If you think high oil prices and increasing bank interest rates only concern motorists and business owners, think again! In a press release posted on its website, the Philippines’ leading central banker has recently issued a warning about the risks facing the nation’s financial system due to energy-related products and the ongoing high-interest rate environment. […]
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 […]
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 […]
The Financial Stability Coordination Council (FSCC) recently held its 38th Executive Committee meeting with no less than Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. presiding the gathering. BSP Governor and Financial Stability Coordination Council Chairman Eli M. Remolona, Jr. (third from left) is shown here while leading the launch of the 2023 […]
The Bangko Sentral ng Pilipinas (BSP) and the Deutsche Bundesbank have formalized their partnership on capacity building for central bank personnel with the signing of a Memorandum of Understanding (MOU) at the BSP head office in Manila recently. Deutsche Bundesbank is the independent central bank of the Federal Republic of Germany. It has since formed […]
To restore the profitability of banks and guarantee business continuity, the Bangko Sentral ng Pilipinas (BSP) has recently advised mid-sized banks to create and submit their recovery frameworks against high-stress scenarios. Facade shot of the BSP building in Manila (IMAGE CREDIT: www.bsp.gov.ph) Speaking during the 2023 annual convention of the Chamber of Thrift Banks (CTB), […]
In a speech delivered during the Post-State of the Nation Address Philippine Economic Briefing (PEB) in Laoag City, Ilocos Norte, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. underscored the BSP’s commitment to further championing its sustainability agenda in the financial system. “We want to strengthen our programs for sustainability, but we want […]
