Tag: BSP
BSP says PH banks remain strong
Domestic banks remain strong in the light of increased challenges brought by the collapse of two United States-based banks, citing their lower market risk exposure and...
BSP assures PH banking system ‘remains safe and sound’
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla on Friday assured the public that the country’s “banking system remains safe and sound” amid the...
Bacolod City launches digital payment system for vendors, PUV drivers
Bacolod City has officially launched the Paleng-QR Ph Plus that will allow over 1,800 market vendors and 1,100 public utility vehicle (PUV) drivers in the city to accept digital payments.
The launch...
High inflation causes BSP to hike key rates
Elevated domestic inflation rate was again the main factor for the upward adjustments in the Bangko Sentral ng Pilipinas’ (BSP) key rates that were...
BSP sees PH economy regaining post-pandemic vigor in 2022
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno forecasts
the Philippine economy regaining its previous vigor starting in the
last quarter of 2022.
“On the aggregate level,...
Inflation hits 4.9 percent in August
Rate of price increases accelerated to its fastest since January 2019
at 4.9 percent last August but the Bangko Sentral ng Pilipinas (BSP)
maintains that inflation...
BSP notes low number of bank clients seeking debt restructuring
The Bangko Sentral ng Pilipinas (BSP) said it noted a relatively low number of bank clients seeking debt restructuring for the first half of...
BSP denies currency ‘flash crash’
The Bangko Sentral ng Pilipinas (BSP) denied the reported currency "flash crash" on Tuesday, arguing that the trading platforms mentioned by observers were unofficial.
On...
Foreign direct investments drop to $6.5 billion in 2020
Foreign direct investments (FDIs), an indicator of an economy’s health, decreased by almost 25 percent in 2020 compared to 2019, with the Bangko Sentral...
BSP sees inflation rate hovering between 4.3% and 5.1% in Feb.
Inflation is seen to accelerate further between 4.3 percent and 5.1 percent for February 2021, with Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno...
