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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...

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....

August inflation fastest in nearly a decade

HEADLINE INFLATION in August caught state economic managers and financial markets by surprise, shooting up to its fastest clip in almost a decade, according to official data the Philippine Statistics Authority (PSA) released on Wednesday.

Fixed exchange rate ‘dangerous’ for PHL economy, BSP chief says

THE BANGKO SENTRAL ng Pilipinas (BSP) will not opt to set a fixed exchange rate for the peso, with its chief calling it a “dangerous” move for the economy.

BSP raises policy rates anew

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

BSP looks at further easing of FX rules

WORK is under way for fresh easing of foreign exchange restrictions, with changes being prepared by the central bank meant to simplify the entry and withdrawal of investments.

BSP says to take ‘decisive’ action as inflation heats up

THE CENTRAL BANK will not hesitate to take “decisive” action should inflation maintain its ascent, with signs pointing that price increases now cover a...

BSP expects National ID system law to be passed in May

The Bangko Sentral ng Pilipinas (BSP) expects the national identification (ID) system to be enacted next month. Speaking at the national convention of Chamber of...

BSP unlikely to hike rates despite pickup in inflation

ING BANK N.V. and Capital Economics said the Bangko Sentral ng Pilipinas (BSP) is unlikely to hike interest rates even as inflation continued to...

Infrastructure spending seen sustained in 2018

By Melissa Luz T. Lopez Senior Reporter ROBUST public spending is expected to be sustained this year following strong growth in 2017, analysts said, though they...

Philippines uses dollar pile against speculators — BSP governor

The Philippine central bank sells dollars from its pile to curb excessive peso volatility against speculators using a cut in banks’ reserve ratios “as...

BSP governor recovering from cancer

Philippine central bank Governor Nestor A. Espenilla, Jr. said he’s recovering from early stage tongue cancer diagnosed in November, assuring that it won’t distract...

Central bank readies new risk buffer

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK is looking to introduce a new risk management measure that would require banks to set aside...

Poll: Monetary policy stable as year ends

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK will likely maintain policy settings when it meets on Thursday as inflation and liquidity remain manageable,...

New clearing house live by 2018

By Melissa Luz T. Lopez, Senior Reporter A SECOND DIGITAL clearing house meant to process real-time money transfers is eyed to go live by early 2018,...

BSP seen trimming RRR before policy rate tweaks

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will likely tweak reserve requirements imposed on banks before adjusting policy rates, an...

BSP affirms rates, ups 2018 inflation view

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady yesterday with inflation in check and economic activity still...

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,...