BSP defers rollout of new forex reporting system to June 2026
THE BANGKO SENTRAL ng Pilipinas (BSP) has extended anew its test period for its implementation of the International Transactions Reporting System (ITRS), which is...
T-bill rates mixed as more BSP cuts loom
THE GOVERNMENT made a full award of the Treasury bills it auctioned off on Monday at mixed rates amid expectations of further policy easing...
Insurance industry’s premiums rise by 14.41% in Q1
THE PHILIPPINE insurance industry saw its combined premiums increase by 14.41% year on year in the first quarter, driven by both the life and...
Abenoja takes oath as BSP deputy governor
BANGKO SENTRAL ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja has been appointed as deputy governor for the regulator’s Monetary and Economics Sector (MES).
Peso rebounds as markets await US tax bill vote
THE PESO rebounded slightly on Tuesday as the dollar remained under pressure following the downgrade of the US’ credit rating.
The local unit closed at...
Dollar set for more weakness as ‘Brand USA’ falls further out of favor
NEW YORK — Trade-related uncertainties, ballooning fiscal debt and weakened confidence about enduring US exceptionalism have weighed on US assets, with the dollar one...
HSBC bullish on expanding PHL wealth, premier banking business
HSBC Philippines is optimistic about growing its wealth and premier banking business’ market share amid the country’s growing middle class and strong macroeconomic fundamentals.
“I...
BPI begins offering of 1.5-year SINAG bonds
BANK of the Philippine Islands (BPI) on Tuesday priced and began its offering of 1.5-year fixed-rate sustainability bonds, from which it aims to raise...
BTr fully awards reissued 10-year bonds
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it auctioned off on Tuesday as investors flocked to higher-yielding assets after...
Security Bank joins IFC-led global alliance for green commercial banks
SECURITY BANK CORP. is the first Philippine lender to join a global green bank alliance founded and managed by the World Bank’s private sector...
Peso weakens on geopolitical concerns
THE PESO weakened against the dollar on Wednesday as heightened geopolitical concerns affected market sentiment.
The local unit closed at P55.66 per dollar, dropping by...
BSP to ask trust entities for more data to strengthen industry monitoring
THE BANGKO SENTRAL ng Pilipinas (BSP) wants to add supplemental data requirements for trust entities to enhance its monitoring of the sector.
In a draft...