The Financial Sector Forum (FSF) remains committed to intensifying efforts in building a more resilient, sustainable, and inclusive financial system in the Philippines through its ongoing projects. In a meeting with BSP governor and FSF chairman Eli M. Remolona, Jr., which was held last September 29, the FSF said that these projects are in the […]
The Bangko Sentral ng Pilipinas (BSP) announced that the Philippines and Singapore are now intensifying their cooperation to integrate their respective payment systems. IMAGE CREDIT: https://asianbankingandfinance.net/ During a courtesy visit to BSP Governor Eli Remolona Jr. at the Philippine Central Bank’s headquarters in Manila, Constance See Sin Yuan, Ambassador Designate of Singapore to the Philippines, […]
The Bangko Sentral ng Pilipinas (BSP) has set up an exhibit recently showcasing local micro, small, and medium enterprises (MSMEs) as part of the Alliance for Financial Inclusion (AFI) 2023 Global Policy Forum (GPF). The exhibit was held at the Philippine International Convention Center (PICC) from September 12 to 15. Photo shows (from left) DOT-NCR […]
Union Bank of the Philippines announced recently that it has just secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP) — any natural or legal entity that exchanges, holds, safe-keeps, sells, converts, or transfers virtual assets on behalf of another natural or legal entity. As such, […]
During a recent courtesy call to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr., British Ambassador to the Philippines Laure Beaufils confirmed that the UK government will continue to work closely with the Philippines on regulatory reform, sustainable financing, and financial technology and services. “We spoke about our common interests in financial services, the […]
Two new members of the Philippine Monetary Board have just been sworn in! Welcome Rosalia V. De Leon, former National Treasurer, and Romeo L. Bernardo, former undersecretary of the Department of Finance, who will both serve six-year terms as the newest members of the Philippine Monetary Board. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. […]
In response to the Bangko Sentral ng Pilipinas (BSP)’s feedback, the Gokongwei-owned Robinsons Bank Corp. and the Ayala-led Bank of the Philippine Islands (BPI) have recently announced that they will soon be undertaking a fresh new strategy and will be making changes in the implementation of their articles of merger. According to a media advisory […]
In a recent dialogue with the country’s top economic managers held at Doha in Qatar last September 10, entitled “PH Dialogue: Economic Outlook and Opportunities,” the Bangko Sentral ng Pilipinas (BSP) underscored its readiness to safeguard the national government’s inflation target. According to BSP Deputy Governor Francisco G. Dakila, Jr., the average inflation for 2023 […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr. recently expressed concern about further “financial accidents” that may be brought on by the strong rate increases implemented by the US Federal Reserve to combat inflation. In a media advisory, the BSP chief said that the US central bank’s tightening cycle could result in more unpredictable […]
According to a forex analyst from British banking giant HSBC, the Bangko Sentral ng Pilipinas (BSP) will continue to defend the Philippine peso to keep it below the 57 to US$1 exchange rate level. In its most recent currency outlook headlined “PHP: Defense Continues, But With Conditions,” Lenny Jin, a global foreign exchange strategist at […]
