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The Philippine economy returned to red in terms of the amount of dollars it spent in the first month of this year outpacing the amount it earned in its transactions with the rest of the world, according…
CEBU CITY—The outlook for the Philippine economy remains optimistic, said Joselito Bautista, acting Deputy director of the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP). “The Philippines economy is expected to remain one of…
CEBU CITY, Philippines—Cebu City Councilor Alvin Dizon urged banks to consult the public and be transparent on their plans to increase fees on cash withdrawals using automated teller machines (ATM). The increase may be imposed after the…
CEBU CITY, Philippines—Banks will no longer accept mutilated bills with staple wires or adhesives like cellophane tapes, Bangko Sentral ng Pilipinas Regional Director Leonides Sumbi said in a press conference on Wednesday, May 8. Sumbi issued the…
DESPITE the onset of the holiday season, the confidence of Philippine businesses and local consumers are at their lowest levels in almost eight years — with the bearish sentiment expected to persist into early 2019 — no…
DESPITE softening global oil prices, the Bangko Sentral ng Pilipinas (BSP) may remain hawkish through 2019 to curb inflation expectations and stabilize the local currency, an economist from Dutch financial giant ING said. Nicholas Mapa, ING Philippines…
The Philippines’ dollar reserves fell to an over seven-year low of $74.77 billion as of October after the government settled more foreign exchange obligations, the Bangko Sentral ng Pilipinas (BSP) said Wednesday. The country’s gross international reserves…
THE central bank expects inflationary pressures to have moderated slightly in October due to the decrease in the prices of rice and other food items as well as the cost of electricity — a possible indication that…
THE Bangko Sentral ng Pilipinas (BSP) Dumaguete branch has warned credit card users not to entrust their cards to any shops or restaurants for swiping without them watching. BSP Financial Literacy Learning Center manager Dr. Greg Baccay…
Inflation is seen peaking in October or November but would unlikely hit 7 percent, a member of the central bank’s policy-making Monetary Board said Tuesday. The Cabinet-level Development Budget Coordination Committee raised its 2018 inflation forecast range…
JAN-AUG 2018 The amount of dollars sent home by expatriate Filipinos rose further in the first eight months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a worrisome trend of tapering…
BANK regulators have finalized the relaxed rules for its dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. In a press statement, the Bangko…
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