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Yields on term deposits flat on muted demand

By Melissa Luz T. Lopez, Senior Reporter YIELDS stood steady amid pale demand during the central bank’s auction of term deposits yesterday, with bids failing to...

Gov’t fully awards 10-year T-bonds as rates drop

By Melissa Luz T. Lopez, Senior Reporter THE GOVERNMENT raised P15 billion worth of reissued 10-year Treasury bonds (T-bonds) yesterday on the back of strong market...

Philippines tops Asia on financial inclusion list

THE PHILIPPINES remains Asia’s leader in financial inclusion due to policies supportive of wider banking access, the Brookings Institution said in a report, even...

Current account may revert to surplus on inflows

By Melissa Luz T. Lopez, Senior Reporter THE COUNTRY’S current account could revert to a narrow surplus this year amid expectations that more funds will trickle...

BSP to maintain rates — economists

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to keep policy rates unchanged at its meeting this week,...

BSP stays in the black as of July despite decline in...

THE Bangko Sentral ng Pilipinas (BSP) remained in the black at end-July but saw its net income slip from a year ago as miscellaneous...

Portfolio investments flow out as geopolitical concerns weigh

By Melissa Luz T. Lopez, Senior Reporter MORE FOREIGN CAPITAL fled the country in August to reverse two straight months of inflows, the Bangko Sentral ng...

TDF yields pick up as offer still undersubscribed

By Melissa Luz T. Lopez, Senior Reporter YIELDS under the term deposit facility (TDF) picked up yesterday as the trimmed auction volumes went undersubscribed, even as...

Portfolio outflows may reverse before yearend

By Melissa Luz T. Lopez, Senior Reporter THE PHILIPPINES could see more foreign capital entering the country in the coming months which could trim the outflows...

August foreign reserves at 3-month-high $81.5 billion

GROSS INTERNATIONAL RESERVES (GIR) edged up in August to a three-month high on the back of higher gold valuations and steady inflows from the...

Food, oil, electricity spur Aug. inflation

HIGHER food, oil and electricity costs spurred prices of widely used goods and services in August at the fastest clip in three months, according...

Poll: Aug. inflation could be 3-month top

By Melissa Luz T. Lopez Senior Reporter THE OVERALL HIKE in prices of widely used goods and services could have quickened in August to its fastest...

Yields on gov’t debt drop

By Christine J.S. Castañeda, Researcher YIELDS on government securities (GS) traded in the secondary market went down last week amid Bangko Sentral ng Pilipinas’ (BSP) decision...

Price hikes could have picked up in Aug.

HIGHER oil and electricity costs as well as rising rice prices likely drove inflation faster in August, the Bangko Sentral ng Pilipinas (BSP) said...

New appointees announced

PRESIDENT RODRIGO R. Duterte appointed Bangko Sentral ng Pilipinas (BSP) Governor, Nestor A. Espenilla, Jr. as governor of the International Monetary Fund (IMF) for...

Foreign banks eye PHL presence

By Melissa Luz T. Lopez, Senior Reporter AT LEAST two global banks are looking to establish their presence in the Philippines, the central bank chief said,...

BSP unfazed by current account deficit

THE PHILIPPINES will maintain a modest current account deficit that is unlikely to hit alarming levels, with the component trade gap expected to “correct”...

PhilPaSS transactions up

By Melissa Luz T. Lopez, Senior Reporter MORE FILIPINOS are tapping formal channels to transact money under the central bank’s payments and settlements system, with total...

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...

Term deposit yields end steady

By Melissa Luz T. Lopez, Senior Reporter Yields under the central bank’s term deposit facility (TDF) moved sideways yesterday despite tepid demand, as banks opted to...

Two bitcoin exchanges now under BSP oversight

By Melissa Luz T. Lopez, Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) now oversees the operations of two bitcoin platforms, which comes after it...

‘Imbalances’ to weigh on peso, prod monetary policy tightening

THE CENTRAL BANK will have to raise policy rates to contain rapid credit growth and a widening trade deficit in order to ease the...

June money supply growth fastest in a year

MORE MONEY circulated in the economy in June -- fueled by rising bank lending -- to post the fastest climb in a year, the...

Price hikes expected to have picked up in July

By Melissa Luz T. Lopez Senior Reporter INFLATION likely picked up slightly in July on the back of higher prices of food, electricity, and fuel, analysts...

Fed signals good for the Philippines — Guinigundo

THE FEDERAL RESERVE’s decision this week to keep rates steady and to trim its massive bond holdings “soon” signals confidence in the US economy’s...

Economists’ inflation views ease

BANK ECONOMISTS tempered their inflation forecasts for the year in the face of lower oil and utility prices, according to results of a recent...

BSP looking into Metrobank ‘internal fraud’

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) is currently looking into internal lapses that led to a reported P900-million...

BSP to release new coin designs this year

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK is looking to release new coin designs within the year, but will drop the 10-centavo...

Hot money enters in June, flees in 1st half

By Melissa Luz T. Lopez, Senior Reporter MORE FLIGHTY foreign capital entered the country in June on the back of investor confidence with legislative approval...

Bangko Sentral expands allowed investments for trust firms’ funds

By Melissa Luz T. Lopez,Senior Reporter TRUST FIRMS will soon be allowed to invest pooled funds in more instruments under new rules released by the...

April FDI retreats from year-ago record

By Melissa Luz T. Lopez FOREIGN direct investment (FDI) net inflows to the Philippines hit a 12-month high in April even as they slid from...

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...

Inflation expected to have eased further in June

THE general year-on-year rise in prices of widely used goods and services likely eased further in June from May due to lower fuel and...

Net external liabilities fall in Q1, BSP says

THE COUNTRY'S net external liability position declined in the first quarter of 2017 despite persistent volatility on global markets, the Bangko Sentral ng Pilipinas...

Home prices edge up in first quarter — BSP

By Janine Marie D. Soliman HOUSING PRICES saw an uptick in the first three months of the year, after more Filipinos acquired loans for homes,...

'Hot money' flows back in May

FOREIGN portfolio investments -- also known as “hot money” for the ease with which they go through markets -- turned around to a net...