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Some of the price increases that have pushed the country’s inflation rate to its highest in nearly a decade can be attributed to a weak peso, which has been on a downtrend since the start of the…
PRICE increases for basic goods and services were expected to have risen at a faster pace for the month of July due to higher electricity and water rates as well as petroleum prices, economists of the Bangko…
CASH-RICH financial institutions bid aggressively on Wednesday for the right to lodge their funds in short-term securities of the Bangko Sentral ng Pilipinas (BSP), marking the third week that the regulator’s term deposit facility auction was oversubscribed.…
Inflows of foreign direct investments to the Philippines rose substantially in the first quarter of the year as investors were reassured by the country’s strong economy, the central bank said on Monday. In a press statement, the…
MINTED FROM MID-1970S TO 1990S The Bangko Sentral ng Pilipinas (BSP) announced on Friday the start of the demonetization process of several commemorative coin sets that were minted from the mid-1970s to the 1990s and urged to…
A THIRD of Filipinos now hold bank accounts — allowing them to save money or make and receive payments, wages or financial assistance — thanks to a growing demand among consumers for digital payment services, the central…
CASH sent home by Filipinos living and working abroad grew 8.4 percent in October, the fastest pace in seven months, to $2.28 billion ahead of the Christmas holiday season. The latest Bangko Sentral ng Pilipinas data released…
THE Bangko Sentral ng Pilipinas (BSP)-Cebu Regional Office has launched an intensive campaign to inform the public of the extended deadline for exchanging New Design Series (NDS) banknotes, which lost their value in July this year. Lawyer…
FILIPINO entrepreneurs’ lack of access to affordable credit is stunting the growth of many micro, small and medium firms and crimping job growth, as a result — a situation that the country’s top banking regulator is worried…
AMID a volatile peso-dollar exchange rate — conventionally countered by siphoning off liquidity from the markets — Bangko Sentral ng Pilipinas on Wednesday said it wants to inject more liquidity into the financial system to satisfy the…
INCREASING available financial resources and stable inflation were seen to support sustained economic expansion in the Visayas for 2017, an official of the Bangko Sentral ng Pilipinas (BSP) said. Rosabel Guerrero, director of the BSP’s department of…
DESPITE several requests from several old peso note holders who failed to exchange these bills, the Bangko Sentral ng Pilipinas reiterated its stand to no longer exchange these old bills for new ones after the deadline last…
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