Tag: BSP

THE CENTRAL BANK shut down two small lenders last week in keeping with its mandate of policing the financial system to “weed out” weak players.

THE OVERALL RISE in prices of widely used goods can be expected to creep closer to six percent this month before peaking in September, the head of the Bangko Sentral ng Pilipinas (BSP) said in a forum on Friday.

MORE FOREIGN FUNDS entered the Philippines in July compared to the preceding month, although the latest flows were a third smaller than a year ago, latest central bank data showed.

THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge during the first semester, boosted by sizeable gains from currency trading at a time of a weaker peso.

THE central bank said it is hard to estimate the impact on inflation of proposed tariff cuts on food imports, as Congress adjourns, giving the President the authority to adjust tariffs on his own while the legislature is in recess.

The Bangko Sentral ng Pilipinas (BSP) saw its bottom line surge during the first semester, boosted by sizable gains from currency trading at a...

CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

INFLATION should peak in the next two months before slowing closer to target, the country’s central bank chief said, noting that tax-related price pressures have been “tapering off.”

YIELDS on term deposits soared to all-time highs this week as banks scrambled to park their idle funds under the Bangko Sentral ng Pilipinas (BSP), taking advantage of higher accepted margins following a strong rate hike last week.

THE CENTRAL BANK’s stronger tightening step last week could initially dampen growth, a Fitch Ratings analyst said, although robust domestic demand should continue to support expansion.

THE PHILIPPINES is well-armed with enough buffers to stay resilient to global shocks, the central bank chief said on Monday, amid fears that market turmoil over Turkey’s economic woes has begun to spill into emerging economies in Asia.

THE RECENT SURGE in foreign direct investments (FDI) should help fuel merchandise export growth “two or three years from now,” providing added impetus for overall economic expansion to pick up, the chief of the Bangko Sentral ng Pilipinas (BSP) said.

THE CENTRAL BANK has ordered another provincial bank to shut down its operations, marking the eighth lender to fold this year.

PHILIPPINE BANKS will continue to outperform their Asian peers given wider interest margins, with a more aggressive rate hike from the Bangko Sentral ng Pilipinas (BSP) to give lenders another boost.

The Bangko Sentral ng Pilipinas (BSP) raised rates anew on Thursday, Aug. 9, in a more aggressive move as expected, to arrest faster inflation...

BANKS continued to crowd the one-week term deposits offered by the Bangko Sentral ng Pilipinas (BSP) this week, as players await the regulator’s decision on interest rates today.

The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by...

THE BANGKO SENTRAL ng Pilipinas (BSP) will most likely raise benchmark interest rates anew this week as inflation can be expected to have spiked further in July, analysts said in a BusinessWorld poll, with some noting there is room for a 50-basis-point (bp) hike to ease price pressures.

NEW REPORTING RULES for banks and financial firms will formally take effect this year, which stand as the equivalent of global standards for pricing financial instruments.

THE BANGKO SENTRAL ng Pilipinas (BSP) has shut down two rural banks last week as the regulator cracks down on more problem lenders.

DEMAND for term deposits shifted towards shorter tenors yesterday, driving yields slightly lower ahead of monetary policy decisions in the United States and in the Philippines.

PRICES of widely used goods likely sustained their overall increase past an official full-year target in July, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.

MONEY SUPPLY continued to grow in June — although at a slower pace — amid a tempered increase in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

THE House of Representatives, voting 219-0, on Tuesday approved on third and final reading the bill strengthening the Bangko Sentral ng Pilipinas (BSP).

The central bank says inflation could pick up further in July as most commodities saw prices rise. In a statement, the Bangko Sentral ng Pilipinas said...

THE BANGKO SENTRAL ng Pilipinas (BSP) has formed a new unit to oversee financial technology (fintech) companies, as the regulator keeps up with increased digital payments.

THE CENTRAL BANK has simplified rules for lenders issuing bonds to raise additional capital, its chief said, which is expected to replace long-term note offerings.

THE BANGKO SENTRAL ng Pilipinas (BSP) will require financial firms to use a standard design for quick response (QR) codes to allow simpler transactions across service providers.

YIELDS ON term deposits floated by the Bangko Sentral ng Pilipinas (BSP) saw mixed movements this week, as banks crowded shorter tenors but asked for bigger returns for month-long placements.

Majority of adult Filipinos still did not have bank accounts due to lack of funds to meet required minimum balances, a 2017 study of...

THE BANGKO Sentral ng Pilipinas (BSP), in its clearest statement lately on future policy steps, said on Friday that it was “considering strong follow-through monetary adjustment at the next meeting of the Monetary Board in August” in a bid to rein in price pressures.

PHILIPPINE banks kept their lending criteria little changed in the second quarter, although some lenders said they grew stricter in granting business loans due to more stringent regulations, according to the results of a central bank survey.

The peso strengthened against the dollar on Friday, July 20, after the local central bank hinted at another interest rate hike during its next...

Philippine banks kept their lending criteria largely steady in the second quarter of the year, although some lenders said they grew stricter in granting...

THE CENTRAL BANK flexed its muscle last month through a second tightening move to signal that they wield a firm hand on economic stability, while previously flagged risks have now materialized.

TERM DEPOSITS offered by the Bangko Sentral ng Pilipinas (BSP) continued to receive strong demand this week, keeping yields steady amid strong appetite across all tenors.

Philippine Savings Bank (PSBank) has received the central bank's approval to raise funds through long-term negotiable certificates of deposit (LTNCD) to expand its consumer...

THE CENTRAL BANK may respond with a more aggressive rate hike in the coming months to rein in rapid inflation, economists at the First Metro Investment Corp. (FMIC) said, against a backdrop of a “turbulent” but rapidly growing Philippine economy.

THE CENTRAL BANK saw its net profit surge nearly sixfold in April as it collected bigger interest incomes and trimmed operating costs.

THE BANGKO SENTRAL ng Pilipinas (BSP) has tapped the National Bureau of Investigation (NBI) for a crackdown on peddlers of fake money on social media.

The Bangko Sentral ng Pilipinas (BSP) has tapped the National Bureau of Investigation (NBI) for a crackdown on peddlers of fake money on social...

MORE FOREIGN FUNDS fled the Philippines in June -- marking the second straight month of net outflows -- as concerns about rising inflation and a weaker peso dampened investor appetite, the Bangko Sentral ng Pilipinas (BSP) said yesterday.

MAJORITY of Filipinos still did not have bank accounts as of 2017 due to lack of funds to meet required minimum balances, a study of the Bangko Sentral ng Pilipinas (BSP) showed.

YIELDS on term deposits inched lower yesterday as market players swarmed the central bank’s offering with overwhelming bids across all tenors.

BANKS SECURED additional loans from the central bank’s rediscount window in June to support capital expenses and commercial lending despite rising borrowing costs.