The Philippine economy entered mid-2025 grappling with external headwinds, as the country posted a balance of payments (BOP) deficit in the first half of the year. Yet amid these challenges, brighter prospects emerged with J.P. Morgan placing Philippine government bonds on its positive watchlist for inclusion in the world’s most-followed emerging market bond index. From […]
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 its latest IIF Report, the Institute of International Finance (IIF), a global association of the financial industry with about 400 members from more than 60 countries, has recognized the Philippines as the leading country in its prestigious “2024 Investor Relations and Debt Transparency Report.” This accomplishment underscores the Philippines’ dedication to maintaining strong investor […]
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 […]
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. […]
According to the latest media advisory from the Bangko Sentral ng Pilipinas (BSP), personal remittances from Overseas Filipinos (OFs) saw a notable increase of 3.1% in April 2024, reaching US$2.86 billion. This growth continues to underscore the vital role of remittances in the Philippine economy, acting as a critical lifeline for many families and a […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. emphasized yesterday the crucial role of developing and deepening the Philippine capital markets for the country’s economy’s growth. Photo shows Euben Paracuelles (leftmost), Nomura Chief ASEAN Economist, while facilitating the panel discussion. Joining him were (starting at 2nd from left:) Iluminada T. Sicat, BSP Senior […]
At its meeting held earlier this week, the Philippine Monetary Board decided to maintain the Bangko Sentral ng Pilipinas (BSP)’s Target Reverse Repurchase (RRP) Rate at 6.50 per cent. The interest rates for the overnight deposit and lending facilities will also remain unchanged at 6.0 and 7.0 per cent, respectively. Risks to the inflation outlook […]
In its latest report, the Bangko Sentral ng Pilipinas (BSP) announced that preliminary data on the country’s net International Investment Position (IIP) had indicated a net liability position of US$51.3 billion by the end of December 2023, higher by 8.1 per cent than the US$47.5 billion recorded by the end of September this year. IMAGE […]
A trade official announced recently that the Philippines could soon be looking at forging commercially meaningful partnerships with US businesses and investors. The announcement was made in light of the expected arrival of an American trade mission to the country next week. “There will be a high-level delegation comprised of 22 business delegates, C-level representatives […]
