BSP official cites factors that make country’s economy strong

Victor Anthony V. Silva 08/29/2016

(Conclusion) WITH the Philippines recognized by the international financial organizations like the World Bank (WB) and the International Monetary Fund (IMF) as Asia’s rising tiger, a Bangko Sentral ng Pilipinas (BSP) official cites the factors that made…

BSP awards stakeholders

Izobelle T. Pulgo 08/09/2016

The Bangko Sentral ng Pilipinas (BSP) held its awards ceremony for stakeholders in Central Visayas with the theme “Sustained Partnership, Sustained Economic Growth.” Among the awardees are Muramoto Audio-Visual Philippines Inc., Phil-Japan Metals and Refined Products Co.…

Foreign direct investments surge to $2.2 billion in April

07/11/2016

MANILA — Net inflows of job-generating foreign direct investments (FDI) jumped to the highest-ever monthly figure of $2.2 billion in April as the Philippines’ economic star shone in the region and attracted greater investor interest, the Bangko…

Public urged to be ‘extra vigilant’ against fake money

Marites Villamor Ilano 05/02/2016

AS the May 9 elections draw near, the Bangko Sentral ng Pilipinas (BSP) yesterday urged the public to be “extra vigilant” against counterfeit banknotes. Leonides B. Sumbi, BSP director for Visayas, also stressed that the central bank…

Next leader should trade more, attract more FDIs

Marites Villamor Ilano 04/28/2016

International Monetary Fund (IMF) resident representative Shanaka Jayanath Peiris said the next president should be capable of sustaining the Philippines’ good performance by spending more for infrastructure, trading more and attracting more foreign direct investments (FDIs). Peiris,…

Gov’t highlights good points to attract more investments

Vanessa Claire Lucero 02/24/2016

If not for external shocks, GDP growth last year would have been 8% To attract more investors to the Philippines, a Bangko Sentral official said government needs to highlight the positive factors that distinguish the country from…

Public warned against fake bills

Vanessa Claire Lucero 01/13/2016

THE Bangko Sentral ng Pilipinas warned that counterfeit bank notes are likely to circulate during the election period. Leonides B. Sumbi, Bangko Sentral acting director for Central Visayas, said consumers should take note of the distinguishing features…

Bangko Sentral encourages students to save

Vanessa Claire Lucero 10/15/2015

AS PART of its financial literacy campaign, the Bangko Sentral ng Pilipinas (BSP) is visiting selected schools to encourage students to save. Cebu City was the fifth leg, and second to the last stop of the campaign,…

BSP: 2B new notes in circulation, 400M old ones left

Vanessa Lucero 10/07/2015

BANGKO Sentral ng Pilipinas officials continue to encourage the public to exchange their old currency notes for new ones especially since there are still an estimated 11 percent of these old pieces of currency still in circulation…

Consumer loans rising but banks’ exposure remains manageable, says BSP

09/07/2015

Consumer loans granted by the banking sector continued to increase, reaching P932.8 billion in the first quarter of this year, the Bangko Sentral ng Pilipinas (BSP) said in a statement. This has sustained the quarter-on-quarter growth in…

BSP exec: Growth target a challenge

Vanessa Claire Lucero 08/26/2015

Achieving even the low-end of government’s growth target for this year may be a challenge in the face of a volatile peso and the negative sentiment in the equities market, a central bank official said. The peso…

BSP Cebu inducts new officers

Intern 06/06/2015

The Boy Scouts of the Philippines (BSP) Cebu Council inducted its new officers and board members last Thursday. Dr. Juliet Jeruta, Department of Education (DepEd) regional director, led the induction of DepEd officials as mandated Board Members.…

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