Rappler's latest stories on BSP Bangko Sentral ng Pilipinas
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
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
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
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
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
Pimentel on Aguilar, Duterte on Dela Rosa, BSP on Inflation | Midday wRap
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Sereno won’t resign, Malacañang on joint exploration, Duterte on UN rapporteurs | Evening wRap
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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.
Kuwait deployment ban, LTFRB on ride-hailing cap, Sharon Cuneta on Duterte | Evening wRap
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BSP lowers risk weighting for loans to boost MSMEs
‘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
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
The BSP shows that overall business confidence index for the 3rd quarter of 2017 plunged to 37 9 from 43 in the previous quarter
BSP moves to strengthen banks' governance
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
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
Chuchi Fonacier is new BSP deputy governor for bank supervision
Fonacier will fill the post vacated by BSP Governor Nestor Espenilla Jr
FDI net inflows down 61.1% to $874M in April
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
Meanwhile former socioeconomic planning secretary Felipe Medalla retains his position as member of the board
Peso breaches $1 to 50 mark again
'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
UPDATED This is simply a glitch The amount will be restored by the end of the day says BPI president and CEO Cezar Consing
Why Espenilla was chosen new BSP governor
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
Inflation remains unchanged at 3 4 in April bringing the average inflation in the first 4 months of the year to 3 2
Filipino consumers less optimistic in Q1
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
BSP liberalizes bank licensing regulations
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
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
FDI inflows hit $6.2B in first 10 months of 2016
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
Wrong documents wrong dates wrong government posts are cited
BSP to enforce new Europay Mastercard Visa system on January 1
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
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
Duterte threatens to 'whack' BSP, AMLC officials
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
MBC supports Tetangco’s extension as BSP governor
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
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
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
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
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
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
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
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
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
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
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
Foreign direct investments hit $2.2B in April
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
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
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
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
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
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
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
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
The net tightening is attributed to reduced tolerance for risk perception of stricter regulations and a more uncertain outlook on certain industries and firms
