Diwa Guinigundo - updates

Rappler's latest stories on Diwa Guinigundo


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

Philippine bankers cheer Espenilla's appointment

May 09, 2017 - 6:16 PM

UPDATED Outgoing BSP Governor Amando Tetangco Jr and most bankers got what they asked and hoped for: an insider with years of central banking experience

ESPENILLA. Nestor Espenilla Jr is the next Bangko Sentral ng Pilipinas (BSP) Governor. Photo by Inoue Jaena/Rappler

Duterte appoints Espenilla as BSP governor

May 08, 2017 - 7:35 PM

UPDATED A very wise choice after a thorough evaluation of the future needs of the country and of all the candidates says Finance Secretary Carlos Dominguez III

NEW APPOINTEE. President Rodrigo Duterte shakes hands with next Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr on May 8, 2017. Malacañang photo

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 keeps policy stance, cuts inflation forecast

Mar 23, 2017 - 9:15 PM

The Bangko Sentral ng Pilipinas lowers its inflation outlook for 2017 and 2018 to 3 4 and 3 respectively

WIDELY EXPECTED. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr says the US Federal Reserve rate hike is widely expected and already priced in. Screenshot from BSP Youtube page

Who should be next BSP chief? Tetangco prefers 'insider'

Mar 14, 2017 - 5:08 PM

Expertise familiarity and patience are the top 3 qualities Amando Tetangco Jr look for in his successor

BSP maintains monetary policy, inflation targets

Dec 22, 2016 - 8:25 PM

The Bangko Sentral ng Pilipinas keeps the inflation target for 2017 and 2018 at 3

RATE KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

BSP downplays impact of typhoons on inflation

Oct 21, 2016 - 5:35 PM

The central bank says it has taken measures to avert any sharp increase in the price of basic commodities particularly rice

DOWNPLAYS. The central bank downplays the impact of Super Typhoons Karen and Lawin - which battered Northern Luzon over the past two weeks - on inflation. Rice photo by AFP

PH peso weakest in region, but not alarming for economic managers

Sep 28, 2016 - 8:39 PM

For the country s economic team the Philippines has enough buffers to survive the external headwinds

EXTERNALLY DRIVEN. The country's economic team says economic fundamentals remain favorable and that the recent peso weakness was externally driven. File photo from Agence France-Presse

Philippines maintains monetary policy; cuts inflation forecasts

Aug 11, 2016 - 8:45 PM

The BSP trims inflation forecasts for this year and the next to 1 8 from 2 and to 2 9 from 3 1 respectively

RATE KEPT. BSP Governor Amando Tetango says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

Japan Credit Rating Agency affirms PH's BBB+ rating

Aug 03, 2016 - 5:00 PM

The rating comes with a stable outlook indicating resilience to external shocks and a relatively sound fiscal position

Duterte admin to roll out stalled PPP deals by 2017 – NEDA chief

Jul 06, 2016 - 5:37 PM

This administration will not do what the last administration did Finance Secretary Carlos Dominguez III says

INFRA BACKLOG. The Duterte administration will push forward public-private partnership (PPP) projects that stopped making progress under former President Benigno Aquino III's watch

PH cuts GDP growth target for 2016, 2017

Jul 05, 2016 - 3:05 PM

3rd UPDATE The country s GDP growth target for 2016 has been reduced to 6 7 and for 2017 to 6 5 7 5

TRIMMED TARGETS. The Philippines expects lower economic growth this year and in 2017. In the photo are (L-R) NEDA's Pernia, DBM's Diokno, DOF's Dominguez, and BSP's Guinigundo, forming President Rodrigo Duterte's economic team. Photo by Chrisee Dela Paz/Rappler

BSP to shift to interest rate corridor in June

May 16, 2016 - 1:15 PM

UPDATED The BSP says the shift to IRC does not represent a change in the central bank s monetary policy stance

NEW FRAMEWORK. BSP expects the new interest rate framework to support the development of Philippine capital markets. File photo from Bangko Sentral ng Pilipinas

Exchange 'old' bills until December 2016 – BSP

Dec 21, 2015 - 4:37 PM

But starting January next year only New Generation Currency bills will be in circulation the Bangko Sentral ng Pilipinas says

REMINDERS. Bangko Central ng Pilipinas Deputy Governor Diwa Guinigundo urges the public to start exchanging their old banknotes in any authorized agent bank even if they are not depositors. By January 1, 2016, the New Denomination Series can no longer be used for daily transactions. File photo by Joel Leporada/Rappler

BSP expects healthier BOP surplus in 2016

Dec 21, 2015 - 9:07 AM

This is despite recording a deficit of 141 million P6 67 billion due primarily to debt repayments in November

ON-COURSE. Despite falling back into a deficit in November, the country is still on track to fulfill its balance of payments surplus target of $2 billion for this year. File photo by Agence France-Presse

PH consumers' sentiment highest in 2 years – BSP

Dec 12, 2015 - 2:18 PM

While it is one of the highest ratings since 2007 It is still negative meaning there are more pessimists out there than optimists says the BSP Deputy Governor

FAVORABLE OUTLOOK.  The more favorable outlook in the fourth quarter Consumer Expectations Survey 2015 is due to expectations of more jobs and increase in the number of working family members, as well as additional income with the release of Christmas bonus and 13th month pay. Image from Facebook page of Tutuban Center

Foreign portfolio investments result in net inflows in October – BSP

Nov 13, 2015 - 5:12 PM

There are still a lot of uncertainties in the market Hence the target of a higher foreign portfolio investments could be a challenge BSP deputy governor Diwa Guinigundo says

HOT MONEY. The central bank says 31.2% went to peso-denominated government securities while the rest of the investments were in other peso debt instruments.

Lower remittances seen in Q3

Oct 21, 2015 - 1:29 PM

Barclays ING Bank say the weakness of regional currencies against the US dollar have been holding some overseas Filipinos from sending more money back home

BSP confident remittances to grow 5% despite August setback

Oct 17, 2015 - 3:01 PM

I believe remittances will continue to be stable at around 5 for 2015 BSP deputy governor Diwa Guinigundo says

INCREASED OFW REMITTANCES. Filipinos overseas are expected to send more money for their families here in the Philippines this quarter in preparation for the Christmas holidays. Shutterstock photo

PH peso pierces back to P45:$1 level

Oct 09, 2015 - 8:04 PM

PH peso closes at P45 87 to 1 October 9 the first time in nearly 2 months since the yuan devaluation and imminent US Fed interest rate hike

The Philippne peso on Friday, October 9 gained 24 centavos and pierced the P45 to $1 level. Stitched images from Shutterstock

Inflation continues to drop, hits 0.4% in September

Oct 06, 2015 - 3:11 PM

The low inflation environment in the first 9 months of 2015 is seen to persist throughout the rest of the year the NEDA chief says

DROP. Headline inflation continues to hit below 1% for the third consecutive month, as September 2015 record falls to 0.4%, the National Economic and Development Authority (NEDA) reports Tuesday, October 5, 2015.

For the 8th time, key interest rates still unchanged

Sep 24, 2015 - 7:30 PM

The benign inflation outlook also provides ample room to keep monetary policy settings unchanged at this time

PH balance of payments books biggest deficit

Sep 18, 2015 - 5:17 PM

August s balance of payments at 450 million is the biggest since January 2014 when the country books a deficit of 4 48 billion

EXTERNAL FACTORS. The country’s BOP position in August reflects the decision of the People’s Bank of China to devalue the Chinese yuan on August 11 and the blood bath in the global stock market on August 24. File photo from Agence France-Presse

PH peso breaches P47:$1, recovers to P46.93

Sep 08, 2015 - 7:47 PM

The weakening of the currency is not unique to the Philippines as currencies in the region continued to depreciate against the US dollar BSP Deputy Governor Diwa Guinigundo says

CLOSE CALL. The peso opens at P47 to $1 during Tuesday’s trading and hit an intraday low of P47.04 to $1 – the lowest in more than 5 years or since the peso closed at P47.10 to $1 on May 25, 2010. Stitched images from Shutterstock

BSP to release new real estate price index before end 2015

Sep 03, 2015 - 7:00 PM

The index is meant to aid the BSP in monitoring property prices in Metro Manila and nearby provinces

REAL ESTATE PRICE INDEX. As early as 2014, the BSP was contemplating on launching the index that would track property prices in Metro Manila and nearby provinces.

PH peso rebounds from 3-day losing streak

Aug 13, 2015 - 7:28 PM

The exchange rate remains flexible and market determined BSP Deputy Governor Diwa Guinigundo says

BSP maintains policy rates, lowers inflation forecast

Aug 13, 2015 - 6:16 PM

Given firm domestic demand the BSP apparently considers that the Philippine economy does not require additional stimulus from monetary policy

PH peso weakens further to P46:$1

Aug 12, 2015 - 5:42 PM

Despite the newest 5 year low record BSP s Deputy Governor Diwa Guinigundo says the peso is holding its ground and is one of the least depreciated currency in the region

'Invest in PH now' - Gov't, business make pitch to US investors

Jun 29, 2015 - 12:27 AM

The conference is part of a high level 3 city trade mission aimed at encouraging US investment in the country

Filipino consumers more pessimistic in Q2 2015

Jun 12, 2015 - 1:36 PM

Filipinos however expect to save and spend more in the second quarter than the first 3 months of the year the BSP says

Foreign direct investments rise by 17.9% in February

May 11, 2015 - 4:39 PM

Year to date net inflows reach 622 million which is 48 6 lower than the 1 2 billion recorded in the same period in 2014

Foreign direct investments fall by 71% in January

Apr 10, 2015 - 3:55 PM

The latest record is the lowest in 13 months

Allot P100B agri-agra fund to socialized housing, gov't urged

Mar 27, 2015 - 6:40 PM

The central bank is looking into the proposal of the Chamber of Real Estate and Builders Association CREBA to tap the unused agri agra funds to solve the housing backlog in the country

Economic reforms to continue beyond 2016 – BSP

Mar 26, 2015 - 5:08 PM

BSP Deputy Governor Diwa Guinigundo gives the assurance amid foreign investors concerns

ASSURANCE The BSP assures foreign investors that the Aquino administration's economic reforms would continue beyond 2016. Rappler file photo

BSP: PH to weather emerging market turmoil

Sep 02, 2013 - 7:45 AM

The anticipated unwinding of the US Federal Reserve s stimulus program as well as the slowdown of the global economy are threats to economic stability but the Philippines should be able to weather the uncertainties

Conference tackles implications of PH investment grade

May 23, 2013 - 11:38 PM

Officials from the government and private sector will discuss what precisely the recent upgrade of the Philippine investment credit rating means

BSP keeps rates unchanged

Sep 08, 2011 - 8:00 AM

On September 8 2011 The Bangko Sentral ng Pilipinas BSP announced that it would keep key interest rates unchanged amid lower than expected inflation in July and August

On September 8, 2011, The Bangko Sentral ng Pilipinas (BSP) announced that it would keep key interest rates unchanged amid lower than expected inflation in July and August.