President Ferdinand R. Marcos, Jr. has recently designated Finance Secretary Ralph G. Recto as Cabinet representative to the Monetary Board (MB), the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP). BSP Governor Eli M. Remolona, Jr. (left), chairperson of the Philippine Monetary Board, is shown here while administering Secretary Recto’s oath of office […]
After completing his tenure as chief of the Department of Finance, former Finance Secretary Benjamin E. Diokno was recently appointed as a full-time Member of the Monetary Board (MBM) for a six-year term effective January 12, 2024. Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. (left) swears in former Finance Secretary Benjamin E. Diokno […]
Strengthening the corporate bond market is high on the list of priorities of the Financial Stability Coordination Council (FSCC) in 2024. In its last meeting for 2023, the Council noted that the Philippine financial market remains strong despite fresh rounds of global geo-political risks. Assessing various measures, the FSCC believes that current market behavior is […]
The Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines (BAIPHIL) formalized their long-standing partnership recently with the signing of a memorandum of understanding (MOU) last December 18 at the BSP Head Office in Manila. BSP Governor Eli M. Remolona, Jr. and BAIPHIL President Racquel B. Mañago shake hands after signing […]
The Bangko Sentral ng Pilipinas (BSP) has just released a media advisory announcing the results of the country’s latest economic performance which, according to the Department of Finance, grew faster (5.9%) in the 3rd quarter of 2023. According to the advisory, however, preliminary data on the country’s net international investment position (IIP) also indicated a […]
Coins.ph, the Philippines’ leading cryptocurrency exchange and digital wallet provider, has announced a strategic partnership with Circle Internet Financial (Circle), a global fintech firm and issuer of USDC. IMAGE CREDIT: https://www.shutterstock.com/ The collaboration aims to raise awareness about the benefits of using USDC, the companies said in a joint press statement. According to the press […]
The Bangko Sentral ng Pilipinas (BSP) has maintained the moratorium on InstaPay and PESONet fees, according to Monetary Board Resolution No. 1599 dated December 7, 2023. A man holding a mobile phone while making transactions thru InstaPay and PESONet Under BSP Memorandum No. M-2021-071 dated 28 December 2021, financial institutions that participate in the InstaPay […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said the central bank’s strategy to support sustained economic growth is focused on three key challenges: managing monetary policy in a supply-shock economy; digitalizing the banking system; and maintaining a safe and efficient payments system that serves the unbanked. At the Philippine Economic Briefing (PEB) held […]
The City of Alaminos in Pangasinan has joined local government units (LGUs) that have adopted the “Paleng-QR Ph Plus” program to promote digital payments in public markets, public utility vehicles (PUVs), and business establishments. Alaminos City Mayor Arth Bryan C. Celeste and Bangko Sentral ng Pilipinas (BSP) North Luzon Regional Office (NLRO) Regional Director Noel […]
The Bangko Sentral ng Pilipinas (BSP) recognized seven outstanding partner institutions of its Mindanao Regional Office (MRO) and Branches during the 2023 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held last December 5 in Cagayan de Oro City. MBM Rosalia V. De Leon (front row, center) leads the recognition rites during the 2023 Outstanding Bangko Sentral […]
