PH banks expected to maintain or tighten loan standards for Q2 2024 — BSP survey
A recent survey by the Bangko Sentral ng Pilipinas (BSP) indicates that Philippine banks are likely to maintain or tighten…
Category: Economy
Found 187 posts in Economy
BSP report says PH financial system is exhibiting resilience, supports economic recovery
The Bangko Sentral ng Pilipinas (BSP) recently issued its Report on the Philippine Financial System for the second semester of…
Gov’t intensifies actions to protect Filipinos’ purchasing power from the effects of El Niño
Finance Secretary Ralph G. Recto has assured the Filipino public that the government is intensifying targeted actions to further protect…
Monetary Board keeps policy settings unchanged
The Philippine Monetary Board, at its meeting earlier this week, has decided to retain the Bangko Sentral ng Pilipinas (BSP)’s…
PH’s net external liability position reaches US$51.3 billion as of the end of December 2023
In its latest report, the Bangko Sentral ng Pilipinas (BSP) announced that preliminary data on the country’s net International Investment…
Latest BOP projection sees a sustained surplus in 2024, but it can pivot to a deficit position in 2025
More funds could soon be entering the country this 2024 but the same may probably not be maintained, leading to…
FSCC calls for vigilance among financial sector players in PH as market developments unfold
The Financial Stability Coordination Council (FSCC) recently held its 38th Executive Committee meeting with no less than Bangko Sentral ng…
DTI sees high-level trade mission as key to building stronger business partnerships with the US
A trade official announced recently that the Philippines could soon be looking at forging commercially meaningful partnerships with US businesses…
BSP strengthens ties with regional stakeholders, holds Macroeconomic Conference in Cebu City
Cognizant of its mandate to maintain monetary stability and the convertibility of the peso as well as promoting price and…
BSP recognizes MSMEs’ role in economy, adopts new guidelines on Sustainable Finance Taxonomy
The current sustainable finance framework focuses on capital markets and MSMEs normally get external finance from banks. However, bank-based financial systems…