According to the latest data released by the Bangko Sentral ng Pilipinas (BSP), personal remittances from overseas Filipinos have increased by 3.7% to US$2.88 billion in May this year — a truly positive turn for the Philippine economy. IMAGE CREDIT: https://www.rappler.com/moveph/ This rise reflects a steady flow of financial support from Filipinos working abroad, contributing […]
In a significant step towards enhancing agricultural financing in the Philippines, the Bangko Sentral ng Pilipinas (BSP) Research Academy and the Department of Agriculture’s (DA) Agricultural Credit Policy Council (ACPC) unveiled the key findings of the 2022 Countryside Bank Survey (CBS) report. Photo shows (front row, 7th to 9th from left) Agricultural Credit Policy Council […]
The Monetary Board has approved significant amendments to foreign exchange (FX) regulations, a strategic move by the Bangko Sentral ng Pilipinas (BSP) aimed at enhancing the accuracy and relevance of FX transaction data. In a media advisory, the BSP announced that this new initiative is expected to promote price stability and ensure robust financial oversight […]
In a significant development for the Philippine financial sector, President Ferdinand R. Marcos, Jr. has recently appointed veteran banker Walter C. Wassmer to the Bangko Sentral ng Pilipinas (BSP)’s Monetary Board (MB). President Marcos Jr. (left), and veteran banker Walter C. Wassmer (right) With a distinguished career spanning several decades, Wassmer’s expertise is set to […]
The Bangko Sentral ng Pilipinas (BSP) and key economic managers of the Philippines joined forces to underscore the nation’s impressive growth potential and expand investment opportunities at the recent Philippine Economic Briefing (PEB) held in Tokyo this year. Photo shows BSP Deputy Governor Francisco G. Dakila, Jr. (second from right) discussing foreign investment trends during […]
In a significant move towards modernization, digital transformation, and financial inclusion, the municipality of Guagua in Pampanga has officially joined the Paleng-QR Ph Plus program. Photo shows former President and now Pampanga 2nd District Representative Gloria Macapagal-Arroyo as she scans a QR code to pay for purchased goods during the launch of Paleng-QR Ph Plus […]
In a monumental step towards transforming global financial transactions, the Bangko Sentral ng Pilipinas (BSP), Bank for International Settlements (BIS), and their partners have recently announced the successful completion of the comprehensive blueprint for Phase Three of Project Nexus. Project Nexus is an ambitious initiative that aims to seamlessly connect instant payment systems (IPS) across […]
The Monetary Board has released its latest balance of payments (BOP) projections for 2024 and 2025, reflecting an optimistic outlook buoyed by global economic expansion and robust domestic demand. These projections, approved during the board’s meeting earlier this week, incorporate the latest data and developments, signaling a cautiously positive external outlook for the coming years. […]
The Bangko Sentral ng Pilipinas (BSP) highlighted the critical role of digitalization in enhancing rural bank operations during the Rural Bank Strengthening Program (RBSP) Technology and Innovation Forum held at the BSP Head Office. The forum underscored the pivotal role rural banks play in inclusive growth and the importance of building their capacities through technology. […]
Angeles City in Pampanga has joined the growing list of local government units (LGUs) adopting the Paleng-QR Ph Plus initiative, a program designed to promote digital payments in public markets, public utility vehicles, and business establishments. Photo shows BSP Managing Director Rosabel B. Guerrero (second from left) together with Angeles City Vice Mayor Ma. Vicenta […]
