BSP Bangko Sentral ng Pilipinas - updates

Rappler's latest stories on BSP Bangko Sentral ng Pilipinas


Hot money net outflows hit $345 million in November 2019

Dec 19, 2019 - 8:05 PM

Foreign portfolio investments for November yield net outflows as a result of $1.5 billion fleeing, mainly from the United States

Over $1 billion in hot money flees Philippines

Sep 20, 2019 - 12:25 PM

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

Sep 14, 2019 - 3:17 PM

The Bangko Sentral ng Pilipinas plans to complete the construction of the new currency production facility in Capas, Tarlac in two years

Inflation hits another fresh high of 5.7% in July 2018

Aug 07, 2018 - 9:05 AM

(UPDATED) This is mainly due to prices of food and non-alcoholic beverages, which keep rising

INFLATION. Prices of food and basic commodities soar in July. Photo by Jire Carreon

Foreign direct investments in PH continue to strengthen in February

May 11, 2018 - 4:30 PM

The country's central bank governor says this reflects investor confidence in the country’s sound macroeconomic fundamentals and growth prospects

BSP issues new rules to protect credit cardholders, spur entry of new players

May 04, 2018 - 3:31 PM

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

Pimentel on Aguilar, Duterte on Dela Rosa, BSP on Inflation | Midday wRap

Apr 20, 2018 - 12:59 PM

Watch Rappler's midday newscast with Jee Geronimo

Sereno won’t resign, Malacañang on joint exploration, Duterte on UN rapporteurs | Evening wRap

Mar 02, 2018 - 8:03 PM

Watch the evening newscast with Jee Geronimo

Business confidence drops in first 3 months of 2018

Mar 02, 2018 - 3:58 PM

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.

Kuwait deployment ban, LTFRB on ride-hailing cap, Sharon Cuneta on Duterte | Evening wRap

Feb 12, 2018 - 8:17 PM

Watch the evening newscast with Mara Cepeda

BSP lowers risk weighting for loans to boost MSMEs

Nov 03, 2017 - 4:32 PM

‘The policy intends to facilitate the increased flow of funds to MSMEs that will translate to the further growth of the sector and of the domestic economy,' says the Bangko Sentral ng Pilipinas

BSP warns it will go after those who mutilate peso bills, coins

Oct 06, 2017 - 5:03 PM

Bangko Sentral ng Pilipinas vows to punish those seen in a video burning peso bills. The perpetrators can be fined up to P20,000 and jailed for up to 5 years.

Business confidence in PH plunges to 3-year low

Aug 25, 2017 - 11:15 PM

The BSP shows that overall business confidence index for the 3rd quarter of 2017 plunged to 37 9 from 43 in the previous quarter

LESS OPTIMISTIC. Business confidence in the Philippines during this quarter was the lowest percentage recorded since the 3rd quarter of 2014, when confidence index reached 34.4% Rappler file photo

BSP moves to strengthen banks' governance

Aug 22, 2017 - 5:58 PM

The central bank says the amendments to the BSP corporate governance guidelines raise the bar on the expectations from the board of directors and risk management systems of its supervised financial institutions

BSP boosts fight vs fake Philippine peso bills

Aug 06, 2017 - 12:59 AM

The Bangko Sentral ng Pilipinas says it has arrested at least 4 suspects accused of faking Philippine peso bills in the first semester of 2017

COUNTERFEITING TOOLS. Actual inventory of the seized/confiscated counterfeit 1000- and 500-peso banknotes, printing machine, scanner and printing paraphernalia found inside the house premises of suspects during the anti-counterfeiting operation on March 10, 2017. Photo by BSP.

Chuchi Fonacier is new BSP deputy governor for bank supervision

Jul 23, 2017 - 11:29 PM

Fonacier will fill the post vacated by BSP Governor Nestor Espenilla Jr

NEW CHIEF. Chuchi Fonacier is the first woman to head Bangko Sentral ng Pilipinas' Supervision and Examination Sector. Image from BSP

FDI net inflows down 61.1% to $874M in April

Jul 10, 2017 - 6:00 PM

The net inflows total 2 4 billion for January to April this year down 32 compared to the 3 6 billion in the same period a year ago

Favila, Abacan get seats in Bangko Sentral's Monetary Board

Jun 29, 2017 - 6:30 PM

Meanwhile former socioeconomic planning secretary Felipe Medalla retains his position as member of the board

COMPLETE. Medalla (left) retained, Favila (middle) and Abacan (right) named new members of the Monetary Board. Favila and Abacan photos from GT Capital

Peso breaches $1 to 50 mark again

Jun 20, 2017 - 6:54 PM

'It is a reaction to external developments, particularly the hawkish statements of Fed officials overnight,' says BSP Governor Amando Tetangco Jr

BPI assures clients: You'll get your money back

Jun 07, 2017 - 10:13 AM

UPDATED This is simply a glitch The amount will be restored by the end of the day says BPI president and CEO Cezar Consing

BPI GLITCH..Customers check their account after learning that their account was debited on BPI Branch in Manila. Photo by Inoue Jaena/Rappler

Why Espenilla was chosen new BSP governor

May 13, 2017 - 12:57 PM

Former Central Bank governor Jose Cuisia has these to say about BSP s Amando Tetangco Nestor Espenilla and Diwa Guinigundo

Inflation remains steady in April

May 05, 2017 - 6:09 PM

Inflation remains unchanged at 3 4 in April bringing the average inflation in the first 4 months of the year to 3 2

UNCHANGED. A street vendor counts Philippine peso currency in Manila on September 13, 2012. Photo by Jay Directo/AFP

Filipino consumers less optimistic in Q1

Mar 25, 2017 - 7:47 PM

Based on the results of the 1st Quarter Consumer Expectation Survey the consumer confidence index slipped to 8 7 from a record high 9 2 in the fourth quarter of 2016

The latest BSP Consumer Expectation Survey reported lower consumer confidence levels for all 3 readings of the current quarter, next quarter, and coming year.

BSP liberalizes bank licensing regulations

Feb 26, 2017 - 8:00 PM

The enhanced regulations align its screening of banks with international standards and comes on the heels of the lifting of the ban on new domestic banks

Anti-Money Laundering Council head resigns

Jan 30, 2017 - 5:28 PM

This is not a decision that was taken lightly but I believe that this is the right time for me to voluntarily relinquish my post says Julia Bacay Abad

MORE WORK. Julia Bacay-Abad's successor will have to continue seizing the entire $81-million funds stolen from the account of Bangladesh Bank, which was coursed through the Philippines. Photo by Alecs Ongcal/Rappler

FDI inflows hit $6.2B in first 10 months of 2016

Jan 10, 2017 - 8:25 PM

This is despite inflows of foreign investments for October 2016 slowing to 342 million compared to the 399 million seen in October 2015

5 reasons the gold shipment complaint vs Aquino is a joke

Jan 07, 2017 - 7:53 AM

Wrong documents wrong dates wrong government posts are cited

In Perito and Cantora's affidavit, Mar Roxas is Secretary of Department of Nutrition and Local Government and Leila De Lima is Secretary of Department of Finance.

BSP to enforce new Europay Mastercard Visa system on January 1

Dec 30, 2016 - 7:29 PM

Despite the deadline customers of banks who have not yet replaced the magnetic strip cards with new EMV ones will still be able to use their cards at ATMs after January 1

Declare Duterte 'unfit' for office, De Lima asks Cabinet

Dec 24, 2016 - 10:37 AM

The Cabinet should seriously consider declaring him unfit to perform the duties of the President in order to save this nation from the ramblings of a madman

UNFIT. Senator Leila de Lima urges the Cabinet to declare President Rodrigo Duterte 'unfit' for office.

Duterte threatens to 'whack' BSP, AMLC officials

Dec 22, 2016 - 7:35 PM

I m going to charge all of you there criminally I ll count one to three and if you don t resign I will treat you as a drug addict says President Rodrigo Duterte

'DO MORE.' President Rodrigo Duterte wants government employees to do more in fighting corruption. File photo by Toto Lozano/ Presidential Photo

MBC supports Tetangco’s extension as BSP governor

Nov 29, 2016 - 4:36 PM

The premier business club throws its weight behind President Duterte’s wish to amend the law to allow Tetangco to serve an unprecedented 3rd term

Business confidence dips for Q4 2016, start of 2017

Nov 25, 2016 - 7:20 PM

Concerns over the direction of the Duterte administration s foreign policy and reforms and the weak peso outweigh expectations of a Christmas boost according to the Q4 Business Expectations Survey

PH net inflow of 'hot money' hits $60 million

Nov 18, 2016 - 3:51 PM

October’s net inflow of foreign portfolio investments is a dramatic turnaround from the 807 million net outflow seen in September

AMLC releases documents on De Lima after Duterte outburst

Nov 15, 2016 - 6:20 PM

The Anti Money Laundering Council complies with the Department of Justice request after President Rodrigo Duterte publicly chastises it for allegedly turning a blind eye to money launderers

BSP adds Chinese RMB to PH's foreign reserve currencies

Oct 24, 2016 - 6:38 PM

The move means that the Bangko Sentral may now hold the currency to ensure it s available when needed

Foreign direct investments in PH up 7% in July

Oct 10, 2016 - 7:30 PM

Total FDI net inflows for the first 7 months of the year reach 4 7 billion according to the Bangko Sentral ng Pilipinas

BSP eases forex limits for consumers, corporations

Sep 15, 2016 - 12:30 PM

The new regulations lift the cap on foreign currency that can be purchased without supporting documents to 500 000 for individuals and 1 million for firms among others

Electronic clearing of checks to start January 2017 – BSP

Sep 14, 2016 - 5:13 PM

The new check clearing process is expected to speed up the crediting of funds to depositors accounts from 3 to 5 banking days to only one banking day

PH business confidence in Q3 hits record high despite dip from Q2

Aug 27, 2016 - 4:22 PM

Despite the dip from the previous quarter the confidence index for the third quarter is the highest ever recorded and is expected to rebound by end of the year according to the latest BSP Business Expectations Survey

Strong Q2 showing maintains pace for more inclusive growth – DOF

Aug 18, 2016 - 7:00 PM

We expect to continue this growth trajectory but with a difference from the previous administration because we will be reducing poverty rates says Finance Secretary Carlos Dominguez III

P1B fine unlikely to weaken RCBC's financial profile - Fitch

Aug 09, 2016 - 8:45 PM

The P1 billion penalty is the largest ever imposed by the Bangko Sentral ng Pilipinas and is equivalent to about 20 of RCBC s 2015 net income

STABILITY. Fitch Ratings says RCBC will remain financially stable in the medium term despite the lender's involvement in the $81 million Bangladesh Bank heist

Foreign direct investments hit $2.2B in April

Jul 11, 2016 - 7:00 PM

April s result means that FDI inflows have hit a combined 3 5 billion for the first 4 months of the year says the BSP

Inflation rises by 1.9% in June 2016

Jul 05, 2016 - 7:25 PM

The rising price of oil and the lingering effects of El Niño push the Philippines inflation up

Inflation up 1.6% in May, highest this year

Jun 08, 2016 - 8:43 AM

NEDA attributes the increase to election spending and supply constraints caused by El Niño

Housing prices rise by 9.7% in NCR, 9.4% outside NCR – BSP

Jun 06, 2016 - 1:00 PM

Condo units the most common housing purchase in the National Capital Region post the highest year on year growth in prices

National ID to benefit unemployed, unbanked Filipinos

May 24, 2016 - 7:07 PM

The majority of unbanked Filipinos are unemployed A national ID would remove a key barrier to opening a bank account that would allow them to fully enjoy financial technology

BSP provides relief to banks in El Niño-hit areas

May 19, 2016 - 3:29 PM

Due to severe drought conditions affecting several provinces borrowers in affected areas will have difficulty paying their loans the BSP says

BSP, JP Morgan optimistic about PH growth under Duterte

May 13, 2016 - 6:00 PM

We would expect that the economy will continue to be stable and the macro economy will continue to attract confidence of the markets says the BSP

PH foreign direct investments hit $936M in Jan-Feb 2016

May 11, 2016 - 12:35 AM

Net FDI inflows in the first two months of 2016 double from a year ago although a slowdown is recorded in February

Banks tightened standards for business loans in Q1 2016 – BSP

Apr 22, 2016 - 5:33 PM

The net tightening is attributed to reduced tolerance for risk perception of stricter regulations and a more uncertain outlook on certain industries and firms