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…
BSP moves in lockstep with US Fed Reserve, says it is likely to hold on to higher rates for a while
The Bangko Sentral ng Pilipinas (BSP) has been focusing on financial stability since mid-2009 and one of the ways through…
Monetary Board maintains policy settings in view of predicted El Niño return this year
Due to its location in the Pacific region, the Philippines has often experienced the adverse consequences of El Niño —…