Veteran banker’s appointment to MB seen as a big boost to ensuring PH’s financial stability
In a significant development for the Philippine financial sector, President Ferdinand R. Marcos, Jr. has recently appointed veteran banker Walter…
Monetary Board keeps policy settings unchanged
The Philippine Monetary Board, at its meeting earlier this week, has decided to retain the Bangko Sentral ng Pilipinas (BSP)’s…
Latest BOP projection sees a sustained surplus in 2024, but it can pivot to a deficit position in 2025
More funds could soon be entering the country this 2024 but the same may probably not be maintained, leading to…
Monetary Board maintains policy settings in view of predicted El Niño return this year
Due to its location in the Pacific region, the Philippines has often experienced the adverse consequences of El Niño —…
Monetary Board approved US$3.32-B foreign borrowings of the public sector in Q4 of 2023
For the period October to December 2023, the Philippine Monetary Board has approved seven (7) public sector medium-to-long-term (MLT) foreign…
Newly-appointed Finance Secretary Recto joins PH Monetary Board as Cabinet representative
President Ferdinand R. Marcos, Jr. has recently designated Finance Secretary Ralph G. Recto as Cabinet representative to the Monetary Board…
BSP proposes minimum P3-B capitalization for Islamic banks, consultations ongoing
The Monetary Board, the policy-making arm of the Bangko Sentral ng Pilipinas (BSP), is proposing that capital requirements for Islamic…