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Dealing with the most constructive yet destructive force in the financial...

By Mark Louis F. Ferrolino, Special Features Writer For several decades, traditional banks have held a dominant market share with little modification to their business models....

Foreign direct investments climb in February

FOREIGN DIRECT investments (FDI) climbed in February on investor optimism over the country’s growth prospects and fundamentals, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

BSP to look at growth as it considers further rate cuts

THE COUNTRY’S economic outlook and the peso’s stability will be the key deciding factors for the Bangko Sentral ng Pilipinas (BSP) in further cutting its policy rates and reducing banks’ reserve requirement, think tank Fitch Solutions said in an analysis.

Yields on one-week term deposits drop

YIELDS on the one-week term deposits eased on Wednesday as the central bank lowered the volume of its facility to a record low.

Risks to inflation “evenly balanced”

INFLATION RISKS are seen “evenly balanced” this year, even with the rise in prices expected to settle firmly within the government’s target, the Bangko Sentral ng Pilipinas (BSP) said.

Reserves climb further in March

GROSS international reserves (GIR) rose further in March for the fifth straight month, the central bank said on Friday, enjoying a boost from higher dollar deposits and income from offshore investments.

BSP signs currency settlement deals with ASEAN central banks

THE BANGKO SENTRAL ng Pilipinas (BSP) has forged agreements with the central banks of Indonesia, Malaysia and Thailand as they look to set up direct settlement systems across currencies.

Yields on term deposits mixed ahead of BSP’s policy meeting

TERM DEPOSITS offered by the Bangko Sentral ng Pilipinas (BSP) saw mixed movements in yields this week, which comes a day ahead of a rate-setting meeting.

In Memory of Governor Nesting

Delivered by then Bangko Sentral ng Pilipinas Officer-in-Charge Maria Almasara Cyd N. Tuaño-Amador on Feb. 26 My dear colleagues: News of the Governor’s passing away on...

A banker to remember

The late Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr., who passed away last month after battling tongue cancer, practically devoted his...

A champion of financial inclusion

When he first took office as Bangko Sentral ng Pilipinas’ (BSP) Governor in May 2017, Nestor A. Espenilla, Jr. vowed to push for general...

An accomplished husband and father

It is commendable to see a successful man who doesn’t only excel at work but also at home. As many remember former Bangko Sentral...

Remembering BSP Governor Nestor A. Espenilla, Jr.

Testimonials BMAP joins the rest of the banking industry in honoring the memory of an upstanding leader, Governor Nestor Espenilla, Jr. He was Gov. Nesting...

Central bank chief Espenilla passes away

BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60. The central bank's Corporate Affairs Office...

BSP seen keeping rates steady

THE CENTRAL BANK has enough room to keep interest rates steady over the next few months, global banks said in separate reports, noting that attention has shifted to market liquidity now that inflation has slowed.

Analysts expect Bangko Sentral to cut reserve requirement ratio

More market watchers are growing certain that the Bangko Sentral ng Pilipinas (BSP) will kick off the year with cuts to bank reserves prior to any policy rate adjustments.

BSP trims term deposit auction volume to P30B

THE CENTRAL BANK has slashed the amount of term deposits it will auction off this week to the lowest level in over two years due to weaker demand from banks just before the holiday season wraps up.

Demand for term deposits drops

DEMAND for term deposits thinned this week, with the Bangko Sentral ng Pilipinas (BSP) even rejecting some offers as banks asked for higher yields than usual.

Economists see RRR cuts as inflation eases

THE CENTRAL BANK may now proceed with planned cuts in bank reserves next year as inflation is sure to go down, bank analysts said.

Toward a more robust and transparent consumer lending

In 2017, consumer loans in the Philippine banking system reached P1.49 trillion, up 17.3% from the P1.27 trillion worth of consumer loans recorded by...

Nestor A. Espenilla, Jr.: An icon of grit and perseverance

Since taking up office as the fourth Governor of the Bangko Sentral ng Pilipinas (BSP) on July 3 last year, Nestor A. Espenilla, Jr....

BusinessWorld Economic Forum 2018 tackles realities of disruption

Last May 18, BusinessWorld, the most read and most respected business newspaper in the Philippines, triumphantly staged the third edition of its annual BusinessWorld...

The customer-centric story of disruption

By Mark Louis F. Ferrolino, Special Features Writer In a trajectory of rapid improvements, buoyed by disruptive technologies, consumers are becoming more demanding and discriminating. Emerging...

Central bank seeks to assure amid market turbulence

CURRENT monetary policy settings remain appropriate despite some turbulence in local financial markets, the Bangko Sentral ng Pilipinas (BSP) chief said on Friday. “We have...

Balance-of-payments gap nearly halved in March

THE Philippines’ external payments position saw a smaller deficit in March, but first-quarter gap was still bigger than a year ago, the Bangko Sentral...

FCDU loans up in 2017

FOREIGN CURRENCY loans granted by Philippine banks went up in 2017, latest central bank data showed, with bigger credit lines extended to logistics and...

BSP sees room to cut bank reserves further

By Melissa Luz T. Lopez, Senior Reporter THERE is room to cut bank reserves further as more surplus funds are parked as term deposits, the...

Bigger trade gap widens current account deficit

THE COUNTRY’S current account deficit more than doubled in 2017 to its widest since 1999, the Bangko Sentral ng Pilipinas (BSP) said on Friday. The...

Foreign debt falls to $73.1-B at end-2017, under 20% of GDP

OUTSTANDING foreign debt fell to $73.1 billion at the end of 2017 from $74.763 billion a year earlier, with the share of foreign debt...

Central bank keeps inflation target despite rebasing

THE BANGKO SENTRAL ng Pilipinas (BSP) will not adjust its inflation target despite rebasing of the consumer price index (CPI) that takes effect this...

Thrift banks’ NPLs climb in 2017

SOURED DEBTS held by thrift lenders grew by a tenth in 2017 to match the increase in total loans granted from a year ago,...

BSP sets minimum liquidity ratio for small lenders

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK will impose liquidity standards on small banks by 2019, parallel to a measure imposed on...

Liquidity, lending growth decelerate in November

By Melissa Luz T. Lopez, Senior Reporter MORE MONEY circulated in the economy as of November on the back of sustained bank lending, although growth...

Central bank further relaxes rules on private sector’s FX access

THE BANGKO SENTRAL ng Pilipinas (BSP) has further relaxed its foreign exchange (FX) rules by making it easier for the private sector to tap...

BSP sees narrower BoP deficit in 2018

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) expects the country’s external payments position to settle at a narrower deficit...

BSP paves way for start of repurchase mart

THE BANGKO SENTRAL ng Pilipinas’ (BSP) Monetary Board has approved a zero-percent reserve requirement on repurchase (repo) transactions ahead of the start of organized...

BSP lowers risk weighting for MSME loans vis CSFs

By Melissa Luz T. Lopez, Senior Reporter LOANS to small-scale businesses secured through credit surety cooperatives will be given a lower risk premium, as the...

New telco player could aid shift to e-payments

By Melissa Luz T. Lopez, Senior Reporter THE ENTRY of a new telecommunications provider could spur a faster migration to electronic payments, Bangko Sentral ng...

Balance of payments returns to surplus in September

By Elijah Joseph C. Tubayan, Reporter THE PHILIPPINES’ external payments position went back to a surplus in September after recording a deficit in four straight...

BSP renews ASEAN swap agreement

THE BANGKO Sentral ng Pilipinas (BSP), together with its regional counterparts, signed the sixth supplemental memorandum of agreement to renew the Assiociation of Southeast...

Rate hike to be delayed as inflation remains contained

By Melissa Luz T. Lopez, Senior Reporter CHANCES of a rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year are diminishing, analysts...

Third-quarter business optimism weakest in three years

THE BATTLE to take back Marawi City from Islamic militants, martial law over all of Mindanao and damage from the Visayas quake added to...

BSP outlines plan to reform gov’t debt market

By Melissa Luz T. Lopez, Senior Reporter THE government has laid down its strategy to deepen the debt market, with agencies looking to attract bigger...

BSP excludes clearing, settlement from SBL

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK will exclude payment transactions of conglomerates from its computation of the single borrower's limit (SBL) of...