaults on loans from Beijing.    Read more »

FDI net inflows up 20.2 percent in February to $746 million

ABS-CBN News
Posted at May 10 04:08 PM

The FDI net inflows reached $746 million, bringing the total for the first 2 months of the year to $1.4 billion, data from the BSP showed. Read more »

Reserve requirement cut must follow rate reduction: HSBC

ABS-CBN News
Posted at May 10 03:10 PM

Cutting the overnight borrowing rate "is a good first step but I think it’s insufficient," HSBC Asia economist Noelan Arbis told ANC's Market Edge. Read more »

Banking officials expect BSP to ease policy

ABS-CBN News
Posted at May 08 11:56 PM

Several local banks have been raising funds at the local debt market. Read more »

Analysts expect BSP to ease monetary policy after April inflation data

ABS-CBN News
Posted at May 07 10:23 PM

Market watchers and economists are now more optimistic the Bangko Sentral ng Pilipinas will use the latest inflation data to justify easing monetary policy. Read more »

Gross international reserves up for 6th straight month in April

ABS-CBN News
Updated as of May 07 05:21 PM

The GIR rose to $83.96 billion last month from $83.61 in March, the BSP said, citing preliminary data. Read more »

Cooling inflation, growth raise chance of cut in benchmark rate, RRR: Reuters poll

Karen Lema, Reuters
Updated as of May 06 09:52 PM

Inflation in the Philippines likely eased for a sixth straight month in April, giving the Bangko Sentral ng Pilipinas (BSP) leeway to ease monetary policy to support a slowing economy, a Reuters poll showed.  Read more »

Inflation likely at 2.7 to 3.5 pct in April: BSP think tank

ABS-CBN News
Posted at Apr 30 03:27 PM

Inflation for the month of April likely settled within the 2.7 to 3.5 percent range, a Bangko Sentral ng Pilipinas (BSP) think tank said Tuesday.  Read more »

Reserve ratio should be single digit before 2023: Diokno

Reuters
Posted at Apr 29 04:07 PM

Bangko Sentral ng Pilipinas governor Benjamin Diokno said on Monday that the country's reserve requirement ratio (RRR) for banks, currently at 18 percent, should be reduced to a single digit before his term ends in 2023.  Read more »

Economic growth to bounce back in first quarter: Nomura

ABS-CBN News
Updated as of Apr 29 10:39 AM

The inflation outlook this year is looking “fairly good,” estimated to settle in the mid-point of the government’s 2 to 4 percent target range, as risks from oil remains “modest,” Nomura Securities chief Asean economist Euben Paracuelles told ANC.    Read more »

PH ready for ‘Finance 2.0’ but needs better internet, change of ‘mindset’

ABS-CBN News
Posted at Apr 23 01:50 AM

Mobile-led finance still faces challenges, such as unreliable internet infrastructure and a population's uneven mindset of banking. Read more »

PH books $627-M balance of payments surplus in March

ABS-CBN News
Posted at Apr 17 04:25 PM

The Philippines booked a balance of payments (BOP) surplus of $627 million in March 2019, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Cash remittances from overseas Filipinos up 1.5 pct in February

ABS-CBN News
Posted at Apr 15 07:14 PM

Cash remittances from overseas Filipinos reached $2.3 billion in February, up 1.5 percent compared to the same month in 2018, the central bank said Monday. Read more »

FDI net inflows lower in January

ABS-CBN News
Posted at Apr 10 03:28 PM

The Philippines booked $609 million in net inflows of foreign direct investments (FDI) in January, down 38.2 percent from the same month last year, according to central bank data. Read more »

What the BSP says on possible US recession

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

The Bangko Sentral ng Pilipinas weighs in on the possible recession in the US, and what it means for the Philippines' monetary policy.  Read more »

Bangko Sentral sees no asset bubbles in property sector

ABS-CBN News
Posted at Mar 27 12:03 AM

The Bangko Sentral ng Pilipinas allayed concerns an asset bubble was forming amid the pace of credit growth due to strong demand for real estate in the country. Read more »