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BSP sets reporting guidelines on reclassification of debt securities

THE CENTRAL BANK released guidelines on financial reporting for banks that availed of the relief measures last year on classifying debt securities.

BSP tightens watch on VASPs

THE CENTRAL BANK has tweaked its regulations to cover more types of virtual asset service providers (VASPs) and better guard against risks amid the heightened use of these services.

BSP raises P100 billion from 28-day bill issue

The central bank awarded in full the 28-day bill issue on offer Friday, with rates falling from the previous auction amid ample liquidity. The Bangko...

BSP net income down 14.2% at end-November

THE CENTRAL BANK’S net earnings as of November declined from a year earlier, dragged by lower revenues caused by a decline in interest income.

Yields on BSP’s term deposits decline despite lower demand

YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) on Wednesday continued to inch lower as demand normalized after the holidays.

BSP inks lease for new complex in New Clark City

THE BANGKO SENTRAL ng Pilipinas (BSP) has inked a lease contract with the Bases Conversion and Development Authority (BCDA) for the central bank’s new complex that will soon rise in New Clark City.

BSP studying climate change impact

THE CENTRAL BANK is looking into the effects of climate change on its operations as it develops a roadmap for sustainability in the financial system, an official said.

BSP looking to auction off other tenors of securities

THE BANGKO SENTRAL ng Pilipinas (BSP) is studying the possibility of offering other tenors of its securities depending on market developments and liquidity conditions.

Yields on term deposits decline on post-holiday demand surge

YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) slipped on Wednesday as demand picked up following the holidays and with the financial system still awash with liquidity.

BSP receives first application for a digital banking license

THE BANGKO SENTRAL ng Pilipinas (BSP) has received the first application for a digital banking license following the release of a framework for the sector in November.

BSP forecasts December inflation at 2.9-3.7%

HEADLINE INFLATION likely rose by 2.9% to 3.7% in December on the back of a quicker rise in the price of oil and agricultural products, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.

Philippines seeks new P540-B debt from BSP

THE Philippine government is seeking a new P540-billion ($11.2 billion) loan from the central bank to aid in pandemic relief measures, Treasurer Rosalia de Leon said.

Foreign currency loans down as firms cut working capital

FOREIGN CURRENCY loans slipped in the third quarter amid continued tepid business activities and stricter lending standards as the pandemic crisis stretched on.

Philippine house prices fall for first time in 4 years

HOUSING PRICES fell for the first time in four years in the third quarter, reflecting low consumer confidence amid a coronavirus pandemic, according to the Philippine central bank.

TDF yields end mixed on dovish BSP signals

YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday were mixed following signals that the regulator could maintain a low interest rate environment and on window-dressing ahead of the year’s close.

BSP to keep rates low until end-2022

THE CENTRAL BANK is committed to keeping interest rates low until the end of 2022 to provide support for the economy as it recovers...

Central bank waives transaction fees under PhilPaSS until 2021

THE CENTRAL BANK has extended further the waiving of fund transfer fees for transactions made via the PhilPaSS or Philippine Payment and Settlement System facility until next year as part of their continuing relief measures amid the coronavirus crisis.

BSP sets reserve rules for the holidays

THE CENTRAL BANK issued guidelines for the computation of reserve requirements for both banks and quasi-lenders for the upcoming holidays amid reduced reserve days.

BSP holds key interest rate steady

THE BANGKO Sentral ng Pilipinas (BSP) on Thursday kept its benchmark interest rate steady, a move widely expected amid the recent uptick in inflation alongside some signs of economic recovery.

Fintech group wants industry-crafted rules

THE CENTRAL BANK should allow market players to develop their own open finance framework, with the Bangko Sentral ng Pilipinas (BSP) only providing support when needed in the process, an industry group said.

Financial institutions told to tighten guard against dirty money flows related...

THE CENTRAL BANK told financial institutions to address gaps in their risk management capabilities to arrest the emergence of transactions related to the online sexual exploitation of children (OSEC). 

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

YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday dipped before the Monetary Board’s (MB) policy meeting as investors priced in a possible reduction in banks’ reserve requirements.

Central bank releases draft governance framework for payment system operators

THE CENTRAL BANK has come up with a draft framework for the governance policy of operators of payment systems (OPS) to streamline the regulatory approach for the industry.

BSP grants license to Tonik Digital Bank

THE BANGKO SENTRAL ng Pilipinas (BSP) approved the application for license of Tonik Digital Bank, Inc.

Dollar reserves hit new record as of end-Nov.

THE COUNTRY’S foreign exchange buffers reached a new all-time high as of end-November, according to the Bangko Sentral ng Pilipinas (BSP).

BSP OKs new regulatory relief for savings and loan associations

THE BANGKO Sentral ng Pilipinas (BSP) will allow non-stock savings and loan associations (NSSLAs) to include accrued interest on some loans in their 2020 net profit, for the purpose of income distribution to members, as a way to extend relief to the industry during the pandemic.

Homegrown fintech startup SquidPay secures P200 Million in funding

Local startup SquidPay Technology Inc. has recently signed Php 100 Million in Series A and Php 100 Million line of credit arranged by Eastern...

BSP likely to keep rates steady — poll

THE CENTRAL BANK is likely to keep its key policy rates at the record low levels on Thursday, as it considers the recent uptick in the country’s inflation rate, according to analysts.

Interest income boosts central bank earnings

THE CENTRAL BANK’S net profit rose in the third quarter supported by improving gains from domestic securities and foreign exchange trading.

Rediscount window left untapped in Nov. on ample liquidity

BANKS DID NOT avail of the rediscount facility of the Bangko Sentral ng Pilipinas (BSP) for the second straight month in November on the back of ample liquidity and reduced demand for loans.

Central bank, JICA unveil database to help evaluate SME credit risk

THE Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA) announced the list of banking participants for a credit risk database project intended to facilitate lending decisions for small businesses.

Term deposit yields slip on RRR cut bets

YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday inched down amid higher bids and expectations of a possible reduction in banks’ reserve requirement ratio (RRR).

BSP sets rules for nonbanks’ crime reporting

THE CENTRAL BANK has laid out guidelines for the reporting of crimes and its resulting losses for nonbank financial institutions (NBFIs).

BSP sees monetary measures’ impact lagging; backs fiscal action

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said fiscal measures could be more effective for revving up the recovery at the moment, with monetary easing undertaken during the pandemic still taking time to filter down the banking system.

Yields on BSP’s term deposits inch down on inflation outlook

YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday slipped on expectations of faster inflation in November.

BSP seen to continue easing to support economy

SOME ASIAN central banks, including the Bangko Sentral ng Pilipinas (BSP), will likely remain accommodative in 2021 to provide support to their coronavirus-battered economies, a think tank said.

10-month borrowings reach P3.2T

THE government’s total gross borrowings reached P3.224 trillion in the first 10 months of 2020, breaching its P3-trillion full-year target after receiving a new round of cash advances from the central bank.

Quasi-lenders’ loan portfolio drops in 1st half

THE LENDING portfolio of nonbank financial institutions with quasi-banking functions (NBQBs) dropped in the first half of the year as players merged or gave up their licenses, an official from the Bangko Sentral ng Pilipinas (BSP) said.

‘Hot money’ reverses to net inflow

MORE FOREIGN CAPITAL entered than left the country in October to yield a net inflow after seven straight months of outflows, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

BSP approves regulatory framework for digital banks

THE MONETARY BOARD has approved a regulatory framework for digital banks, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.

BSP policy stance to stay accommodative

THE CENTRAL BANK has room to remain accommodative if there is further need to support the economy towards recovery, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. said.

Yields on term deposits decline sharply on surprise easing move

YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) dropped on Wednesday following the central bank’s surprise rate cut last week.

BSP approves new ‘dirty money’ risk assessment system

A NEW SYSTEM for assessing “dirty money” and terrorism financing risks in financial institutions has been approved by the Bangko Sentral ng Pilipinas (BSP).

BSP lays out proposed liquidity management rules for Islamic banks

THE BANGKO SENTRAL ng Pilipinas (BSP) has released proposed guidelines for the management of liquidity risks by Islamic banks and banking units for Shariah-compliant instruments.

BSP likely to keep dovish stance

THE Philippine central bank would probably remain dovish and might cut benchmark interest rates again next month and in the next quarter as the recovery outlook remains uncertain, analysts said.