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Key PAL board members submit resignation papers
Key PAL board members submit resignation papers
By Iris Gonzales | Over a year ago
Amando Tetangco Jr., the two-termer former governor of the Bangko Sentral ng Pilipinas who has been widely recognized as one...
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Inflation steady at 3.4% in April, BSP to keep rates unchanged
May 6, 2017 - 12:00am
The country’s inflation rate held steady at 3.4 percent in April as slower price adjustments in electricity and petroleum products cushioned the impact of higher food prices, the Philippine Statistics Authority...
Business
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No reason to tweak rates – BSP
No reason to tweak rates – BSP
By Lawrence Agcaoili | Over a year ago
The Bangko Sentral ng Pilipinas (BSP) said the decision of the US Federal Reserve to keep interest rates unchanged gives authorities...
Business
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April inflation likely at 3-3.8% – BSP
By Lawrence Agcaoili | April 28, 2017 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) sees inflation rising to between three and 3.8 percent this month due to higher oil prices as well as more expensive power and water.
Business
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Forex reserves down to $80.87 B in March
By Lawrence Agcaoili | April 8, 2017 - 12:00am
The country’s foreign exchange buffer thinned in March due to outflows arising from the weaker peso as well as the payments made by the government for its maturing obligations.
Business
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Philippines opens up banking to Malaysia, Thailand
By Lawrence Agcaoili | April 7, 2017 - 12:00am
The Philippines firmed up yesterday agreements with Malaysia and Thailand to open up the banking industry, aimed at greater financial integration and economic development among members of the Association of Southeast...
Business
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BSP, banks establish shared clearing, settlements system
By Lawrence Agcaoili | April 1, 2017 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) and major stakeholders in the banking industry signed an agreement for a establishment of a shared clearing and settlements system as part of the National Retail Payment System...
Business
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Bank lending picks up pace in February
By Lawrence Agcaoili | April 1, 2017 - 12:00am
Growth in bank loans, a bellwether for economic activities, accelerated to 18.1 percent in February from 17.9 percent in January amid strong demand for funds to bankroll the expansion program of corporate and individual...
Business
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Money supply expands 12.6% to P9.43T in Feb
By Lawrence Agcaoili | April 1, 2017 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) yesterday said the expansion of money circulating in the financial system picked up in February amid the sustained economic growth.
Business
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BSP holds off rate adjustments
By Lawrence Agcaoili | March 24, 2017 - 12:00am
As expected, monetary authorities decided yesterday to keep interest rates steady despite the second rate hike by the US Federal Reserve in three months last week.
Business
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