Economy, News

BSP report says PH financial system is exhibiting resilience, supports economic recovery

calendar_today May 7, 2024 schedule 2 min read

The Bangko Sentral ng Pilipinas (BSP) recently issued its Report on the Philippine Financial System for the second semester of 2023, highlighting the Philippine financial system’s resilience amidst macroeconomic uncertainties while supporting the country’s economic recovery and growth. IMAGE CREDIT: www.bsp.gov.ph The report covers the performance of foreign bank branches and subsidiaries, foreign currency deposit […]

Monetary Board approved US$3.32-B foreign borrowings of the public sector in Q4 of 2023

calendar_today January 24, 2024 schedule 2 min read

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 […]