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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 »

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 »

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 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 »

Dollar slips, lacking momentum ahead of central bank meetings

Elizabeth Howcroft, Reuters
Posted at Oct 26 08:31 PM

The dollar slipped but struggled to gain momentum, with most major currency pairs little changed as investors waited for major central bank meetings. Read more »

Bangko Sentral eyes 'plastic' 1000-piso bills next year

Warren de Guzman, ABS-CBN News
Posted at Oct 25 06:26 PM

Plastic, or polymer, 1000-piso bills may soon be in circulation by next year as the central bank tries to find ways to make banknotes safer and more durable. Read more »

Banks tighten lending standards in Q3: BSP survey

ABS-CBN News
Posted at Oct 21 09:39 PM

The BSP said banks became stricter about lending money to businesses and consumers in the July to September period, based on its survey. Read more »

BSP says kept accommodative policy amid manageable inflation

ABS-CBN News
Posted at Oct 21 08:17 PM

Inflation remains manageable and thus monetary policy will remain “accommodative”, the Bangko Sentral ng Pilipinas said on Thursday. Read more »

Bangko Sentral sells 100-piso special coins

ABS-CBN News
Posted at Oct 19 02:09 PM

The Bangko Sentral ng Pilipinas has released 3 special commemorative 100-piso coins to honor 3 Filipino heroes of the revolution against Spain. Read more »

G7 officials endorse principles for central bank digital currencies

Reuters
Posted at Oct 14 02:59 PM

G7 finance officials on Wednesday endorsed 13 public policy principles for central bank digital currencies, saying such currencies should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said. Read more »

FDi net inflows hit $1.3-B, up 52 pct in July

ABS-CBN News
Posted at Oct 11 04:38 PM

The Philippines booked $1.3 billion in net inflows of foreign direct investments (FDI) in July, up 52 percent from the same month last year. Read more »

New money: Central banks lay out operating manual for digital cash

Reuters
Posted at Oct 01 09:06 AM

A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Read more »

BSP says fiscal, monetary policy space 'not unlimited'

Warren de Guzman, ABS-CBN News
Posted at Sep 27 05:27 PM

The BSP said there are limits to how long the country can keep government spending high and interest rates low to support the economy. Read more »

Businesses more pessimistic in Q3: BSP survey

Warren De Guzman, ABS-CBN News
Posted at Sep 24 06:08 PM

Businesses have turned pessimistic while consumers' outlook was less pessimistic as shown in the latest business and consumer expectation surveys. Read more »

PSEi extends gains for 3rd straight session

ABS-CBN News
Posted at Sep 24 01:23 AM

The PSE index extended its gains for a third straight session before the philippine central bank came out with its latest policy decision. Read more »

BSP and SEC not yet requiring Axie Infinity to register

Warren de Guzman, ABS-CBN News
Posted at Sep 06 05:58 PM

Play-to-earn online game Axie Infinity is not yet required to register with Philippine securities and monetary regulators, but it will be monitored. Read more »