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 —…
LANDBANK advances agriculture growth in the countryside with P755.1-B loan package in 2023
Agriculture plays a key role in the Philippine economy. It contributes an average of 20 percent to the country’s Gross…
End of January 2024 GIR level settles at US$103.4 billion, headline inflation dropped to 2.8% YOY
Based on preliminary data from the Bangko Sentral ng Pilipinas (BSP), the Philippines’ gross international reserves (GIR) level has settled…
Beyond remittances: PIDS study calls for holistic policymaking for OFWs
While remittances from Overseas Filipino Workers (OFWs) have become a vital lifeline for the Philippine economy, a new study by…
Small-time online sellers exempt from taxes says BIR
Online sellers making below P500,000 in yearly sales don’t have to pay creditable withholding taxes according to the Bureau of…
BSP Governor Remolona Jr. joins World Economic Forum 2024
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. recently participated in key sessions at the World Economic Forum…
Monetary Board approved US$3.32-B foreign borrowings of the public sector in Q4 of 2023
For the period October to December 2023, the Philippine Monetary Board has approved seven (7) public sector medium-to-long-term (MLT) foreign…
Over 40% of jobs worldwide exposed to AI disruption – IMF
Artificial intelligence (AI) will be a boon or bane to 40% of jobs around the world according to the International…