Economy / Banking

BSP pushes for stiffer laws vs fake bills

Robie de Guzman   •   January 28, 2022

  The Bangko Sentral ng Pilipinas (BSP) is eyeing the implementation of tighter laws against coin hoarding and counterfeiting of Philippine currency. In a statement, the BSP said it is...

Palace says PH economic growth proof of strength, resilience amid challenges

Robie de Guzman   •   January 27, 2022

MANILA, Philippines – Malacañang views the growth of the Philippine economy as evidence of the country’s strength and resilience despite the challenges it is facing brought about by the coronavirus...

Philippine economy grows 5.6% in 2021 – PSA

Robie de Guzman   •   January 27, 2022

MANILA, Philippines – The Philippine economy grew faster at 5.6 percent, higher than the government’s target range for the fourth quarter of 2021, the Philippine Statistics Authority (PSA) said Thursday....

Philippines’ Q3 GDP growth revised to 6.9%

Robie de Guzman   •   January 27, 2022

The Philippines’ gross domestic product (GDP) growth rate for the third quarter was revised downward to 6.9 percent from the preliminary estimate of 7.1 percent made last year, the Philippine...

BSP launches PESONet multi-batch settlement

Robie de Guzman   •   January 24, 2022

The Bangko Sentral ng Pilipinas (BSP), with the Philippine Payments Management Inc. on Monday said it has launched Multiple Batch Settlement (MBS) facility of the PESONet electronic fund transfer service....

BSP assures public access to banking services under Alert Level 3

Robie de Guzman   •   January 7, 2022

The Bangko Sentral ng Pilipinas (BSP) on Friday assured that the public will continue to have access to banking services amid the implementation of the COVID-19 Alert Level 3. The...

Inflation rate goes down to 3.6% in December 2021

Maris Federez   •   January 5, 2022

MANILA, Philippines — The country’s inflation slowed down to an 11-month low of 3.6 percent in December, the Philippine Statistics Authority (PSA) reported on Wednesday. In a virtual briefing, National...

Bangko Sentral suspends InstaPay, PESONet fee hikes

Robie de Guzman   •   December 30, 2021

The Bangko Sentral ng Pilipinas (BSP) has temporarily suspended the increases in InstaPay and PESONet fees for person-to-person fund transfers. In a statement, the BSP said banks and e-money issuers...

BSP reminds banks to ensure ATMs have enough cash during holiday season

Robie de Guzman   •   December 30, 2021

The Bangko Sentral ng Pilipinas (BSP) has reminded banks to ensure the availability of cash in their automated teller machines (ATMs) during the long holiday break. In a statement, the...

PH gov’t to draw $80M from WB standby loan for relief, rehab of Odette-hit areas – DOF

Robie de Guzman   •   December 24, 2021

MANILA – The Department of Finance (DOF) is set to draw this week US$80 million (about Php4-billion) of the World Bank’s (WB) US$500-million standby credit line extended to the Philippines...

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