Rappler's latest stories on BSP
Hot money net outflows hit $345 million in November 2019
Foreign portfolio investments for November yield net outflows as a result of $1.5 billion fleeing, mainly from the United States
Start of 'ber' months boost overseas remittances
The BSP says remittances from overseas Filipinos grows by 6% in September
Shuttered AMA Bank refuses to turn over records – PDIC
PDIC gives employees of AMA Bank of Mandaluyong 24 hours to turn over bank records or face the 'full force of law'
Over $1 billion in hot money flees Philippines
Foreign portfolio investments post a net outflow of $1.1 billion from January to August 2019, reversing the net inflow of $602 million in the same period last year
BSP to build modern security plant complex in New Clark City
The Bangko Sentral ng Pilipinas plans to complete the construction of the new currency production facility in Capas, Tarlac in two years
Duterte appoints Diokno as Bangko Sentral governor
(3rd UPDATE) Benjamin Diokno will serve the remaining term of the late Bangko Sentral ng Pilipinas governor Nestor Espenilla Jr until 2023
Feeling the inflation pinch, Filipinos hold back on spending
TheNerve’s survey results show Filipinos feeling financially worse off in 2018
Korean intercepted at NAIA for carrying P25.7 million
The Bangko Sentral ng Pilipinas allows foreign travelers to carry only up to $10,000 whenever they enter or leave the country
Bangko Sentral raises inflation forecast for 2018, 2019
The Bangko Sentral ng Pilipinas sees 2018 full-year inflation hitting 4.9% and 2019 average inflation at 3.7%
Inflation hits another fresh high of 5.7% in July 2018
(UPDATED) This is mainly due to prices of food and non-alcoholic beverages, which keep rising
BSP shuts down Batangas-based Tiaong Rural Bank
Tiaong Rural Bank, Inc. is the 6th problmatic bank to be shut down this year
June 2018 inflation soars to 5.2%
(5TH UPDATE) Inflation climbs to another fresh high, exceeding market expectations and government forecasts
Philippine peso breaches P53 to $1 level, falls to 12-year low
The peso closes at P53.23 to $1, its weakest level since June 2006
#ThewRap: Things you need to know, June 5, 2018
Hello! Here are the stories you shouldn't miss this Tuesday.
Inflation rate, COA on Binays, Apple updates | Midday wRap
Watch Rappler’s midday newscast with Bea Cupin
Philippine inflation spikes at 4.6% in May 2018
(2nd UPDATE) Inflation hits a new 5-year high
PH hot money net inflows hit $279M in April
Data from the Bangko Sentral ng Pilipinas show that the country had a net inflow of foreign portfolio investments for the second straight month in April with $279.28 million, 5 times more than in the same month last year
BSP to demonetize commemorative coins from 1974 to 1994
The central bank says the commemorative coins will remain legal tender (mode of payment) up to April 30, 2019
Philippines posts sharpest drop in remittances in 15 years
This comes on the heels of the repatriation of overseas Filipino workers from Middle East countries
Foreign direct investments in PH continue to strengthen in February
The country's central bank governor says this reflects investor confidence in the country’s sound macroeconomic fundamentals and growth prospects
Bangko Sentral ng Pilipinas hikes interest rates for first time since 2014
The country's central bank expects the inflation rate to be higher in the coming months
BSP revokes licenses of money changers linked to pork barrel scam
Edzen Enterprises and World Wide Money Changer are found to have violated the Anti-Money Laundering Act
Philippines' forex buffer hits 3-year low in April
This is dragged by outflows arising from payments made by the national government for its maturing foreign obligations as well as the foreign exchange operations of the central bank
Majority of Filipinos still have no bank account – World Bank
While the gap remains, the number of Filipino adults holding formal bank accounts is now higher, accelerated by mobile phones and the internet
BSP issues new rules to protect credit cardholders, spur entry of new players
The Bangko Sentral ng Pilipinas has issued the implementing rules and regulations of the credit card law, strengthening protection for the country's 8 million credit cardholders
Philippine inflation rises to 4.5% in April 2018
Inflation reaches another 5-year high amid price increases for alcoholic beverages and tobacco; transport; as well as housing, water, electricity, gas, and other fuels
Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'
While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed
Rising gas, food prices seen to push PH inflation faster
The movement of prices of basic goods and services is seen to be faster in April
Bangko Sentral shuts down rural bank in Misamis Oriental
The Rural Bank of Initao is the 3rd rural bank to be ordered closed in 2018
BSP launches InstaPay electronic fund transfer service
Real-time fund transfers or payments of up to P50,000 per transaction, without limit, are allowed in a day
Pimentel on Aguilar, Duterte on Dela Rosa, BSP on Inflation | Midday wRap
Watch Rappler's midday newscast with Jee Geronimo
Philippine inflation rate averages 3.8% for Q1 2018
(3rd UPDATE) Inflation hits its highest quarterly average since 2014 as the tax reform law, higher oil prices, a weaker peso, and the tightening of US monetary policy take their toll
MRT, LRT ticketing machines now accept new peso coins
Commuters can already use the newly designed P1, P5, and P10 coins at ticket vending machines of the MRT3, LRT1, and LRT2
Philippine remittances growth slows down in February
Cash remittances, or remittances formally channeled through banks, register $2.27 billion in February 2018, representing 4.5% year-on-year growth from the same month a year ago
House panel mulls declaring Boy Scouts of the Philippines as NGO
A technical working group will consolidate 4 bills recognizing the Boy Scouts of the Philippines as an independent, voluntary, and autonomous organization
Philippines starts 2018 with foreign direct investments up by over 50%
Foreign direct investment inflows reach $919 million in January 2018, up from the $587 million in January 2017
Philippine inflation continues to rise at 4.3% in March
(UPDATED) Higher price increases are noted in rice, corn, fish, fruits, and vegetables, according to data from the Philippine Statistics Authority
Bank lending, liquidity both up in February
Bank loans expand by 19.5% in February, pushing domestic liquidity to an estimated P10.7 trillion for the month, according to the Bangko Sentral ng Pilipinas
Inflation concerns weaken consumer sentiment in Q1 2018
The Bangko Sentral ng Pilipinas says the overall confidence index dropped to 1.7% in the 1st quarter of 2018 from 9.5% in the 4th quarter of 2017, as consumers fear higher prices and low income
LOOK: Newly designed Philippine coins
The Bangko Sentral ng Pilipinas says the new coins will coexist with the old coins in circulation
PH economy reverts to hot money outflows of $545 million in February
The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike
OFW cash remittances start 2018 strong at $2.37 billion
Cash remittances or those channeled through banks are up 9.7% from January last year, while personal remittances are also up by 10.8% to $2.65 billion
Record high again for foreign investments in Philippines
But the growth of foreign direct investments in the Philippines in 2017 was substantially lower than in 2016
With rising inflation, NEDA calls for measures to help the poor
Socioeconomic Planning Secretary Ernesto Pernia says the government 'must pay closer attention to the poor,' as inflation hits a new 3-year high
Philippine inflation hits new 3-year high at 4.5% in February
(3rd UPDATE) Higher prices of food and drinks, among others, drive the cost of living up, with inflation at its fastest rate since August 2014
Sereno won’t resign, Malacañang on joint exploration, Duterte on UN rapporteurs | Evening wRap
Watch the evening newscast with Jee Geronimo
Business confidence drops in first 3 months of 2018
The overall confidence index of Q1 2018 slips to 39.5% from 43.3% for Q4 2017 due to the initial stages of the tax reform, lower demand, and high oil prices, says the Bangko Sentral ng Pilipinas. However, the BSP says the outlook is brighter for Q2 of this year.
BSP governor recovering from tongue cancer
But for Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr, it is 'work as usual,' as he closely monitors peso volatility
5 tourists intercepted at NAIA for carrying P2.4 million
A person may only carry up to P50,000 into or out of the country. Amounts above P50,000 require written authorization from the Bangko Sentral ng Pilipinas.
BSP Monetary Board member Valentin Araneta dies
The Bangko Sentral ng Pilipinas will hold a necrological service in his honor on Friday, February 23, at its headquarters
