The Public Relations Society of the Philippines (PRSP), the country’s premier organization for public relations professionals, has just announced the winners of this year’s Anvil Awards in a grand “Gabi ng Parangal” ceremony held in Pasay City recently. The Anvil Awards is an annual public relations awards program in the Philippines given to select public relations nominees […]
During the International Workshop on “Nature, Macroeconomy, and Finance” held at the Bangko Sentral ng Pilipinas (BSP) head office in Manila, central bank governor Eli M. Remolona, Jr. recently underscored the urgency of understanding the impact of nature on emerging economies, especially in understanding its risks, opportunities, and policy challenges. BSP Governor Eli M. Remolona, […]
Based on preliminary data from the Bangko Sentral ng Pilipinas (BSP), the Philippines’ gross international reserves (GIR) level has settled at US$103.4 billion as of the end of January 2024, reflecting a US$.4 billion difference from the end of December 2023 reported level of US$103.8 billion. The BSP’s reserve assets consist of foreign investments, gold, […]
Quezon City has just joined the growing list of cities, municipalities, and provinces now supporting the Philippine government’s Digital Payments Transformation Roadmap and its ultimate goal of promoting digitalization and financial inclusion in the country. Late last month, Mayor Josefina “Joy” G. Belmonte, Department of Interior and Local Government (DILG) Undersecretary Felicito A. Valmocina, and […]
According to Statista, the total transaction value in the digital payments market in the Philippines is projected to reach US$43.65 billion in 2024. This value is expected to show an annual growth rate (CAGR 2024-2028) of 8.91 per cent, resulting in a projected total amount of US$61.41 billion by 2028. IMAGE CREDIT: https://www.pymnts.com/ Encouraged by […]
While remittances from Overseas Filipino Workers (OFWs) have become a vital lifeline for the Philippine economy, a new study by the Philippine Institute for Development Studies (PIDS) urges policymakers to look beyond remittances and address the complex social and emotional implications of labor migration. IMAGE CREDIT: https://www.historyextra.com/ Titled “Long-Term Effects of Labor Migration in the […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. recently participated in key sessions at the World Economic Forum (WEF) held earlier this year from January 15 to 19 in Davos, Switzerland. The WEF provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust and build initiatives for cooperation […]
Bank of Commerce (BankCom), the affiliate bank of San Miguel Corporation (SMC), is seeing a larger market potential for its “SIKAPPINOY Asenso” (Asenso) all-in-one remittance, savings, and investments platform for Filipinos in Japan. The bank made this announcement following the release of the latest data from the Bangko Sentral ng Pilipinas (BSP), which showed an […]
Arifa A. Ala (a.k.a. AG Ala), assistant governor of the Bangko Sentral ng Pilipinas (BSP), has once again been named one of the “Most Influential Women in Islamic Business and Finance” by WOMANi during simple ceremonies held in Dubai, United Arab Emirates last December 4, 2023. BSP Assistant Governor Arifa Ala (center), one of WOMANi’s […]
For the period October to December 2023, the Philippine Monetary Board has approved seven (7) public sector medium-to-long-term (MLT) foreign borrowings totalling US$3.32 billion. The said amount is 65.8% (US$1.32 billion) higher than the US$2 billion MLT foreign borrowings approved for the same period last year. IMAGE CREDIT: https://www.adb.org/what-we-do/ Meanwhile, public sector foreign borrowings approved […]
