BSP Governor and Financial Stability Coordination Council Chairman Eli M. Remolona, Jr. (third from left) while leading the launch of the 2023 FSR at the BSP head office in Manila

Economy, News

BSP moves in lockstep with US Fed Reserve, says it is likely to hold on to higher rates for a while

calendar_today February 22, 2024 schedule 3 min read

The Bangko Sentral ng Pilipinas (BSP) has been focusing on financial stability since mid-2009 and one of the ways through which the central bank was. Read More...

Economy, News

LANDBANK advances agriculture growth in the countryside with P755.1-B loan package in 2023

calendar_today February 15, 2024 schedule 3 min read

Agriculture plays a key role in the Philippine economy. It contributes an average of 20 percent to the country's Gross Domestic Product (GDP) and now also. Read More...

Economy, News

End of January 2024 GIR level settles at US$103.4 billion, headline inflation dropped to 2.8% YOY

calendar_today February 9, 2024 schedule 3 min read

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. Read More...

Photo showing real estate, development and investing concepts with financial chart indicators and stock market graphs on city skyscrapers

Economy, News

FSCC to prioritize strengthening of the corporate bond market in 2024

calendar_today January 15, 2024 schedule 3 min read

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. Read More...

Economy, News

ADB sees PH expanding with the quickest growth rate in Southeast Asia

calendar_today December 18, 2023 schedule 3 min read

The Philippines is expected to have the fastest growth rate in Southeast Asia, but the Asian Development Bank (ADB) has maintained its economic growth projections. Read More...

A caricature from Balance.com showing difference between BOP deficit and BOP surplus

Economy, News

BSP predicts overall BOP to post surpluses in 2023-2024 as current account deficit narrows

calendar_today December 15, 2023 schedule 4 min read

The Monetary Board has approved the new set of 2023 and 2024 balance of payments (BOP) projections during its December 14 meeting. The new set. Read More...

Bird's eye view of high-rise buildings in the country's business district

Economy, News

World Bank says exports of digital services could aid in the economic growth of the Philippines

calendar_today October 25, 2023 schedule 2 min read

According to the World Bank, encouraging the expansion of digital service exports can aid the Philippines in overcoming its development issues. IMAGE CREDIT: https://www.worldbank.org/ The. Read More...

Picture of tall buildings and Makati skyscrapers

Economy, News

IMF completes “2023 Article IV mission” to PH, sees growth bouncing back to 5.3% by year-end

calendar_today October 5, 2023 schedule 5 min read

A team of experts from the International Monetary Fund (IMF) led by Mr. S. Jayanath Peiris recently conducted a series of discussions on the Philippine. Read More...

Facade shot of the Asian Development Bank building

Economy, News

ADB lowers its forecast for PH growth this year to 5.7% due to rising prices, outside challenges

calendar_today October 2, 2023 schedule 3 min read

By Jan Michael Carpo, Reporter The Asian Development Bank (ADB) has reduced its economic growth forecast for the Philippines in 2023 due to rising prices. Read More...

The country's economic managers led by Finance Secretary Diokno at the PH Dialogue: Economic Outlook and Opportunities in Doha, Qatar

Economy, News

BSP cites inflation targets and opportunities for investment in Islamic banking and finance sector

calendar_today September 18, 2023 schedule 2 min read

In a recent dialogue with the country's top economic managers held at Doha in Qatar last September 10, entitled "PH Dialogue: Economic Outlook and Opportunities,". Read More...